Seven Arts Entertainment Inc. Announces Multi-Million Dollar Revenue, Merger and Up-List Developments
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ATLANTA, GA / ACCESSWIRE / April 10, 2024 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", a film and music production company, is pleased to announce the following updates:
As Seven Arts approaches the end of its fiscal year, management is pleased that the Company has strategically positioned itself for significant, immediate and long-term success. Recently the Company entered into an amended Agreement with Lionsgate Entertainment, for approximately
In addition to this preliminary Agreement, Seven Arts and representatives of Lionsgate have initiated discussions to further develop assets, with a particular focus on the burgeoning Atlanta, GA market, which has been home to Seven Arts since 2021. Currently, Lionsgate is undergoing a restructuring, with an emphasis on its Atlanta studios endeavors, which is expected to generate an additional trading symbol. The Company has agreed to withhold efforts to pursue joint news releases until such time that Lionsgate completes this transition.
LIONSGATE STUDIOS TO LAUNCH AS A SEPARATELY TRADED PUBLIC COMPANY (yahoo.com)
Pursuant to ongoing merger negotiations, which requires the Company to provide audited financial statements, management has determined it is in the best interest of Seven Arts and its shareholders to expedite these expectations and rapidly execute on its previously announced intent to up-list to full SEC reporting. To that end, the Company is actively working with its audit firm.
In management's efforts to restore the Company to its previous industry standing, Seven Arts continues to pursue new assets, revenue streams and negotiations with several major studios. Further third-party Agreements, worth in excess of
Going forward and in keeping pace with the abundance of Company developments, Seven Arts will be providing regular updates through filings, press releases, shareholder conference calls, and podcasts. Management has resolved that routine communications and proactive investor relations will be paramount to the Company's future success.
About: Seven Arts Entertainment Inc. is a media and entertainment company developing a diverse portfolio of intellectual properties in the film and music industries publicly traded under symbol: SAPX
Forward-Looking Statements:
This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
info@sevenartsentertainment.com
Twitter:
@SAPX_7arts
SOURCE: Seven Arts Entertainment, Inc.
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