MIAMI BEACH,
FL, Dec. 3, 2013 /PRNewswire/
- Rangemore Film Productions Corp. ("Rangemore")
(OTCPINK:RANF) announces it has identified four potential sites
in Saipan and are currently qualifying which site will be most
viable for the Rangemore Film Productions brand after a recent trip
by company representative, Andrew
McLaughlin to the US territory. Rangemore is focused
on the Asian film and media market and has been courting potential
locations to expand its business in 2014.
"With a lot of planning and preparation done by
Marianas Living agents, Del Benson
and Cherry Lumbana, we were able to gain access to numerous sites
to tour, gather information and identify the available properties
which would best meet the needs of Rangemore's business in the
coming years. Saipan is a gem in the Pacific and has a lot to
offer in terms of locations and support for the film business and
gives our Company an excellent opportunity to penetrate the
exploding film and media business in the neighboring Asian
countries. 'Hafa Adai, Saipan!'", stated Mr.
McLaughlin.
Saipan is the capital of the Central Northern
Marianas Islands, an unincorporated territory of the United States of America located 120 miles
north of Guam, 3711 miles west of
Hawai'i and 1460 miles southeast of Japan.
Marianas Living is based locally in
Saipan and has Real Estate and Investment Services for
Saipan and the surrounding islands. Their website
is www.MarianasLiving.com
About Rangemore Film Productions Corp. (Formerly Auctions
International Inc.)
Rangemore Film Productions Corp. is a publicly traded company in
the business of operating film studios and investing in independent
film productions.
Rangemore is currently in the process of
identifying and acquiring studio suitable properties in four key
markets: Asia; South Africa; Europe and North
America. Potential acquisition sites will have to meet
certain criteria including: a low cost per square foot; easy
conversion into usable studio space; established local
infrastructure; establish local film industry; limited or
non-existent competition; available government tax incentives and
mortgage financeable. The identified acquisitions will be
either purchased outright utilizing debt funding and tax credit
incentive programs or leased on a long term basis.
Along with the studio operations, Rangemore will
be actively investing in and co-producing independent film
productions. Currently Rangemore has a preliminary agreement
to participate in the royalties of an independent film production
being developed in the United
Kingdom and a 13 episode cartoon series.
Rangemore Film Productions Corp. is a
Development Stage Company, as defined by Financial Accounting
Standards Board ("FASB") Accounting Standards Codification ("ASC")
915, Development Stage Entities, and has not yet generated
significant revenues from their intended business activities.
Forward Looking Statements
Except for the historical information contained
herein, the matters discussed in this press release are
forward-looking statements. Actual results may differ materially
from those described in forward-looking statements and are subject
to risks and uncertainties. See Rangemore Film Productions Corp.'s
filings with OTCMarkets which may identify specific factors that
may cause actual results or events to differ materially from those
described in the forward-looking statements.
SOURCE Rangemore Film Productions Corp.