Camelot Entertainment Group Shifts Focus to Production and Distribution
September 16 2008 - 1:19PM
PR Newswire (US)
New Direction Aimed at Generating Shorter Term Revenues ALISO
VIEJO, Calif., Sept. 16 /PRNewswire-FirstCall/ -- Camelot
Entertainment Group, Inc. (OTC:CMLT) (BULLETIN BOARD: CMLT)
("Camelot") announced today that it is shifting its operating focus
to production and distribution activities through its Camelot Film
Group division as it continues to implement its business model.
This new direction for the Company is aimed at generating revenues
in the short term while Camelot continues to pursue studio
opportunities through its Camelot Studio Group division. The
operating focus of Camelot has been on the development of its
studio group division and its initial studio sites. Even with those
potential developments proceeding, Camelot would not derive any
meaningful income from the studio division until sometime in the
future. With the operating focus now shifting to the film group,
Camelot plans on ramping up its production and distribution
operations during the fourth quarter of 2008. 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, Inc.,
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. CONTACT: Camelot Entertainment
Group Investor Relations: (949) 334-2950 DATASOURCE: Camelot
Entertainment Group, Inc. CONTACT: Camelot Entertainment Group
Investor Relations, +1-949-334-2950, Web site:
http://www.camelotfilms.com/
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