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Camelot to Focus on Distributing 12 New Pics AnnuallyCamelot Distribution Group Continues to Add Film and Television Titles to Its Core Film Library (November 07, 2011)
UNIVERSAL CITY, CA -- (Marketwire) -- 11/07/11 -- Camelot Entertainment Group, Inc. (PINKSHEETS: CMGR) ("Camelot") announced today that its Camelot Distribution Group ("CDG") subsidiary plans to select up to 12 new features annually for worldwide distribution, while continuing to bolster its core library through the acquisition of additional library titles and the acquisition of one or more distribution companies which will complement CDG and its genre division, DarKnight Pictures ("DKP").
"We are looking to acquire independent, commercially driven features that have the opportunity to have a worldwide impact," stated CDG Co-President Jessica Kelly. "In addition, we want to continue to add proven titles to our core library that fit into our business model."
CDG will also continue to be a distributor for the recently divested Liberation Film Library, which represented only a portion of the Company's film library. That transaction did not include non-Liberation Film Library titles, including CDG titles such as 'Norman', 'The Perfect Game', 'A Warriors Heart', 'The Gundown', 'Skateland', 'Wiener Dog Nationals', 'Fink', 'Who is KK Downey' and 'Next of Kin'; nor did it include DKP titles such as 'Samurai Avenger', 'First Strike', 'Screwball: The Ted Whitfield Story', 'Never Sleep Again', 'Nude Nuns with Big Guns', and 'National Lampoon's Dirty Movie', among other titles.
"We want to focus on selecting up to 12 new titles annually, so that we can devote all of our resources to making sure that each title we select has the best opportunity to succeed in a very competitive marketplace," Kelly added. "Our relationship with our producing partners is very important to us. It is also critical for us to maintain and expand our core library with proven library titles so we can continue to meet the content requirements of the buyers."
ABOUT CAMELOT ENTERTAINMENT
Camelot Entertainment Group, Inc. (www.camelotent.com) is a US publicly traded company (PINKSHEETS: CMGR) with four divisions: Camelot Film Group, Camelot Distribution Group and its genre division, DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
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