Wednesday, November 30, 2011
Form 4 filings hit the wires mid-day with the stock trading at $.0005. The stock hit a high of $.0008 later on in the session and closed at $.0007. Over 20 million shares were reported purchases in the open market on Tuesday. Insider buying is usually a good sign and I think the stock will continue to react positively to this development. The chart also looks to be turning higher. I think short term the stock will break back over $.001 and could test $.002.
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Symbol Last Company Name
MISVF 1.48 MINCO SILVER CORP
PSDV 1.44 PSIVIDA
ROHI 1.38 ROTECH HEALTH CARE
PMGYF 1.15 PERPETUAL ENERGY IND
GLGL 1.11 GLG LIFE TECH CORP
CERP 1.08 CEREPLAST
BDSI 1.04 BIODELIVERY SCIENCES
GBG 0.96 GREAT BASIN GOLD
HYFXF 0.94 HYFLUX LTD
FFN 0.9392 FRIENDFINDER NETWORKS
CPHI 0.9 CHINA PHARMA HOLDINGS
DHT 0.82 DHT HOLDINGS
DPTR 0.7 DELTA PETROLEUM
PRST 0.5351 PRESSTEK
EEE 0.34 EVERGREEN ENERGY
AMR 0.335 AMR
ROSG 0.27 ROSETTA GENOMICS
RMIOF 0.2236 ROMIOS GOLD RESOURCE
PUDA 0.2 PUDA COAL
FMCC 0.1985 FREDDIE MAC
ENA 0.1929 ENOVA SYSTEMS
TKDN 0.169 TAKEDOWN ENTERTAINMENT
OMVS 0.15 ON THE MOVE SYSTEMS
CTSO 0.136 CYTOSORBENTS
AAGC 0.1306 ALL AMERICAN GOLD
SNGX 0.0349 SOLIGENIX
YRCW 0.033 YRC WORLDWIDE
TUFF 0.032 TUFFNELL
NRTLQ 0.0162 NORTEL NETWORKS
ALZM 0.0089 ALLEZOE MEDICAL HOLDINGS
MSMY 0.0032 MC ENDVRS
GNTA 0.0014 GENTA
Tuesday, November 29, 2011
This is a great chart set-up. I let my subscribers know that I think this stock sees $1.50-$1.60 or better in the short term. Today we got off to a great start on that price area with a nice 10% gain. The MACD is curling nicely and I have confidence in my abilities to find a stock ready to rally. PSDV looks like its going to move 30-50% from here.
This is a stock that came up on one of my bottom scans. It has 4 great sessions including today. The stock is moving up in a slow deliberate fashion after a drop from over $.30 a share to $.005.
I think further gains are possible from here.
Viking Minerals is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada.
Monday, November 28, 2011
I brought EEE to my chat room early this morning when the stock was in the mid $.20's. It closed at almost $.50 a share on over $3 million in money volume. Even the pull back to $.35 was a buying opportunity. LOGL last week at $.60 it hit $1.71, and today EEE. The chat room has been a nice spot to pick up some daily trades.
A great chart since the middle of September this stock has been on a slow deliberate upswing.
An August 8k filings is the only recent developments from the company.
This was from their August 17th 8K filing:
Due to a shortage of capital, Superior Oil and Gas became delinquent in filing its current reports with the Commission as a result of lacking the funds to pay its auditor. However, the Company has now obtained the necessary funds and will proceed expeditiously to prepare and file with the Commission all delinquent filings and become current again.
Sunday, November 27, 2011
Wednesday, November 23, 2011
Today the stock rebounded smartly, up well over 100%. I alerted this in my chat room before the open and also on my twitter account at $.60. Currently it is trading at $1.35 a share $.04 off its highs.
I don't care if this rally has more legs, I think the big money was made this morning at the lows and on the way up. Profit takers could take the stock back down, so I don't think right now is the time to be jumping aboard. It turned out to be one heck of a bounce and a great way to start the holiday season.
Tuesday, November 22, 2011
Symbol Last Company Name
FFEX 1.36 FROZEN FOOD EXPRESS
ATHX 1.23 ATHERSYS
PMGYF 1.21 PERPETUAL ENERGY IND
PSDV 1.18 PSIVIDA
CERP 1.06 CEREPLAST
HYFXF 0.95 HYFLUX LTD
BDSI 0.93 BIODELIVERY SCIENCES
BORK 0.9055 BOURQUE INDUSTRIES
CPHI 0.9 CHINA PHARMA HOLDINGS
NTWK 0.4375 NETSOL TECHNOLOGIES
PRTDF 0.3321 PETRO MATAD LTD
ENA 0.1968 ENOVA SYSTEMS
AERG 0.095 APPLIED ENERGETICS
OMVS 0.085 ON THE MOVE SYSTEMS
YRCW 0.0446 YRC WORLDWIDE
ESLRQ 0.035 EVERGREEN SOLAR
SNGX 0.0325 SOLIGENIX
HHWW 0.032 HORIYOSHI WORLDWIDE
TUFF 0.025 TUFFNELL
ALZM 0.0135 ALLEZOE MEDICAL HOLDINGS
CRWV 0.0067 CROWNE VENTURES
MSMY 0.0033 MC ENDVRS
GNTA 0.0014 GENTA
TIVU 0.0005 TIVUS
PGIE 0.0003 PGI ENERGY
LFBG 0.0001 LEFT BEHIND GAMES
Monday, November 21, 2011
Friday, November 18, 2011
This summer FTEG was trading for over $.10 a share with millions of shares in volume. It has since slowly and methodically fell to sub $.01 levels and rests only a couple of ticks away from its all time lows.
I think this stock is poised for a rebound from current levels.
The company is CURRENT at OTCMARKETS. They are up to date on all filings.
They have an attractive share structure for a stock at these prices:
|Shares Outstanding||411,961,477||a/o Sep 30, 2011|
|Float||113,678,555||a/o Sep 30, 2011|
|Authorized Shares||500,000,000||a/o Sep 30, 2011|
They have also been keeping the public updated about their operations via press releases. This is a stock to watch for a move higher from here.
PHOENIX, AZ, Nov 04, 2011 (MARKETWIRE via COMTEX) -- Earlier this week, For The Earth Corporation (PINKSHEETS: FTEG) began talks with a highly successful sales and marketing consultancy based in Great Britain. They were initially attracted to Kat-Box King's Litter To Go -- a fully recyclable cat box and litter combination -- which is part of For The Earth's portfolio of businesses.
According to Pet Product News, retail sales for the pet industry totaled $61 billion in 2009 worldwide and are forecasted to continue to grow through 2014. Coupling this dawning relationship with this consultancy and their recent alignment with an experienced European distributor, For The Earth is poised to break into multiple markets at once with an established infrastructure capable of meeting the demands, challenges, and certain successes that come with such an intelligent business move.
"The potential that the European market represents is enormous, and we believe For The Earth's portfolio of products fits the visions and goals of both the consultancy and distributor in that market," says Nelson Grist, President and CEO of For The Earth Corporation. "We are very excited to have begun a relationship with both of these companies. By both expanding into the European market and bringing more products from Europe to North America, not only do we anticipate huge potential for increased sales, but look forward to the invaluable opportunity to build world awareness for the company and its phenomenal products," Grist adds. For The Earth Corporation's vision is to produce environmentally friendly products with purpose.
For more information please visit www.ftec.co All investor inquiries should be directed to the investor relations team at (888)206-1358 or email@example.com.
DGIN closed up $.0001 today or 8%, not exactly a huge move for a $.0013 stock. What has my eyes focused on the stock is the increasing volume. The stock has been holding up well over the $.0008 area for quite a while.
With any stock holding support is important and with volume light DGIN has geld a tight range since its drop from over $.04 a share. I think the recent uptick in volume is a positive signal for this stock and I feel a move to $.002 - $.0025 or better is looming.
If a stock has 5 letters and the last letter is Q, in my opinion, it means stay away. A Q as the fifth letter in a stock symbol means the company has filed for bankruptcy. Healthy companies do not file for bankruptcy and more often then not a bankrupt stock means the common stock is worthless.
We've seen the Q stocks get a push every once in a while mostly because they can be pushed. Q stocks are dead, bankrupt and almost never hold any value. But without fear of company dilution, reverse splits, these stocks can be bought and made to seem like they have value.
VMSYQ was one of those stocks that always made me wonder. For one the stock traded higher post bankruptcy than it did prior to it. It defied logic. VMSYQ was a $.0008 stock when it filed for bankruptcy back in November 2010 over a year ago. As recently as October 10th it traded for $.018 a share! Where is the logic? A bankrupt company trading for more than it did when it was a viable entity?
Today VMSYQ dropped over 80% to close at $.0018. As the shares are just as worthless as the day they filed for bankruptcy, I would not be surprised to see it back at $.0008. Unfortunately people were buying at $.002 to $.018 and ] must now hold or sell for a huge loss. Q stocks are not investments and those who got burned this time likely won't get burned again. Its a lesson learned for those who bought on the run up, and also a good lesson for those looking in from the outside. Q stocks are almost never a good investment.
Thursday, November 17, 2011
Symbol Last Company Name
CERP 1.14 CEREPLAST
FFEX 1.12 FROZEN FOOD EXPRESS
BDSI 0.98 BIODELIVERY SCIENCES
CPHI 0.878 CHINA PHARMA HOLDINGS
NEPH 0.49 NEPHROS
PRTDF 0.28 PETRO MATAD LTD
OBJE 0.205 OBSCENE JEANS
LGFTY 0.09 LONGTOP FINANCIAL TECH
OMVS 0.075 ON THE MOVE SYSTEMS
HHWW 0.0419 HORIYOSHI WORLDWIDE
YRCW 0.04 YRC WORLDWIDE
SNGX 0.035 SOLIGENIX
TUFF 0.027 TUFFNELL
NRTLQ 0.0195 NORTEL NETWORKS
ALZM 0.0143 ALLEZOE MEDICAL HOLDINGS
MSMY 0.0026 MC ENDVRS
GNTA 0.0015 GENTA
TIVU 0.0006 TIVUS
TADF 0.0006 TACTICAL AIR DEFENSE
Wednesday, November 16, 2011
ATWT filings out, the stock is now current at OTC markets. My only concern is they remain default at their secretary of state. This needs to get resolved, but absent this I still think the stock bears watching at its current $.0008 price.
ICPA I had this stock on my watchlist yesterday at $.0022 today it hit $.0061 a share and closed up 150%. Congratulations to those of you who profited off this stock today. I think the potential is there for further gains. A nice bid was present at the end of the session and today;s momentum should carry through into tomorrow.
PEPR dump and run? I like this stock if it falls further. Figure $.0035 - $.005
FTWR I think this stock is going bankrupt. FTWRQ. But at some point it will bounce. Today it held above $.30 until late in the session. I could tell by the chart that the selling was not over. Tomorrow it could be a great day to swing trade this stock. I will let you know in my chat room if I see a good chance/potential for profit.
PEIX exploded higher today after a brief pull back. The stock soared to $1.85 and then fell from there closing at $1.35 up only .75% as profit takers and day traders took the stock down. Still a very impressive move, congratulations to all who profited from this stock.
Tuesday, November 15, 2011
IARO this stock saw volume out of nowhere today hitting $.0003 a share. I think its worth watching tomorrow. Triple zero stocks seem to be heating up and with RIGH today hitting $.0008 from $.0001, if the money flow continues for IARO we could see a similar move.
SAVW a nice two day rally could turn into three tomorrow. This stock has seen some great rallies in the past and this could be the start of one of those rallies.
ICPA the company had some nice news out today. Volume has been on the rise and I do think it has a run coming at some point. If the selling lets up this $.0022 price will be looking pretty cheap at some point.
ABPR was up 33% today. I don't think this bounce is over and I think the stock will head back up to previous levels.
PEIX closed at $1.33 today. Such a beautiful move off its lows and while the stock remains overbought, it has some serious momentum on its side. This stock was on my October 3rd Bottom Scan at $.27 a share or only $.02 away from its 52 week low.
Trading stocks that have large, deliberate moves to the downside can make for great trades when they finally rally as PEIX has done.
My bottom scans are not a perfect science. What they do offer are stocks that potentially are poised to rally off their lows. Some of them continue to fall while others can and have rallied sharply the very next day. PEIX did not rally the day after it came up on my scan, but it did offer those who did not know about the stock a chance to look at it and see if they want to trade it for a recovery rally. Those that did are up some 400% today.
Monday, November 14, 2011
Thursday, November 10, 2011
TSON 1.5 211219 TRANS1
MNTG 1.4 2464 MOTOR GAMING GROUP
FFEX 1.21 96249 FROZEN FOOD EXPRESS
DHT 1.18 423288 DHT HOLDINGS
HYFXF 1.05 8950 HYFLUX LTD
TRMD 0.975 80920 DS TORM
BDSI 0.96 75660 BIODELIVERY SCIENCES
CPHI 0.895 53327 CHINA PHARMA HOLDINGS
LQMT 0.175 209193 LIQUIDMETAL TECHNOLOGIES
YRCW 0.0459 15409627 YRC WORLDWIDE
SNGX 0.037 469050 SOLIGENIX
MJNA 0.025 1099709 MEDICAL MARIJUANA
NRTLQ 0.02 1322878 NORTEL NETWORKS
RXPC 0.0035 12250206 RADIENT PHARMACEUTICALS
GNTA 0.0017 25815549 GENTA
TIVU 0.0007 2694928 TIVUS
PGIE 0.0003 66498963 PGI ENERGY
Wednesday, November 9, 2011
This has been some drop for EMBA. Could it continue to fall? Absolutely. Do I think it has a sharp rally in store? Absolutely, the question is when. What I like about this chart after today's close is the curling of the MACD. Volume has slowed, selling still has abated, buyers are whats lacking. And absent any further selling I think EMBA has a sharp rally coming.
Friday, November 4, 2011
On October 24th EMBA opened the trading session at $.41 a share. That was day one of now a 10 trading day decline that has seen this stock lose 90% of its value. Today the stock closed at $.045 a share and looks poised, at some point to rebound. Obviously the trend is down right now, but finding the right spot to get in before the bounce can be a lucrative move.
What makes me think we are close to a bottom is the last three days has seen lower volume (less selling) and less price range (stabilization). Look at the volume and money flow when the stock was over $.20 and compare to where the stock is today. I think this bodes well for a bounce from current levels.
Also there is some potentially positive news due out between now and November 21st with Acer. Acer ranks number 2 in notebook and pc's globally (press release pasted below).
While nothing is ever certain in this market, 10 consectuive days of selling, the odds increase each day of a bounce.
Price/Date/Volume Data For EMBA
10/24/2011 0.41 0.41 0.32 0.34 1465835 1465835
10/25/2011 0.311 0.36 0.241 0.265 1403014 1403014
10/26/2011 0.263 0.263 0.1454 0.205 3011326 3011326
10/27/2011 0.21 0.21 0.14 0.155 1809419 1809419
10/28/2011 0.155 0.155 0.1 0.11 1191958 1191958
10/31/2011 0.109 0.114 0.0763 0.0798 1208521 1208521
11/1/2011 0.0797 0.08 0.051 0.061 2820038 2820038
11/2/2011 0.061 0.061 0.045 0.054 734449 734449
11/3/2011 0.051 0.06 0.041 0.05 1608812 1608812
11/4/2011 0.05 0.05 0.0411 0.045 911972 911972
ACER Negotiations Release from October:
eMamba International Corp. (EMBA) Provides Update on First Statement of Work (SOW) Negotiations with Acer Inc.
Discussions Cover Desktops, Laptops, Projectors and Monitors for the Acer, Gateway and eMachines Brands
SANTA FE SPRINGS, CALIFORNIA, Oct 21, 2011 (MARKETWIRE via COMTEX) -- eMamba International Corp. (PINK SHEETS: EMBA), an emerging provider of cloud-based business software and after-sales customer services, announced today an update on eMamba's negotiations with Acer Inc. regarding its first Statement of Work (SOW).
As reported on October 17, 2011, eMamba announced it has signed a Master Services Agreement with Acer. eMamba and Acer are currently involved in international business negotiations, which are expected to be finalized by no later than November 21, 2011.
The SOW discussions cover desktops, laptops, projectors and monitors for the Acer, Gateway and eMachines Brands.
Since its founding in 1976, Acer has achieved the goal of breaking the barriers between people and technology. Globally, Acer ranks No. 2 for total PCs and notebooks. A profitable and sustainable Channel Business Model is instrumental to the company's continuing growth, while its multi-brand approach effectively integrates Acer, Gateway, Packard Bell, and eMachines brands in worldwide markets. Acer strives to design environmentally friendly products and establish a green supply chain through collaboration with suppliers. Acer is proud to be a Worldwide Partner of the Olympic Movement, including the Vancouver 2010 Olympic Winter Games and London 2012 Olympic Games. The Acer Group employs 8,000 people worldwide. Revenues for 2010 reached US$19.9 billion. See www.acer-group.com for more information.
aimed at boosting capital formation
for micro cap companies, existing and anticipated trading platforms in the private sector are emerging as a potential solution with or without new laws.
Nasdaq OMX Group is expected to launch its BX Venture Market by the end of the year. The new national exchange will serve small companies that fail to list on other markets.
Rodman & Renshaw Capital Group is buying some assets of the OTC Bulletin
Board stock quotation system from the Financial Industry Regulatory Authority. In August, Rodman hired two executives to lead the venture, and it is expected to announce more information regarding its plans next year.
Representatives of Nasdaq and of Rodman
couldn’t be reached.
Meanwhile, OTC Markets Group is beginning to see more U.S. companies gravitate toward its OTCQX electronic trading platform, according to Cromwell Coulson, CEO of OTC Markets. Until recently, OTCQX had primarily focused on attracting international companies since its launch in 2007.
The OTCQX is OTC Markets’ top trading
tier. It requires companies to maintain certain financial and operational standards while filing audited financial reports with the Securities and Exchange Commission or OTCQX.com.
Additionally, companies that want to be quoted on the OTCQX must hire a law firm or an investment bank to act as a designated
advisor for disclosure, or “DAD.” The DAD reviews the company’s information
for application to OTCQX and for continued trading on the platform. (A bank or attorney sponsoring foreign companies
is known as a Principal American Liaison, or “PAL.”)
Currently, 286 companies trade on OTCQX and all but 31 are foreign issuers. But 10 U.S. companies have moved to the platform already this year. Likewise, U.S. OTCQX companies are now showing up in the PIPE market.
Some 300 companies will be trading
on the OCTQX platform by the end of 2011, Coulson forecasted. The new entrants will eventually consist of a more even mix between domestic and international
companies, he said. Coulson credits the trading success that international companies
have had on the platform for creating
more domestic awareness.
“A lot of U.S. companies have made a substantial investment in being SEC-reporting, but it is very hard for an investor
to identify good disclosure and what is a real company with an interesting business”
just by the fact that the companies are reporting, he said. “We’re talking more and more to the legal and investment
banking community who are looking
at OTCQX and saying, ‘Wow. This could actually be a better platform for our companies.’”
Micro Cap Blues
The effort to launch or beef up trading platforms for small U.S. companies parallels
a growing debate over how much regulation is needed of micro cap securities.
While they’re seen as critical to job creation and innovation, the companies number in the tens of thousands and are hounded by perceptions of fraud. Among other consequences, rules addressing past fraudulent behavior in the penny stock world have created barriers to funding for small companies.
But competition between the OTCQX platform and other markets should help to provide more micro cap capital-formation opportunities, while creating more transparency
for investors, Coulson said. He participated in a roundtable discussion, hosted by the SEC, on the execution, clearance and settlement of micro cap securities on Oct. 17.
Accurate disclosures are the key to rooting out micro cap fraud, Coulson said. Listing rules on exchanges largely assure investors trading large company stocks that a listed company’s financial information
is of a certain quality. DADs play a similar role for buyers of OTCQX securities,
“The SEC says investors should be very cynical of micro cap companies because even if they do file reports with the commission, the SEC brings a lot of actions against the companies for bad or false disclosures,” Coulson said. “So the ability to bring professional supervision into this marketplace is such an advantage.
It’s going to make for better information
In mid-October, Chicago-based market
maker Citadel Securities signed with OTC Markets in a move that should further boost liquidity in the micro cap space.
Not only will Citadel make a market in many of the stocks trading on OTC Markets platforms, but it also will create
an automated trading system that will pair buy and sell orders without as much human intervention, said Benjamin Small, a quantitative researcher with Citadel.
For investors and companies, that will ultimately translate into lower trading
costs that stem from fees and spreads, he said.
“By automating this marketplace,we’re hoping to make it a more efficient way to infuse capital into these small companies,” Small said.
Emerging PIPE Candidates
Of the 10 U.S. companies that began trading on the OTCQX platform this year, nine file reports with the SEC, said Tim Ryan, managing director of business development
at OTC Markets. Some of the more recent additions include GigOptix Inc., EpiCept Corp., General Cannabis and Imperial Petroleum.
Companies delisting from an exchange or moving up from a lower OTC Markets tier are fueling the nascent growth of U.S. companies trading on the OTCQX. GigOptix, a provider of telecom
and network system components based in San Jose, Calif., moved up to the OTCQX from the OTCQB tier on Aug. 16. Companies that trade on the OTCQB file reports with the commission.
EpiCept, a Tarrytown, N.Y.-based pharmaceutical company, delisted from Nasdaq in mid-September and began trading
on the OTCQX on Sept. 19. EpiCept, which has issued at least 18 PIPEs to raise $139.7 million over the last six years, also remains listed on the Nasdaq Stockholm Exchange.
San Francisco-based investment bank Merriman Holdings said on Oct. 26 that it plans to move its listing from the Nasdaq to OTCQX around Nov. 18. The investment bank serves as a DAD and sponsored five OTCQX issuers in the third quarter this year – GigOptix and four companies listed on Canada’s TSX Venture Exchange. Merriman has whittled its operations down to focus on small cap company research and banking,
under a strategy shift announced in early October.
Merriman Co-chairman Jon Merriman said in a statement that it made sense to trade on the OTCQX because the firm was a “strong advocate” of the platform.
“We expect to see our trading liquidity increase as a result of the greater visibility and sponsorship that the QX provides,” he said.
Some OTCQX companies are now showing up in the PIPE market. So far this year, at least 75 OTC companies have raised nearly $773 million in 92 PIPEs. That’s more than the 65 companies that completed at least 78 deals in all of 2010, but less than the roughly $990 million that they raised.
Of all OTC PIPEs completed this year, four U.S. OTCQX companies have raised $26 million in five deals. In 2010 no U.S.-based, OTCQX companies issued PIPEs.
Companies that trade on OTC Markets’
Pink and Grey platforms – the designated
tiers for companies that provide less disclosure, if any at all – are doing fewer PIPEs. Twelve OTC companies that trade on the Pink and Grey platforms have raised $144.8 million in 14 transactions
this year. Over the same period in 2010, 31 Pink and Grey companies took in $308.5 million in 34 PIPEs.
Meanwhile, the number of OTCQB PIPE issuers has climbed to 51 this year compared with 13 over the same 2010 period. Those companies have attracted $565 million in 64 PIPEs to date in 2011, compared with $115.5 million in 14 deals in 2010.
Several OTC companies that have issued PIPEs over the last two years have moved on to national exchanges, including Black Diamond, a Salt Lake City-based maker of mountain-climbing and skiing gear; oil and gas producer Saratoga Resources; and Greenville, S.C., bank holding company Palmetto Bancshares. Coulson envisions that trend growing as the OTCQX attracts more U.S. companies.
“I think a lot of companies are going to use our platform to test the waters and then move up to an exchange when they’re big enough to make it work right,” he said. “The better we do, the better NYSE and Nasdaq are going to do.”
by Joe Gose
Joe Gose may be reached at joe@dealflow.
Joe Gose may
Want To Turn $11,000 into $.001 in Less Than A Year? .... buy CMGR stock. In less than a year, split adjusted, CMGR has dropped from $11,000 to $.001. A few years ago CMGR did have a fantastic rally, in spite of the fact that it is a reverse split offender that does nothing more than print fresh shares of stock on a daily basis.
In this market sometimes the absolute worst stocks rally, and the ones with solid financials languish.
Camelot, Incentive Capital Reach Settlement Agreement on Liberation Film Library Marketwire "Press Releases"
UNIVERSAL CITY, CA -- (MARKET WIRE) -- 11/04/11 -- Camelot Entertainment Group, Inc. (PINKSHEETS: CMGR) ("Camelot") and Incentive Capital LLC ("Incentive") announced today that they have reached a settlement agreement resulting in the dismissal of all legal action between the two companies and several individuals stemming from the acquisition of the Liberation Film Library ("Library") by Camelot in April 2010 .
In accordance with the terms and conditions of the settlement agreement, Incentive will assume complete and immediate ownership of the Library. Camelot Distribution Group will continue as a distributor of the Library through May 31, 2012 .
"We are glad that we have reached an agreement with Incentive that will be of great benefit to both companies," stated Camelot Distribution Group President Jessica Kelly . "This agreement puts an end to the litigation and the distractions the litigation has caused us over the past year. We can now move forward and work with Incentive to market and sell the Library worldwide while we continue to focus on building our business."
"We are very pleased that we have been able to reach an agreement with Camelot that results in our ownership of the Library, which we believe has significant value," commented Incentive's Joseph Pia . "The Library will complement our growing resources in the film and television industry. We are looking forward to working with Camelot as they assist us in the marketing and distribution of the Library."
ABOUT CAMELOT ENTERTAINMENT
Camelot Entertainment Group, Inc. (www.camelotent.com) is a US publicly traded company (PINKSHEETS: CMGR) with four divisions: Camelot Film Group , Camelot Distribution and DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group . Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).
ABOUT INCENTIVE CAPITAL LLC
Incentive Capital, LLC is a media fund that provides financing in film, television, and music, primarily in collateralized transactions involving production tax incentives, distribution advances, presales, mezzanine, and gap finance. With the acquisition of the film library and other media assets, Incentive is expanding its media holdings and presence in finance, distribution, and production.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Contact: Jonathon Russo Camelot Entertainment Group Email Contact (772) 919-8747 Media Contact: Jessica Kelly Camelot Distribution Group Email Contact (818) 308-8858
Source: Camelot Entertainment Group, Inc