Seven Arts Entertainment Inc. Announces Commencement Of Negotiations For Corporate Combination And Appointment Of Beaufort Securities As Investment Advisor
LOS ANGELES, Aug. 26, 2013 /PRNewswire/ -- Seven Arts Entertainment Inc. (OTCQB: SAPX) ("Seven Arts" or the "Company") announced today that it has commenced negotiations for a corporate combination with a New York investor group which would result in the addition of substantial additional assets to the Company in return for its restricted securities. The Company has appointed Beaufort Securities of London, England as its advisor in this negotiation. The Company currently believes that it will be able to announce definitive terms of a potential agreement within the next 20 days.
About Seven Arts Entertainment Inc:
Seven Arts Entertainment Inc. was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
Cautionary Information Regarding Forward-Looking Statements:
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of August 26, 2013. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
Seven Arts Entertainment Inc.
SOURCE Seven Arts Entertainment Inc.