Camelot Receives New Trading Symbol 'CMLT'
August 29 2008 - 4:09PM
PR Newswire (US)
Camelot Entertainment Group Completes Reverse Stock Split ALISO
VIEJO, Calif., Aug. 29 /PRNewswire-FirstCall/ -- Camelot
Entertainment Group, Inc. (OTC:CMLT) (BULLETIN BOARD: CMLT)
announced today that it has received a new trading symbol "CMLT" in
connection with its 100:1 reverse stock split of its common and
preferred shares, which was effective August 29, 2008. The reverse
stock split is part of an overall restructuring of the company's
operating focus and management team as it continues to implement
its business model while refocusing its efforts on generating
shorter term revenues. Camelot had previously traded under the
symbol CMEG. About Camelot Entertainment Group, Inc.: Camelot
Entertainment Group, Inc. is a US publicly traded company (symbol
"CMLT") with three major divisions: Camelot Film Group, 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. Creating a world where filmmaking dreams come
true, Camelot integrates early studio models, education, new
technologies and fiscal responsibility to acquire, develop,
finance, produce, market and distribute high quality commercial
motion pictures, television and digital media. For general
information about Camelot Entertainment Group, please visit the
company's web site at http://www.camelotfilms.com/. 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. The Company undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date on which they are made.
DATASOURCE: Camelot Entertainment Group, Inc. CONTACT: Camelot
Entertainment Group, Inc. Investor Relations, +1-949-334-2950, Web
site: http://www.camelotfilms.com/
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