MIAMI BEACH, FL, June 3, 2014 /PRNewswire/ - Cre8tive
Works, Inc. ("Cre8tive") (OTC:FILM) announces that subsequent
to the press release of May 20, 2014,
Cre8tive has entered into a formal agreement to acquire all of the
assets of InSight Media. It is expected that the formal agreement
will close on or before June 15,
2014.
"We are very pleased at how quickly we were able to come to
terms and enter into a formal purchase agreement" stated
Andrew McLaughlin, CEO of
Cre8tive. "We are very much looking forward to closing the
transaction in a timely manner and commencing the development of
the acquired assets", continued Mr. McLaughlin.
About InSight Media & Cannabis Café
InSight Media
was conceived by seasoned film industry professional Hal Lewis, an integral production team member of
the 2011 Academy Award winning Best Film "The Artist". Hal's
vision and foresight of filming meaningful and provocative
interviews of patients thriving on cannabis therapy was
substantiated when CNN and Sanjay
Gupta delivered the message in primetime, and laws were
changed making high CBD marijuana strains available in several
states. Cannabis Café TV http://www.cannabiscafetv.com/ is an
online portal and gateway into the legal issues, medicinal values
and entertainment programming revolving around cannabis. InSight
Media has produced a portfolio of in-house shows related to the
cannabis industry including: "The Grow Show", "The Medicinal
Minute", and "Cooking With Cannabis" which are available for
viewing at www.cannabiscafetv.com. InSight Media is currently
in discussions for a reality show concept it has developed as well
as a low budget feature based in the cannabis sector.
About Cre8tive Works, Inc.
Cre8tive Works, Inc. is a
Miami Beach based company that
specializes in the financing of compelling, production ready,
independent films and documentaries. Our mandate is to identify
projects that strike a balance between artistic integrity and
commercial viability for the international market and to develop
strong relationships with independent filmmakers that will assist
them in bringing their vision to fruition while ensuring a solid
financial return for our shareholders. Cre8tive Works, Inc. is
a publicly traded company having its common shares quoted on the
OTC Markets under the symbol FILM.
Corporate Webpage: www.Cre8tiveWorks.net
Facebook: www.facebook.com/Cre8tiveWorksInc
Twitter:
twitter.com/Cre8tive_Works
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 Cre8tive
Works, Inc.'s filings with OTC Markets, which may identify specific
factors that may cause actual results or events to differ
materially from those described in the forward-looking
statements.
SOURCE Cre8tive Works, Inc.