HRH Prince Faisal S. Al Saud Joins Hollywood Studios International
June 03 2008 - 9:30AM
Marketwired
BEVERLY HILLS, CA CEO Sir Steven Saxton announced today that the
Company has signed a Memorandum of Understanding with His Royal
Highness Prince Faisal S. Al Saud of the Saudi Arabian royal
family. The MOU, signed in Paris, France, outlines the objectives
of the partnership, including Prince Faisal's best efforts
regarding the ongoing capitalization of the Company, the formation
of a production label and several charity initiatives. The MOU
calls for a long term relationship to build a world class
international studio encompassing artist management, production and
content distribution, with in-house financing capabilities though a
series of film funds. Prince Faisal will also be involved in the
creative process and day to day operation of the Company.
About HRH Prince Faisal S. Al Saud
HRH Prince Faisal S. Al Saud is a member of the Saudi Arabian
royal family. His Royal Highness was educated in Riyadh, Jeddah,
several fine arts institutions in Europe, and Cambridge. His talent
and accomplishments as a painter have resulted in gallery exhibits
in London, Paris, Geneva, Vienna, Beirut, and Riyadh. His
successful business holdings range from construction to special
events, but his true passion lies with cinema, music, and the arts.
His vast endeavors will soon include multiple charitable
organizations that leverage his passion for the arts to take on the
world's biggest challenges.
About Hollywood Studios International
Hollywood Studios International (www.hsifilms.com), an
entertainment holding company, exists to create award-winning
entertainment which succeeds both artistically and commercially
through the inherent synergies of combining elements of a
traditional studio system with the structure of artist management.
Upon completion of the current round of private funding, the
Company plans to file appropriate paperwork to begin trading in the
US (PINKSHEETS: HYWS) . Current subsidiaries and divisions include
Artist International Management, Doc Hollywood Kidz/Records, and
Bop City Records. The Company has announced the acquisition of a
film production/international distribution company and is currently
structuring the financing to complete the acquisition.
Forward-Looking Statements:
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that all
forward-looking statements involve risks and uncertainties.
Although Hollywood Studios International believes that the
assumptions underlying the forward-looking statements contained
herein are reasonable, any assumption could be inaccurate, and
therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion should
not be regarded as a representation by the Company or any other
person that the objective and plans of the Company will be
achieved.
Contact: US: Joel Newton (310) 358-9007 press@hsifilms.com
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