SEVEN ARTS ENTMT INC - SAPX STOCK NEWS

Seven Arts Entertainment Inc. (SAPX) has provided an update on its projects, highlighting the completion of principal photography for the documentary 'Manspeaker', centered on Green Jelly's founder Bill Manspeaker. The film, attracting interest from major studios like HBO Max, could generate over $40 million in revenue. Additionally, contracts for NFTs and a new album are in development. The company has reduced its outstanding shares by 62% and is progressing towards SEC reporting. Seven Arts also anticipates generating $12 million annually from its Atlanta sound stage facilities.

Seven Arts Entertainment (OTC PINK: SAPX) announced the acquisition of a 7.5% stake in Los Angeles-based Picture Pro LLC. This strategic move aims to enhance the Company’s ability to raise capital for feature films, leveraging Picture Pro's extensive network in the film industry. Notably, the funding is expected to be non-dilutive for shareholders as it will be secured by film assets rather than Company stock. As the fiscal year-end approaches on June 30, 2022, Seven Arts anticipates a detailed shareholder update regarding future plans and ongoing projects.

Seven Arts Entertainment Inc. (SAPX) has provided a significant shareholder update, highlighting accomplishments over the past year. Key achievements include regaining reporting compliance with OTC markets, settling debts, and reducing authorized shares from 4.5 billion to 1.8 billion. The company has reinstated its music subsidiary and acquired Muse Media. Upcoming plans include finalizing the Atlanta facilities with advanced Dolby Atmos capabilities, starting production on a documentary, and pursuing partnerships with major production companies. Management aims for an SEC reporting tier upgrade following the next annual report.

Seven Arts Entertainment Inc. (OTC PINK:SAPX) has announced a new biopic project focusing on a Grammy-nominated Los Angeles music icon and his comedy punk-band, which sold over 15 million copies globally in the early 1990s. The company has started filming interviews and intends to distribute the film through major streaming platforms and cable networks. Additionally, there are discussions to release a new album under Seven Arts Music alongside the film. CEO Jason Black expressed excitement about the project, emphasizing its compelling and humorous nature.

Seven Arts Entertainment, Inc. (OTC PINK: SAPX) has successfully returned 2.5 billion common shares to treasury, resulting in a 62% reduction in shares outstanding. The management plans to further reduce authorized shares to improve the company's capital structure. The company is advancing its new facilities in Atlanta and developing its film and music assets. CEO Jason Black expressed satisfaction with the share reduction, noting it was costly but beneficial for shareholders. Further operational updates are expected soon.

Seven Arts Entertainment Inc. (OTC PINK:SAPX) has announced a Joint Venture (JV) with 24ATL Studios, specializing in advanced virtual production technologies. This partnership will minimize production costs for upcoming projects, including the film Venus Effect. The JV aims to create a comprehensive film production campus, incorporating a new Dolby Atmos studio for enhanced audio capabilities. This development leverages innovative LED backdrop technology, which is increasingly favored over traditional green screens for its cost-effectiveness and immersive qualities.

Seven Arts Entertainment Inc. (SAPX) has announced the commencement of production for its upcoming sci-fi film, Venus Effect, under director Andrew Burn. Collaborating with its subsidiary Muse Media, the company plans to mint NFTs to enhance investor engagement, projecting over $1 million in NFT revenue. Early production is ahead of schedule, with major streaming platforms showing interest. Additionally, the company is actively pursuing share reduction strategies and has engaged a new transfer agent to expedite this process.

Seven Arts Entertainment (OTC PINK:SAPX) has secured a new office and production facility in Atlanta, GA. The 2000 sq. ft. facility includes conference space, podcast rooms, and areas for film and audio production. This site will serve as the Atlanta headquarters for both Seven Arts and its subsidiary, Muse Media, facilitating collaboration with third-party production companies. CEO Jason Black emphasized that the facility will support various functions from script writing to post-production, enhancing the company’s capabilities in the growing Atlanta film industry.

Seven Arts Entertainment Inc. (OTC PINK:SAPX) has announced a Memorandum of Understanding to develop a Sci-Fi feature film, primarily with a team based in Atlanta and directed by Andrew Burn. The film's success is expected due to a supporting cast with strong social media influence, totaling approximately 5 million subscribers. CEO Jason Black expressed optimism regarding securing a major streaming network for the film, emphasizing preparations for pre-production have already begun. Additional cast announcements are forthcoming as agreements are finalized.