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Amcomri also provides updates on ‘Frontier’ and ‘Brush’
VANCOUVER, British Columbia, June 7, 2023 (GLOBE NEWSWIRE) — Amcomri Entertainment Inc. (“Amcomri” or the “Company”) (NEO: AMEN) (OTC: AMNNF) (Frankfurt: 25YO), a global production The company, the creator and distributor of independent film, television series and documentaries, announced today that its television and documentary subsidiary, Abacus Media Rights (“Abacus”), is financing and International Distribution. This project is a collaboration between Supercollider, Green Door Pictures and Pink Towel and was commissioned by the CBC and BBC. In a production that bridges different eras in music history while highlighting racial inequity, Amcomri Entertainment’s involvement underscores a commitment to supporting influential independent production and addressing important issues within the industry.
“We see continued strong demand for independent content, particularly on the TV side of our business,” said Amcomri CEO Robert Price. “Our subsidiary, Abacus Media Rights, continues to represent and invest in a diverse repertoire of television productions. Its work has received international recognition and has been featured at the Irish Film and Television Awards, BAFTA Television Awards, RTS Awards and the 2023 True Crime Awards ” and Mariupol: The People’s Story has received international acclaim, demonstrating the exceptional quality and caliber of content that Amcomri Entertainment stands for.”
In addition, Abacus secured pre-sales and sales of critically acclaimed titles such as We Need to Talk About Kanye, The Frontier and Scrublands, ensuring broad distribution in European and North American markets. Abacus also retains international sales distribution rights to critically acclaimed series “Hope Street” and acquires worldwide rights to Emmy-nominated series “Legacy List with Matt Paxton”, expanding Amcomri Entertainment’s broad offering Combined global reach.
Amcomri also announced that it issued 500,000 corporate restricted stock units (“RSUs”) to Robert Price, the company’s Chief Executive Officer, pursuant to the company’s comprehensive equity incentive plan. The RSUs will be vested in three equal installments on September 30, 2023, 2024 and 2025, upon which Mr. Price will be entitled to acquire up to 500,000 common shares in Amcomri’s capital or the cash equivalent of such shares.
forward-looking statement
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 revocation of the cease-and-desist order, the Company’s growth plans, the release of the Company’s films time and the Company’s plans, intentions, beliefs and current expectations regarding future business activities and operating performance. Forward-looking statements are often identified by words such as “may,” “would,” “may,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” etc., ” expected” or similar expressions.
Investors are cautioned that forward-looking statements are not based on historical facts, but reflect the Company’s expectations, estimates or projections of future results or events based on opinions, assumptions and estimates believed to be reasonable by management on the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on these statements because unknown or unpredictable factors may have a negative impact on future results, performance or achievements have a material adverse effect on the company.Key factors that could cause actual results to differ materially from those projected in forward-looking statements are as follows: changes in general economic, business and political conditions, including changes in financial markets; changes in applicable laws and regulations in local and foreign jurisdictions; compliance with broad governmental regulations; risks and uncertainties related to foreign markets; and the risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Information Form dated April 14, 2023, which and Uncertainty can be found in the company profile on SEDAR www.carder.com. These forward-looking statements may be subject to risks and uncertainties in the company’s business and general market conditions, including COVID-19.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may differ from those described herein as expected, planned, expected, believed, estimated or Expected results vary significantly. Although the company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be other factors that cause results to differ from expectations, estimates or expectations, and such changes could be material. All forward-looking statements contained in this press release are qualified by the foregoing cautionary statements and there can be no assurance that our anticipated results or developments will be achieved or that, even if substantially achieved, they will have the desired effect on our business, financial consequences or effects of conditions or results of operations. Unless otherwise indicated or the context otherwise requires, the forward-looking statements contained herein are made as of the date of publication, and the company does not intend and undertakes no obligation to update forward-looking statements, except as otherwise required by applicable law.
Investors should note that trading in the Company’s securities should be considered highly speculative.For a more detailed discussion of such risks and uncertainties, please see the section entitled “Risk Factors” in the Company’s Annual Information Form dated April 14, 2023, which can be found in the Company’s profile on SEDAR at www.carder.com.
About Amcomri Entertainment Inc.
Amcomri Entertainment Inc. (NEO: AMEN) (Frankfurt: 25Y0) provides global distribution capabilities to independent film, documentary and television producers and their in-house productions. With decades of experience across all major media platforms, Amcomri is fast becoming the team of choice for independent producers seeking the widest possible audience for their work. 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.
For more information on Amcomri, please see its disclosure on SEDAR at www.carder.com or visit the company website https://amcomrientertainmentinc.com/
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