Cinemax Pictures and Production Co. Intl., Inc. (OTC-PK: CPPC) Announced Today the Signing of a Letter of Intent for the Acquisi
12 Diciembre 2007 - 8:21AM
PR Newswire (US)
TORONTO, Dec. 12 /PRNewswire-FirstCall/ -- Constantine
Papadopoulos, CEO and Tony Gouveia, CFO of Cinemax Pictures and
Production Co., Intl., Inc. (OTC-PK: CPPC) stated they are pleased
to announce the signing of a letter of intent for the purchase of
the world rights and certain market rights to a well known classics
film library. According to Papadopoulos: "We are not authorized to
mention the film collection by name or any of its respective titles
until all due diligence has been completed and the definitive
agreement is executed. However, we are permitted to reveal that
this library consists of 32 films encompassing a variety of famed
Directors, including a number of Academy Award winning films
(various categories), BAFTA winner and a Cannes Film Festival award
winner." Gouveia added: "Consistent with our business plan, this
collection of classic films will bolster the corporate assets of
Cinemax Pictures, as some of the films have existing DVD
distribution contracts. This and our plans to further expand the
DVD and other licensing contracts with these titles should
immediately increase our revenue stream and cash flow. " ABOUT
CINEMAX PICTURES Cinemax Pictures and Production Co., Intl., Inc.
is a television and film production company that currently owns a
variety of TV and Film projects in various stages of development or
pre-production. It is also expanding its business operations via
acquisition of production entities, film libraries and through its
internal media productions and is looking to expand into the so
called "new media" formats. For further information, please visit
our website at http://www.cinemaxpictures.com/ 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. DATASOURCE:
Cinemax Pictures and Production Co., Intl., Inc. CONTACT:
Constantine Papadopoulos, CEO of Cinemax Pictures and Production
Co., Intl., Inc., +1-905-783-8883; Web site:
http://www.cinemaxpictures.com/
Copyright