MIAMI BEACH, FL, May 28, 2014 /PRNewswire/ - Cre8tive Works, Inc. ("Cre8tive") OTC:FILM (Pink Sheets) announces that effective May 23, 2014, 4,592,200 of Cre8tive's common stock was returned to treasury reducing the total issued and outstanding common shares of Cre8tive down to 30,716,668.
"In preparation of the audit, we did a thorough review of the shareholder list" stated Richard Smith, Secretary & Treasurer of Cre8tive. "We found that there were a number of issuances relating to past transactions that had not closed. Management agreed to return these shares to treasury as there was no likely hood of these transactions closing. None of the shares cancellations involved have anything to do with any current pending transaction under our current business model. ", continued Mr. Smith.
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.