MC Endeavors, Inc./Room 21 Media, Inc. (MSMY) Announces Letter of Intent to Acquire New Production Studios for TheShare.TV
April 19 2018 - 9:30AM
Final Agreement to Provide New Offices and New Production
Studios
Beverly Hills, Calif., April 19, 2018 (GLOBE NEWSWIRE) -- MC
Endeavors, Inc. (MSMY), an innovator in social commerce platforms,
is committed to becoming a leading global social commerce company
that utilizes a single core platform, Room 21™, to produce,
distribute and monetize online communities for individuals and
businesses that interact with industries ranging from industrial
business to healthcare to entertainment.
Management is proud to announce that the company officially
entered into negotiations to acquire its own network studio
production facility in Laguna Hills, CA. Mr. Stippick, CEO,
states “We are a digital media company and with this studio
agreement, our company will save months of valuable time and
millions of dollars in equipment. Given our wide range of
capabilities, it is natural for MC Endeavors/Room 21 Media to
acquire its own studios, production teams, copy writers, and
editors to create its own content for TheShare.TV and to produce
commercials, infomercials, and video educational content for our
clients with greater profitability and quality. Given that all
social platforms such as Facebook, SnapChat, Instagram, Twitter,
YouTube, and Google Plus utilize both live video and taped
broadcast, this is a strategic decision that will powerfully enable
our company to become a major content producer. Finally, given that
TheShare.TV is a wholly owned subsidiary with its own revenues,
contracts, and cost centers, management felt that Room 21 Media
needed to own its own studios to ensure that Production agreements
generated by TheShare.TV would be awarded to the parent company at
a comparable price and quality as if delivered by the larger
studios. This ensures that monies generated by TheShare.TV can and
will be spent with Room 21 Media studios providing production.”
Our management will be releasing finalized information regarding
the final terms of this agreement and additional distribution
partners with the anticipated revenue streams for MC Endeavors,
Inc./Room 21 Media.
For further information contact:
John Stippick
CEO
MC Endeavors, Inc/Room 21 Media
Phone: (310) 986-6373
E-mail: johns@room21media.com
Safe Harbor Statement - In addition to historical information, this
press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained in this press release include the intent,
belief, or expectations of the Company and members of its
management team with respect to the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability, and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company's business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company's
website. The Company disclaims any responsibility to update any
forward-looking statements.
SOURCE MC Endeavors, Inc
RELATED LINKS
http://www.room21media.com
https://www.facebook.com/room21media
https://twitter.com/room21media
https://instagram.com/room21media
https://youtu.be/7PiJNtpXzG0
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