Post by imSINGLEruRICH on Nov 6, 2007 14:47:39 GMT -5
Cinemax Pictures & Production Co., Intl., Inc. (CPPC) November, 2007 Shareholder UpdateLast update: 11/6/2007 2:24:00 pm
TORONTO, Nov 06, 2007 /PRNewswire-FirstCall via COMTEX/ -- Constantine Papadopoulos, CEO and Anthony Gouveia, CFO of Cinemax Pictures and Production Company Intl., Inc. (Pink Sheets: CPPC) announced today the final count of round up shares has been cleared and delivered to the transfer agent on Monday November 5, 2007. The transfer agent returned them via courier to DTC the same day for distribution.
According to Gouveia: "We also wanted to inform our shareholders that we are in active negotiations for the acquisition of a number of revenue generating assets. These assets include film libraries and entertainment related companies that would provide synergies for Cinemax Pictures. The film libraries have an established history, recognizable and marketable titles with a revenue stream and would be long term assets for Cinemax Pictures. The entertainment related companies either have film libraries that represent a number of industry names and titles or have a highly marketable concept that will tap into a major entertainment market and do it with multi-platform applications. A letter of intent will be forthcoming and summary information will be disseminated to shareholders on each of these potential assets."
Gouveia continued: "Finally, I wanted to personally reassure each and every shareholder that no Director, Officer, consultant or employee of Cinemax Pictures is in receipt of their shares in the company. Therefore, none of the above stakeholders have sold, hedged, borrowed against or privately liquidated their positions nor have any of us taken any private actions with market makers."
FORWARD LOOKING-STATEMENTS This press release contains statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Act of 1995. Certain statements in this press release may contain words such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "projects," "targets" and other similar language that are considered forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties and persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise. For more information, contact: IRforTMM@cinemaxpictures.com SOURCE Cinemax Pictures & Production Co., Intl., Inc.
Copyright (C) 2007 PR Newswire. All rights reserved
TORONTO, Nov 06, 2007 /PRNewswire-FirstCall via COMTEX/ -- Constantine Papadopoulos, CEO and Anthony Gouveia, CFO of Cinemax Pictures and Production Company Intl., Inc. (Pink Sheets: CPPC) announced today the final count of round up shares has been cleared and delivered to the transfer agent on Monday November 5, 2007. The transfer agent returned them via courier to DTC the same day for distribution.
According to Gouveia: "We also wanted to inform our shareholders that we are in active negotiations for the acquisition of a number of revenue generating assets. These assets include film libraries and entertainment related companies that would provide synergies for Cinemax Pictures. The film libraries have an established history, recognizable and marketable titles with a revenue stream and would be long term assets for Cinemax Pictures. The entertainment related companies either have film libraries that represent a number of industry names and titles or have a highly marketable concept that will tap into a major entertainment market and do it with multi-platform applications. A letter of intent will be forthcoming and summary information will be disseminated to shareholders on each of these potential assets."
Gouveia continued: "Finally, I wanted to personally reassure each and every shareholder that no Director, Officer, consultant or employee of Cinemax Pictures is in receipt of their shares in the company. Therefore, none of the above stakeholders have sold, hedged, borrowed against or privately liquidated their positions nor have any of us taken any private actions with market makers."
FORWARD LOOKING-STATEMENTS This press release contains statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Act of 1995. Certain statements in this press release may contain words such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "projects," "targets" and other similar language that are considered forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties and persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise. For more information, contact: IRforTMM@cinemaxpictures.com SOURCE Cinemax Pictures & Production Co., Intl., Inc.
Copyright (C) 2007 PR Newswire. All rights reserved