Empire Post Media, Inc. Address Stock Volume and Price Activity
March 30 2012 - 6:33PM
Marketwired
Empire Post Media, Inc. (OTCQB: EMPM) (OTCBB: EMPM) announces that
it has initiated a review, through its outside counsel, in
connection with the high volume of trading and price rise in its
common shares on the OTC Bulletin Board. Although the company
welcomes new investors which could result in a price appreciation,
it should be noted that no awareness program has been initiated
and/or paid for by the officers, directors, affiliates or employees
of Empire.
Furthermore, no shares held by current Empire officers,
directors, affiliates or employees are being sold into the market
as all of their shares are restricted from trading under applicable
federal securities laws.
Empire currently has multiple projects in development, including
two that are being spearheaded by the Company's senior production
executive, Brian Trenchard Smith: an educational documentary based
on Custer's Last Stand, being done as a joint venture with 180
Films, and an action-adventure treasure hunter feature film based
on the search for gold buried by the Japanese during World War II.
Empire is also producing an interactive Golf E-Book based on the
English TV/DVD show, "A Fairway to Heaven."
In addition, the Company's wholly owned subsidiary,
Hybrid-Reality Entertainment, is developing several reality
television programs, including "Journey Beyond," based on psychic
and paranormal experiences; "On the QT," based on the true
adventures of private investigator Tawni Tyndall; "Past Lives of
Famous People," featuring psychic channeler and reincarnation
expert Linda Freud; "New Miracle Medicine," based on life-saving
21st century medical technologies; and "3D World," a magazine show
covering the latest developments and content in 3D.
Empire has established several financing sources to support
production of these projects, including a previously-announced $1.5
million facility, which funds are currently on deposit.
The Company is working to develop other third party financing
sources that protect the Company's ownership interests and revenue
potential.
Empire suggests that potential investors who are interested in
current information about the Company to consider only information
issued directly by the Company in filings with the SEC, and press
releases published by the Company. We also recommend that all
potential shareholders refer to the Company website at:
www.empirepostmedia.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words "believe," "anticipate,"
"intend," "estimate," "forecast," "project," "plan," "potential,"
"will," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Contact: Peter Dunn CEO Empire Post Media, Inc. Tel. # 310
351-6660