FORT LAUDERDALE, Fla., Dec. 12, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (MVES) www.themoviestudio.com has completed corporate actions in preparation of the launch of the Company's vertically integrated 2019 business plan and proposed use of proceeds as detailed in the Company’s qualified Regulation 1-A+ (Reg 1-A+) filing with the Securities and Exchange Commission. The offering was qualified on December 10, 2018.
Throughout 2018, MVES has been working to complete the Form 1-A+ necessary to qualify a Reg 1-A+ Offering, which as mandated by the JOBS Act and introduced on March 25, 2015, which gives non-SEC reporting companies the ability to raise up to $50,000,000 in a 12-month period.
In addition to the registration statement, the Company has effectuated a 1:250 Reverse Stock Split with NASDAQ/FINRA declared effective on September 11th, 2018 reducing the number of outstanding shares of MVES and significantly tightening the Company float of MVES common shares. As of December 11th, 2018, MVES currently has 27,762,498 common shares issued and outstanding.
Based on the foregoing, The Movie Studio, Inc. (MVES), has currently formed numerous Strategic Partnerships and Indication of Interests to participate in equity participation of MVES and has qualified the necessary number of shares under Reg 1-A+ through an offering statement (Form 1-A).
"Following a successful round of funding, combined with the new capitalization structure, it is the Company’s short-term plan to execute on its business plan as outlined in the Reg 1-A+ and look to monetize on the cumulated assets of MVES, acquisition of new assets/film libraries, newly produced motion picture content, white labeled subscription based website and geo-fracturing motion picture licenses of MVES server based content that will provide analytics and big data metrics to MVES titles now and beyond," Gordon Venters, President/CEO of The Movie Studio, Inc. stated today.
About The Movie Studio: The Movie Studio, Inc. is a vertically integrated motion picture production and distribution company. It acquires, develops, produces and distributes independent motion picture content for worldwide consumption in theatrical, video on demand (VOD), foreign sales and on various media devices. The Movie Studio, Inc. is disrupting traditional media content delivery systems with its digital business model of motion picture distribution and intends direct server access of its content with geo-fractured territories for worldwide distribution. The Movie Studios latest releases are available on Showtime, Comcast and Amazon Prime. The company was formerly known as Destination Television, Inc. and changed its name to The Movie Studio, Inc. in November 2012. The Movie Studio, Inc. was founded in 1961 and is based in Fort Lauderdale, Fla.
The Movie Studio, Inc. is currently involved with substantial new feature film projects, music videos, television shows and other intellectual properties.
For information on the Company, please visit our website at www.themoviestudio.com
This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities was filed with the Securities and Exchange Commission and was qualified on December 10, 2018. You may obtain a copy of the offering circular contained in the offering statement from the Company. You should read the offering circular carefully before making any investment.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Movie Studio, Inc.
Gordon Scott Venters
President and CEO
2598 East Sunrise Blvd.
Ft. Lauderdale, Florida 33304
Telephone: 954-332-6600 | Fax: 954-440-7818