Cinemax Pictures & Production Co., Intl., Inc. (CPPC) November, 2007 Shareholder Update
November 06 2007 - 2:24PM
PR Newswire (US)
TORONTO, Nov. 6 /PRNewswire-FirstCall/ -- 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: DATASOURCE: Cinemax
Pictures & Production Co., Intl., Inc. CONTACT: Constantine
Papadopoulos, +1-905-783-8883 of Cinemax Pictures & Production
Company Intl., Inc. Web site: http://www.cinemaxpictures.com/
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