Cinemax Pictures and Production Co. Intl., Inc. (OTC: PK - CPPC) Announced Today Updates for the First and Second Quarters of 20
07 Marzo 2008 - 6:33PM
PR Newswire (US)
Events to Include the Launch of its New Web Site; A Corporate Name
Change; The Addition of a Film Division Consultant and Involvement
with New Film Projects TORONTO, March 7 /PRNewswire-FirstCall/ --
Constantine Papadopoulos, CEO of Cinemax Pictures & Production
Co. Intl., Inc. ("Cinemax" or the "Company"), and Tony Gouveia,
CFO, announced today the current plans for Cinemax in the first and
second quarters of 2008. According to Papadopoulos: "We are in the
process of consummating our participation in two new major film
projects. We will be assisting in the completion of the financing
for these films. Both projects are matching fund (equal
participation) investments; one is a "bio-pic" with a $12 million
dollar total budget. The other is a horror film with a $3.5 Million
dollar total budget. The company expects one or both of these
projects to be in pre-production or in production sometime during
the second quarter of 2008. We are also pleased to announce the
addition of Mr. Christian De Frank as a consultant to our film
division. Christian De Frank, who will be helping package specific
film projects, as well as consult on corporate matters, is a
creative producer and the former President of Kings Road
Entertainment, the company that produced (among other well known
film projects) Kickboxer, The Big Easy and All of Me. Papadopoulos
and Gouveia continued: "Consistent with an internal decision made
solely by the executives of the company, and done without any
external influences, we executed a previously planned name change.
We will now be known as Circa Pictures and Production Co. Intl.,
Inc. ("Circa"). Continued trading under the symbol "CPPC" is
pending and a new Cusip number has already been assigned.
Management feels the new name better reflects the company's vision
for the future which is also reflected in our new logo and website,
viewable at http://www.circapictures.com/. Information from the
previous website will also be available within the new site.
Gouveia also commented: "Since we completed the merger in October,
2007 and we became one publicly traded American based company, we
have been busy reorganizing internal operations to prepare for our
future. Our legal staff has accomplished the updating of our
corporate registrations for the Company's new name with The NASDAQ
Stock Market, Inc., Corporate Data Operations and with the
Washington Secretary of State. The updating of our Board of
Director filings with Washington State is also in process. We will
file the application to upgrade our reporting status with the Pink
Sheets to Limited Information in March 2008. This will include
financial statements and other disclosures. Furthermore, to become
a fully reporting company, we anticipate filing a Form 10 with the
SEC in April, 2008. An audit will be completed as part of this
filing process. After this is finalized, we will receive a new
Central Index Key Number (or CIK #). These steps shall further our
goals to be listed on The OTC Bulletin Board in 2008 and eventually
on The NASDAQ. In closing, Mr. Gouveia stated: "The many
initiatives we have undertaken recently were done to provide our
shareholders with added value and corporate transparency." About
Circa Pictures and Production Co. Intl., Inc. Circa Pictures is a
publicly traded company registered with the Washington Secretary of
State and is doing business in the United States and in Canada.
Circa Pictures is a rapidly emerging film and television production
company. Circa owns fourteen "Indie" movies that are in various
stages of pre-production and production ranging from comedies and
romance to action-thrillers and family features. Circa Pictures
also owns a number of reality, scripted and children's oriented
television shows that will be marketed to terrestrial and cable
television networks and syndication companies across North America.
For more information, please visit Circa's web site at:
http://www.circapictures.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. Investor Relations
Champagne Financial Corporation Tel: 416-366-3661 Toll Free:
877-366-3661 Email: DATASOURCE: Circa Pictures and Production Co.
Intl., Inc. CONTACT: Mr. Constantine Papadopoulos, President and
CEO of Circa Pictures and Production Company Intl., Inc., ;
Investor Relations, Champagne Financial Corporation,
+1-416-366-3661, +1-877-366-3661, Web site:
http://www.circapictures.com/ http://www.cinemaxpictures.com/
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