MIAMI BEACH, FL, July 15, 2014 /PRNewswire/ - Cre8tive
Works, Inc. (the "Company") (OTC Pink:FILM) would like to
announce that it has completed an extensive internal review of all
books and records and has now instructed council to begin
preparation of a Form S-1 to become fully reporting with the U.S.
Securities and Exchange Commission. Management felt that it
was in the interest of time efficiency and cost effectiveness to do
an internal review prior to engaging council to commence the S-1
process. The internal review included a detailed forensic
analysis of all books and records including but not limited to:
- Articles
- By laws
- Amendments
- Minutes
- Resolutions
- Director and officer appointments
- Share issuances and cancellations
- Private placement agreements
- All material agreements including:
- Merger agreements
- Asset purchase agreements
- Debt settlement agreements
- Consulting agreements
- Other
- Bank statements and cancelled checks
- Paid and unpaid supplier invoices
- Employee expense reports
- Trading history
- Shareholder lists and NOBO Reports
- Press releases
Management is confident that the books and records are now up to
standard and will pass review. The external financial
statement preparation and audit will be commencing shortly and will
run parallel to the preparation of the Form S-1.
"The internal review process was very thorough and time
consuming" stated Richard Smith,
Secretary & Treasurer of Cre8tive Works, Inc. "We went
right back to 2003 for both Rangemore Productions and Rangemore
Film Productions and looked at every single transaction to make
sure that that everything was justified and properly
documented. We felt that we needed to do this to have
confidence in the materials being presented to council to
ensure that the audit and S-1 processes move forward in a
smooth and timely manner" 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.
