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Empire Post Media, Inc. Address Stock Volume and Price Activity(March 30, 2012)
CALABASAS, CA -- (Marketwire) -- 03/30/12 -- Empire Post Media, Inc. (OTCQB: EMPM) (OTCBB: EMPM) announces that it has initiated a review, through its outside counsel, in connection with the high volume of trading and price rise in its common shares on the OTC Bulletin Board. Although the company welcomes new investors which could result in a price appreciation, it should be noted that no awareness program has been initiated and/or paid for by the officers, directors, affiliates or employees of Empire.
Furthermore, no shares held by current Empire officers, directors, affiliates or employees are being sold into the market as all of their shares are restricted from trading under applicable federal securities laws.
Empire currently has multiple projects in development, including two that are being spearheaded by the Company's senior production executive, Brian Trenchard Smith: an educational documentary based on Custer's Last Stand, being done as a joint venture with 180 Films, and an action-adventure treasure hunter feature film based on the search for gold buried by the Japanese during World War II. Empire is also producing an interactive Golf E-Book based on the English TV/DVD show, "A Fairway to Heaven."
In addition, the Company's wholly owned subsidiary, Hybrid-Reality Entertainment, is developing several reality television programs, including "Journey Beyond," based on psychic and paranormal experiences; "On the QT," based on the true adventures of private investigator Tawni Tyndall; "Past Lives of Famous People," featuring psychic channeler and reincarnation expert Linda Freud; "New Miracle Medicine," based on life-saving 21st century medical technologies; and "3D World," a magazine show covering the latest developments and content in 3D.
Empire has established several financing sources to support production of these projects, including a previously-announced $1.5 million facility, which funds are currently on deposit.
The Company is working to develop other third party financing sources that protect the Company's ownership interests and revenue potential.
Empire suggests that potential investors who are interested in current information about the Company to consider only information issued directly by the Company in filings with the SEC, and press releases published by the Company. We also recommend that all potential shareholders refer to the Company website at: www.empirepostmedia.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Empire Post Media, Inc.
Tel. # 310 351-6660
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