Destination Television, Inc. Receives Name Change to the Movie Studio, Inc. & Receives New Stock Ticker Symbol & Expands Its ...
June 18 2014 - 7:00AM
Business Wire
Destination Television, Inc. has received a name change to The
Movie Studio, Inc. (Pink Sheets: MVES) with the financial markets
and receives a new stock ticker symbol completing the final optics
of the development and transition of the Company into a motion
picture development, production and distribution company.
The Company has expanded its authorized shares by a majority of
shareholder consents from two hundred million to seven hundred and
fifty million shares to develop intellectual properties and
facilitate growth and acquisition strategies and maintain currency
shares in treasury stock.
“We are excited about this major step in the development of the
Company and completes the transition from our legacy operations and
a symbol that represents our entry into the movie business for the
long term," Gordon Scott Venters the President and CEO stated
today.
The Movie Studio, Inc., an integrated motion picture production
company, develops, manufactures, and distributes independent motion
picture content for worldwide consumption on various devices. The
company intends to manufacture independent content, including indie
movies with relevant movie stars and indie soundtracks with
substantial fan bases. It also provides locations digital plates
and green screen application for use in movies, commercials, for
the location, web-applications, and print. The company was formerly
known as Destination Television, Inc. and changed its name to The
Movie Studio, Inc. in November 2012. The Company was founded in
1961 and is based in Fort Lauderdale, Florida.
For information on the Company, please visit our website
at www.the-movie-studio.com
This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially
from actual future events or results, specifically in the areas of
future sales growth and profitability. Forward-looking statements
are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified. Future events and actual results
could differ materially from those set forth in, contemplated by,
or underlying the forward-looking statements. The risks and
uncertainties to which forward-looking statements are subject
include, but are not limited to, the effect of government
regulation, competition and other material risks.
The Movie Studio, Inc.Gordon Scott Venters,
954-332-6600President/CEO
Movie Studio (PK) (USOTC:MVES)
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