LOS ANGELES, CA--(Marketwired - Jul 8, 2013) - Writers' Group Film Corp. (
The Amiga Games Inc. transaction consists of the acquisition of 100% of the common stock in Amiga Games Inc. in exchange for Writers' Group common stock and cash valued at approximately $500,000. The 300+ gaming titles to be distributed by Amiga Games are available to the company under existing licensing agreements with various intellectual property owners. Writers' Group will be making additional announcements over the next several weeks regarding Amiga Games' new and existing distribution arrangements with the best-selling smartphone, tablet and other device manufacturers.
Eric Mitchell, Chairman and CEO of Writers' Group commented, "We are pleased to be working with this well-managed game developer and distributor, and we are excited that we are participating in their growth story through this acquisition. We believe Amiga Games has an established value proposition that can enhance both revenues and returns to our bottom line."
Cautionary Note Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company's latest 10-Q filed February 14, 2013. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Companies: WRITERS' GROUP FILM CORP., AMIGA GAMES INC.
- Consumer Discretionary
- Arts & Entertainment
- Amiga games