MIAMI BEACH, FL, July 15, 2014 /PRNewswire/ - Cre8tive Works, Inc. (the "Company") (OTC Pink:FILM) would like to announce that it has completed an extensive internal review of all books and records and has now instructed council to begin preparation of a Form S-1 to become fully reporting with the U.S. Securities and Exchange Commission. Management felt that it was in the interest of time efficiency and cost effectiveness to do an internal review prior to engaging council to commence the S-1 process. The internal review included a detailed forensic analysis of all books and records including but not limited to:
- By laws
- Director and officer appointments
- Share issuances and cancellations
- Private placement agreements
- All material agreements including:
- Merger agreements
- Asset purchase agreements
- Debt settlement agreements
- Consulting agreements
- Bank statements and cancelled checks
- Paid and unpaid supplier invoices
- Employee expense reports
- Trading history
- Shareholder lists and NOBO Reports
- Press releases
Management is confident that the books and records are now up to standard and will pass review. The external financial statement preparation and audit will be commencing shortly and will run parallel to the preparation of the Form S-1.
"The internal review process was very thorough and time consuming" stated Richard Smith, Secretary & Treasurer of Cre8tive Works, Inc. "We went right back to 2003 for both Rangemore Productions and Rangemore Film Productions and looked at every single transaction to make sure that that everything was justified and properly documented. We felt that we needed to do this to have confidence in the materials being presented to council to ensure that the audit and S-1 processes move forward in a smooth and timely manner" continued Mr. Smith.
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.
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.