Camelot Entertainment Group Accelerates Acquisition Activity
September 29 2008 - 9:30AM
PR Newswire (US)
Negotiations Underway for First Two Acquisitions ALISO VIEJO,
Calif., Sept. 29 /PRNewswire-FirstCall/ -- Camelot Entertainment
Group, Inc. (OTC:CMLT) (BULLETIN BOARD: CMLT) ("Camelot") announced
today that it has commenced negotiations to acquire two
distribution companies, one which specializes in domestic
distribution and one which specializes in foreign distribution.
Camelot expects to have letters of intent in place for both
acquisitions early in the fourth quarter. These are the first in a
series of acquisitions Camelot intends to pursue as the company
continues to implement its business model. The planned acquisitions
are part of Camelot's shift in its operating focus to production
and distribution activities through its Camelot Film Group
division. With the operating focus now shifting to the film group,
Camelot is ramping up its production and distribution operations
during the fourth quarter of 2008. About Camelot Entertainment
Group, Inc.: Camelot Entertainment Group, Inc. is a US publicly
traded company (symbol "CMLT") with three major divisions: Camelot
Film Group, Camelot Studio Group and Camelot Production Services
Group. Camelot is building a different kind of motion picture
studio infrastructure by redefining the development, financing,
production, and distribution process. Creating a world where
filmmaking dreams come true, Camelot integrates early studio
models, education, new technologies and fiscal responsibility to
acquire, develop, finance, produce, market and distribute high
quality commercial motion pictures, television and digital media.
For general information about Camelot Entertainment Group, Inc.,
please visit the Company's web site at
http://www.camelotfilms.com/. NOTES ABOUT FORWARD-LOOKING
STATEMENTS Except for any historical information contained herein,
the matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's Securities and Exchange Commission
Reports and Filings. Certain Statements contained in this release
that are not historical facts constitute forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995, and are intended to be covered by the safe
harbors created by that Act. Reliance should not be placed on
forward looking statements because they involve unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to differ materially from those
expressed or implied. Forward looking statements may be identified
by words such as estimates, anticipates, projects, plans, expects,
intends, believes, should and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date
made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date on which they are made. CONTACT: Camelot Entertainment
Group Investor Relations: (949) 334-2950 DATASOURCE: Camelot
Entertainment Group, Inc. CONTACT: Camelot Entertainment Group
Investor Relations, +1-949-334-2950, Web Site:
http://www.camelotfilms.com/
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