Provides post-Cannes update
VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) — Amcomri Entertainment Inc. (“Amcomri” or the “Company”) (NEO: AMEN) (Frankfurt: 25) (OTC: AMNNF), a producer and distributor global independent film, TV series and documentary company, today provided a company update following its second quarter as a publicly traded company.
During the second quarter of 2022, Amcomri participated in the largest film market in the world, the Marché du Film – Festival de Cannes; acquired the assets of Flame Media, a television production and distribution company; strengthened its Board of Directors with the appointment of seasoned HR professional, Michelle Sangster; and listed on the OTC stock exchange in the United States under the symbol AMNNF.
Bringing its largest selection of in-house productions and library catalog to the Marché du Film – Festival de Cannes to date proved to be the highlight of the quarter. During two weeks at the world famous film festival and market, the company, through its wholly owned subsidiaries, achieved the following milestones:
101 Films International has secured worldwide distribution rights to Left Behind: The Rise of the Antichrist.
Amcomri Productions, 101 Films International and Hollywood Classics showcased their extensive catalogs, highlighted by titles such as Left Behind: Rise of the Antichrist, The Gates, A Home for the Holidays, Christmas at the Holly Day Inn and Dark Asset.
Amcomri Productions has entered into a multi-picture production deal with Studio Atlantic, becoming an official funding partner for the Irish-based production company’s upcoming slate of releases. 101 Films International has acquired worldwide distribution rights to the slate.
Amcomri Productions and 101 Films International, alongside Head Gear Films, have announced the production of Diabolical, the latest film from Daniel J Phillips and the first feature in a three-picture slate with SunJive Studios, Monster Pictures and Pictures in Paradise. I evils financed by Amcomri Productions and Sunjive Studios with worldwide distribution handled by 101 Films International.
101 Films has secured the pre-purchase acquisition of Blood for Dust (2022) starring Kit Harrington, which begins filming in August 2022, with a UK release in 2023/24. The deal was made between 101 Films and Highland. 101 Films also completed the post-production acquisition of fear the night (2022) with Maggie Q, which will be released in the UK in the first quarter of 2023.
“We went to Cannes brimming with excitement thanks to our most expansive new release slate yet and extensive film libraries,” said Robert Price, CEO of Amcomri. “Partner response has been exceptionally strong and validates our growth strategy.”
Another key achievement in the second quarter was the acquisition of the assets of Flame Media, a global distributor of factual and documentary television content based in the United Kingdom and Australia, for total consideration of approximately C$3.0 million. . This latest deal has grown Amcomri’s TV content library to more than 4,500 hours of TV programming.
“Our rapid start as a public company continued into the second quarter, demonstrating the progress we are making in all areas of the business,” added Mr. Price. “We had remarkable success at Cannes, acquired outstanding television content and libraries, and strengthened our board of directors. What a great start for our organization. I congratulate all members of the Amcomri team for their efforts in achieving these achievements. »
About Amcomri Entertainment Inc.
Amcomri Entertainment Inc. (NEO: AMEN) (Frankfurt: 25) (OTC: AMNNF) provides global distribution capabilities to independent producers of films, documentaries and television series as well as its own in-house productions. With decades of experience across all key media platforms, Amcomri is quickly becoming the go-to team for independent producers seeking the widest possible audience for their productions. The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
E-mail: [email protected]
MBC Capital Markets Advisors, Chairman
E-mail: [email protected]
This press release contains statements that constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”), including statements regarding the Company’s plans, intentions, beliefs and current expectations with respect to future business activities and operating performance. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, ” esteem”, “expect” or similar expressions. Investors are cautioned that forward-looking statements are not based on historical fact but rather reflect the Company’s expectations, estimates or projections regarding future results or events based on management’s beliefs, assumptions and estimates believed to be reasonable at the date on which the declarations are made. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties, and undue reliance should not be placed on them, as unknown or unforeseeable factors could have material adverse effects on future results, performance or achievements. the company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described herein as anticipated, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be those anticipated, estimated or expected and these changes could be material. The Company does not intend and undertakes no obligation to update any forward-looking statements, except as otherwise required by applicable law. Investors are cautioned that trading in the Company’s securities should be considered highly speculative. For a more detailed discussion of these risks and uncertainties, please see the section titled “Risk Factors” in the Company’s Annual Information Form dated March 28, 2022 and available under the Company’s profile on SEDAR at www.sedar .com.