Cre8tive Works enters into letter of intent to acquire assets of Insight Media
MIAMI BEACH, FL, May 20, 2014 /PRNewswire/ - Cre8tive Works, Inc. ("Cre8tive") (OTCPINK:FILM) announces that it has entered into a letter of intent to acquire all of the assets of InSight Media. InSight Media is a multi faceted entertainment company whose core business is the production and distribution of videos and streaming websites relating to the cannabis industry. The management of Cre8tive recognizes that the cannabis industry is poised for exponential growth and by acquiring these assets it will position Cre8tive to become a leader in the development and distribution of cannabis related media. The main focus will be the development of Cannabis Café TV with the intent of it becoming a recognized destination for programs on:
- General information on cannabis
- Legal implications and updates
- Medical and health related issues
- Feature Films
The InSight Media assets purchase will allow Cre8tive to capitalize on the interest the investment community is showing in cannabis and cannabis related companies while still developing its core business of funding non-cannabis related television and film projects. In addition, Cannabis Café TV will generate ongoing revenue quickly through advertising and sponsorship programs.
"This is a very unique opportunity" stated Andrew McLaughlin, CEO of Cre8tive. "By acquiring InSight Media's assets we are positioning ourselves to become a leader in the production and distribution of cannabis related media. With the legalization of marijuana comes a major opportunity to provide subject specific content to a potentially vast audience. Through Cannabis Café TV we plan to provide the general public with information that is factual, timely, and professionally presented while remaining entertaining", 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 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.