THE
MOVIE STUDIO INC. ANNOUNCES COMMON STOCK
BUYBACK
SHARE
REPURCHASE
AGREEMENT
FT.
LAUDERDALE, FL -- June
13, 2019
--
InvestorsHub NewsWire -- The Movie
Studio, Inc. (OTC:
MVES)
www.themoviestudio.com announces a
common
stock buyback also known as a share repurchase
agreement.
"Based
on our continued confidence we have in our business going forward,
the Board of Directors and management team believe that the
company's shares are an attractive investment
opportunity,"
stated
Gordon
Scott Venters President and Chief Executive Officer.
Repurchases
may be made at management's discretion from time to time on the
open market or through privately negotiated transactions. The
repurchase program has no time limit and may be suspended for
periods or discontinued at any time. Any shares acquired will
be returned
to treasury. The
company had approximately 37,300,298
million
shares of common stock outstanding as of June
1st,
2019.
The
company does not expect to incur debt to fund the share repurchase
program.
About The Movie Studio Inc.
The
Movie Studio, Inc. is a vertically integrated motion picture
production and distribution Company with completed motion picture
and production assets. The Company acquires, develops,
manufactures, and distributes independent motion picture content
for worldwide consumption in Theatrical, Video on Demand (VOD),
Foreign Sales and on various media devices. For more information,
visit http://themoviestudio.com
Contact:
The Movie
Studio, Inc.
Gordon
Scott Venters, President and CEO
gsv@themoviestudio.com
954-332-6600
Forward Looking Statements and Disclaimer
Statements
made in this press release that express the Company or management's
intentions, plans, beliefs, expectations or predictions of future
events, are forward-looking statements. The words "believe,"
"expect," "intend," "estimate," "anticipate," "will" and similar
expressions are intended to further identify such forward-looking
statements, although not all forward-looking statements contain
these identifying words. Those statements are based on many
assumptions and are subject to many known and unknown risks,
uncertainties and other factors that could cause the Company's
actual activities, results or performance to differ materially from
those anticipated or projected in such forward-looking statements.
The Company cannot guarantee future
financial results; levels of activity, performance or achievements
and investors should not place undue reliance on the Company's
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of the
Company's future financial performance, future revenues or its
future stock price. The forward-looking statements contained herein
represent the judgment of the Company as of the date of this press
release, and the Company expressly disclaims any intent, obligation
or undertaking to update or revise such forward-looking statements
to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statements are based. No information in this press
release should be construed as any indication whatsoever of the
Company's future revenues or results of operations.
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