Rangemore Film Productons identifies Saipan studio sites
MIAMI BEACH, FL, Dec. 3, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) announces it has identified four potential sites in Saipan and are currently qualifying which site will be most viable for the Rangemore Film Productions brand after a recent trip by company representative, Andrew McLaughlin to the US territory. Rangemore is focused on the Asian film and media market and has been courting potential locations to expand its business in 2014.
"With a lot of planning and preparation done by Marianas Living agents, Del Benson and Cherry Lumbana, we were able to gain access to numerous sites to tour, gather information and identify the available properties which would best meet the needs of Rangemore's business in the coming years. Saipan is a gem in the Pacific and has a lot to offer in terms of locations and support for the film business and gives our Company an excellent opportunity to penetrate the exploding film and media business in the neighboring Asian countries. 'Hafa Adai, Saipan!'", stated Mr. McLaughlin.
Saipan is the capital of the Central Northern Marianas Islands, an unincorporated territory of the United States of America located 120 miles north of Guam, 3711 miles west of Hawai'i and 1460 miles southeast of Japan.
Marianas Living is based locally in Saipan and has Real Estate and Investment Services for Saipan and the surrounding islands. Their website is www.MarianasLiving.com
About Rangemore Film Productions Corp. (Formerly Auctions International
Rangemore Film Productions Corp. is a publicly traded company in the business of operating film studios and investing in independent film productions.
Rangemore is currently in the process of identifying and acquiring studio suitable properties in four key markets: Asia; South Africa; Europe and North America. Potential acquisition sites will have to meet certain criteria including: a low cost per square foot; easy conversion into usable studio space; established local infrastructure; establish local film industry; limited or non-existent competition; available government tax incentives and mortgage financeable. The identified acquisitions will be either purchased outright utilizing debt funding and tax credit incentive programs or leased on a long term basis.
Along with the studio operations, Rangemore will be actively investing in and co-producing independent film productions. Currently Rangemore has a preliminary agreement to participate in the royalties of an independent film production being developed in the United Kingdom and a 13 episode cartoon series.
Rangemore Film Productions Corp. is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
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 Rangemore Film Productions Corp.'s filings with OTCMarkets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE Rangemore Film Productions Corp.