IRVINE, Calif., June 10, 2013 /PRNewswire/ -- Camelot
Entertainment Group, Inc. (OTC: CMGR) ("Camelot") announced today
that it has retired and returned to treasury 14,370,438,116 shares
of its common stock. As a result, the Company now has 5,750,000,000
shares of common stock issued and outstanding. The total
non-restricted shares held, including those non-restricted shares
held by affiliates that are not currently available for resale,
were 2,126,294,556 (including those held in CEDE). Thus far in 2013
Camelot has retired a total of 16,250,000,000 shares of its common
stock. The reduction in outstanding shares is part of an overall
rebuilding of the company's infrastructure as it works on bringing
its public filings current. Further information can be found in
Camelot's 8-K filing with the Securities and Exchange Commission at
www.sec.gov, at www.otcmarkets.com and on the Company's website at
www.camelotent.com.
About Camelot Entertainment Group, Inc.: Camelot Entertainment
Group, Inc. is a US publicly traded company (symbol "CMGR") with
three major divisions: Camelot Film Group, including Camelot
Distribution Group, Camelot Studio Group and Camelot Media Services
Group. Camelot is building a different kind of motion picture
studio infrastructure by redefining the development, financing,
production, and distribution process. For information about Camelot
Entertainment Group, Inc., please visit our web site at
www.camelotent.com.
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 our 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 Camelot's
current expectations and speak only as of the date made. The
Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on
which they are made.
Contact:
Jonathon Russo
Camelot Entertainment
stockholders@camelotfilms.com
(772) 919-8747
Media Contact:
Camelot Distribution
info@camelotfilms.com
(323) 956-2020
SOURCE Camelot Entertainment Group, Inc.