TORONTO, Nov. 27 /PRNewswire-FirstCall/ -- LiveReel Media Corporation ("LiveReel" or "the Company") announced today that its board of directors authorized management to revise its short term investment strategy with respect to excess cash in its business.
Management has been authorized to invest a portion of its cash on hand in exchange traded securities. The Company currently has approximately $1.4MM (CDN) in cash on hand.
About LiveReel
LiveReel is a film and television production, finance and distribution company, which develops highly commercial and artistic projects that are international in both scope and content. Strong industry relations form the foundation for co-production ventures. LiveReel facilitates industry financing, production and distribution of its projects. LiveReel is publicly traded on the OTC Bulletin Board under the ticker symbol OTCBB:LVRLF.
Forward looking statement disclaimer
Except for historical information contained herein, the matters discussed in this press release are based on forward looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, and governmental factors affecting the company's operations, markets, products, prices and other factors.
