MIAMI BEACH,
FL, May 28, 2014 /PRNewswire/
- Cre8tive Works, Inc. ("Cre8tive") OTC:FILM (Pink Sheets)
announces that effective May 23,
2014, 4,592,200 of Cre8tive's common stock was returned to
treasury reducing the total issued and outstanding common shares of
Cre8tive down to 30,716,668.
"In preparation of the audit, we did a thorough
review of the shareholder list" stated Richard Smith, Secretary & Treasurer of
Cre8tive. "We found that there were a number of issuances
relating to past transactions that had not closed. Management
agreed to return these shares to treasury as there was no likely
hood of these transactions closing. None of the shares
cancellations involved have anything to do with any current pending
transaction under our current business model. ", continued
Mr. Smith.
About Cre8tive Works, Inc.
Cre8tive
Works, Inc. is a Miami Beach based
company that specializes in the financing of compelling, production
ready, independent films and documentaries. Our mandate is to
identify projects that strike a balance between artistic integrity
and commercial viability for the international market and to
develop strong relationships with independent filmmakers that will
assist them in bringing their vision to fruition while ensuring a
solid financial return for our shareholders. Cre8tive Works,
Inc. is a publicly traded company having its common shares quoted
on the OTC Markets under the symbol FILM.
Forward Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements.
Actual results may differ materially from those described in
forward-looking statements and are subject to risks and
uncertainties. See Cre8tive Works, Inc.'s filings with OTC Markets,
which may identify specific factors that may cause actual results
or events to differ materially from those described in the
forward-looking statements.
SOURCE Cre8tive Works, Inc.