Ticker symbol in first graph, first sentence of release
should read Pink Sheets:ACRM (sted Pink Sheets:ARCM).
The corrected release reads:
ARCHER ENTERTAINMENT MEDIA COMMUNICATIONS SIGNS LETTER OF INTENT TO ACQUIRE ALPHA D-CINEMA UNIT
Archer Entertainment Media Communications, Inc. (Pink Sheets:ACRM) announced today that it has signed a letter of intent to acquire Shenzhen, China-based Creations Technology Development Company, Limited's Alpha D-Cinema unit, including all of its rights, titles and interest in its approvals and contracts, and joint ventures to convert movie theaters in China to Digital Projection Format and related businesses.
Archer's A-China Entertainment Division will initially focus on China-wide D-Cinema conversions, development and construction of digital cinemas, the development and construction of digital cinema data transmission system infrastructure and the development and expansion of digital cinema related businesses, as well as to provide businesses and services related to the production and development of domestic digital films.
A joint venture corporation is being set up in Beijing in order that the parties may take full advantages of their respective strengths, meet market demands and achieve projected economic returns.
Archer Entertainment Media Communications Inc. is a vertically integrated entertainment and media company engaged in the acquisition, testing and installation of digital cinema equipment, including digital conversion equipment from vendors in the United States, Europe and Asia. Archer Entertainment Media conducts research and development of technology and systems conversions related to the reconstruction of movie theaters and multi-cinema complexes to digital format. Through four wholly owned subsidiaries, Archer Entertainment Media is fast becoming the world leader in eliminating piracy and violations of international intellectual property rights through the secure delivery, distribution and exhibition of digital content from domestic, Western and international providers, including film, theater, live music and sporting events.
Creations Technology Development Company, Limited is a privately held Chinese company registered in Shenzhen, China, with interests in real estate sales and development, commercial publishing, Internet technology development and related consulting services.
Safe Harbor:
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. Archer Entertainment Media Communications Incorporated's acquisition of Creations Technology Development Company Limited's D-Cinema Unit is subject to continued due diligence and there can be no assurance that its acquisition of CTDC will be completed, or if completed, if it will be completed timely. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the entertainment industries and prevailing economic conditions in general.
The corrected release reads:
ARCHER ENTERTAINMENT MEDIA COMMUNICATIONS SIGNS LETTER OF INTENT TO ACQUIRE ALPHA D-CINEMA UNIT
Archer Entertainment Media Communications, Inc. (Pink Sheets:ACRM) announced today that it has signed a letter of intent to acquire Shenzhen, China-based Creations Technology Development Company, Limited's Alpha D-Cinema unit, including all of its rights, titles and interest in its approvals and contracts, and joint ventures to convert movie theaters in China to Digital Projection Format and related businesses.
Archer's A-China Entertainment Division will initially focus on China-wide D-Cinema conversions, development and construction of digital cinemas, the development and construction of digital cinema data transmission system infrastructure and the development and expansion of digital cinema related businesses, as well as to provide businesses and services related to the production and development of domestic digital films.
A joint venture corporation is being set up in Beijing in order that the parties may take full advantages of their respective strengths, meet market demands and achieve projected economic returns.
Archer Entertainment Media Communications Inc. is a vertically integrated entertainment and media company engaged in the acquisition, testing and installation of digital cinema equipment, including digital conversion equipment from vendors in the United States, Europe and Asia. Archer Entertainment Media conducts research and development of technology and systems conversions related to the reconstruction of movie theaters and multi-cinema complexes to digital format. Through four wholly owned subsidiaries, Archer Entertainment Media is fast becoming the world leader in eliminating piracy and violations of international intellectual property rights through the secure delivery, distribution and exhibition of digital content from domestic, Western and international providers, including film, theater, live music and sporting events.
Creations Technology Development Company, Limited is a privately held Chinese company registered in Shenzhen, China, with interests in real estate sales and development, commercial publishing, Internet technology development and related consulting services.
Safe Harbor:
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. Archer Entertainment Media Communications Incorporated's acquisition of Creations Technology Development Company Limited's D-Cinema Unit is subject to continued due diligence and there can be no assurance that its acquisition of CTDC will be completed, or if completed, if it will be completed timely. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the entertainment industries and prevailing economic conditions in general.
© 2006 Business Wire
