Cre8tive Works enters into formal agreement to acquire assets of Insight Media
MIAMI BEACH, FL, June 3, 2014 /PRNewswire/ - Cre8tive Works, Inc. ("Cre8tive") (OTC:FILM) announces that subsequent to the press release of May 20, 2014, Cre8tive has entered into a formal agreement to acquire all of the assets of InSight Media. It is expected that the formal agreement will close on or before June 15, 2014.
"We are very pleased at how quickly we were able to come to terms and enter into a formal purchase agreement" stated Andrew McLaughlin, CEO of Cre8tive. "We are very much looking forward to closing the transaction in a timely manner and commencing the development of the acquired assets", continued Mr. McLaughlin.
About InSight Media & Cannabis Café
InSight Media was conceived by seasoned film industry professional Hal Lewis, an integral production team member of the 2011 Academy Award winning Best Film "The Artist". Hal's vision and foresight of filming meaningful and provocative interviews of patients thriving on cannabis therapy was substantiated when CNN and Sanjay Gupta delivered the message in primetime, and laws were changed making high CBD marijuana strains available in several states. Cannabis Café TV http://www.cannabiscafetv.com/ is an online portal and gateway into the legal issues, medicinal values and entertainment programming revolving around cannabis. InSight Media has produced a portfolio of in-house shows related to the cannabis industry including: "The Grow Show", "The Medicinal Minute", and "Cooking With Cannabis" which are available for viewing at www.cannabiscafetv.com. InSight Media is currently in discussions for a reality show concept it has developed as well as a low budget feature based in the cannabis sector.
About Cre8tive Works, Inc.
Cre8tive Works, Inc. is a Miami Beach based company that specializes in the financing of compelling, production ready, independent films and documentaries. Our mandate is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return for our shareholders. Cre8tive Works, Inc. is a publicly traded company having its common shares quoted on the OTC Markets under the symbol FILM.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Cre8tive Works, Inc.'s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE Cre8tive Works, Inc.