Sycamore Entertainment Group Inc. Corporate Update
21 Mars 2014 - 5:03PM
Sycamore Entertainment Group, Inc.(SEGI), a
leading innovator in hybrid film distribution, is pleased to
provide this corporate update.
Sycamore confirms it is engaged in negotiations
with an award winning sales agent for domestic rights of two motion
pictures. The company believes that both films represent an
effective opportunity to solidify its position as a key specialty
distribution company in the marketplace and that the films have the
merit to be strong awards contenders in the late fall.
Furthermore Sycamore is positioned to acquire
the corporate assets of an established entertainment property. Once
the transaction is completed, the assets cash flow will allow
Sycamore the ability to consistently acquire films and other
entertainment assets.
Financing for the asset purchase is being
arranged by our domestic and international banking partners. As
part of the transaction Sycamore is completing its financial
statements as well as getting current on all corporate affairs. The
terms and final details of the transaction will be disclosed in a
press release.
In addition, the team at Sycamore along with
Daryl Payne Films have reached the final stages of upload for
" The Judy Garland Show"
(http://sycamoreentertainment.com/news-20140227.php) E-commerce
website and are working diligently to finalize the streaming
website for commercial use. The team expects to hit their March
29th launch deadline.
Updates on the progress of these transactions
will be made available via our corporate website and via social
media.
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Investors can also follow Sycamore on Linked in:
Sycamore Entertainment Group and Twitter: Sycamorefilms
Contact: info@sycamoreentertainment.com
Media Services by: S.T.A.T. Group and Vitello
Capital Ltd.
About Sycamore Entertainment
Group . (SEGI):
Sycamore Entertainment is a diversified
entertainment company that specializes in the acquisition,
marketing and worldwide distribution of quality finished
feature-length motion pictures. Sycamores' management team utilizes
its long standing relationships to provide market specific
publicity, promotion, media buying, theatrical placement and Print
and & Advertisingfinancing for theatrical domestic
release. Visit:
www.sycamoreentertainment.com
Forward-Looking Safe Harbor Statement
Sycamore Entertainment press releases contain forward-looking
statements that are made pursuant to the safe harbour provisions of
the Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act. By their nature, forward-looking
statements and forecasts involve risks and uncertainties related to
events dependent on circumstances that will occur in the near
future. These statements involve known and unknown risks and
uncertainties, which may cause Sycamore Films actual results in
future periods to differ materially from results expressed or
implied by forward-looking statements. These risks and
uncertainties include, but are not limited to, our ability to
obtain rights to distribute and market films, product availability;
demand and market competition, and access to capital markets. For a
more complete discussion of the risks to which Sycamore Films is
subject to please see our filings with the SEC and/or OTC Markets.
You should independently investigate and fully understand all risks
before making investment decisions. This press release is not a
solicitation or recommendation to purchase any securities and you
should consult with an investment professional before making any
investments.
CONTACT: Sycamore Entertainment Group Inc.
5555 Melrose Avenue Hollywood, CA 90038
Craig Fischer S.T.A.T Group
786.375.0556
email:info@sycamoreentertainment.com
Sycamore Entertainment (PK) (USOTC:SEGI)
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