BEVERLY HILLS, CA -- Nov 13, 2007 -- Empire Film Group, Inc. (Other OTC:EFGU.PK - News) ("Empire Film") (http://www.empirefilmgroup.com) is pleased to announce it has acquired a significant ownership stake in Network Productions Inc. ("Network").
Network Productions Inc. is a leading Latin Television production company which has produced the wildly popular 'Latin Models of the World' franchise. Network Productions and its associates produce both English and Spanish content programming and this year will produce the 20th anniversary instalment of 'Latin Models of the World.'
Empire Film, which has acquired a 40 percent interest in Network Productions, will help the Company reinvent the 2008 version of 'Latin Models of the World' as 'New Models of the World.'
"We are extremely pleased to be able to acquire an interest in Network Productions Inc. at this time,"; stated Empire Film Group CEO, Dean Hamilton Bornstein. "We have already started pre-production on New Models of the World where the freshest faces, the hottest styles and the most exotic destinations in the world will be brought to the television screens of millions of viewers around the world including those in the United States where American viewers will participate in a truly worldwide event."
About Empire Film Group, Inc.
Empire Film Group, Inc. ("EFG") is a new independent film finance, production, and distribution company led by a management team with over 20 years of experience in development, production, distribution, finance and marketing of feature films and television programming. The group has filmed in various locations worldwide including the United States, Canada, the Caribbean, Central and South America and Europe. The Company has the unique financing advantage of being able to receive Canadian subsidies, tax incentives, rebates and financing through its ability to produce Canadian Content film and television projects.
Learn more about Empire Film Group by visiting www.empirefilmgroup.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes,"; "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
Contact:
COMPANY CONTACT:
Empire Film Group, Inc.
433 N. Camden Drive
Suite 600
Beverly Hills, CA 90210
info@empirefilmgroup.com
INVESTOR RELATIONS:
http://www.agoracom.com/IR/EmpireFilm
EFGU@agoracom.com
