Archer Entertainment Media Communications, Inc. Completes Financial Statements to GAAP Standards
June 12 2008 - 11:31AM
Marketwired
SANTA MONICA, CA announced today that its in-house accountants
have completed all of its financial statements to GAAP standards
and that the Company will engage an independent auditor to begin
the financial audit process for the calendar years ending December
31, 2006 and December 31, 2007. All financial statements are
available at www.pinksheets.com, where AEMC is in Current
Information status.
Following receipt of its audited financial statements, AEMC
plans to file Form 10-SB with the US Securities and Exchange
Commission to become a "reporting company," the next step in the
process of becoming eligible to have the Company's shares trade on
the Over the Counter Bulletin Board system.
AEMC has opened a Hong Kong office to service the content
delivery to Buzz TV (Buzz Technologies Inc. (PINKSHEETS: BZTG)) and
to distribute content via the 120,000-plus PCs currently hard wired
to Buzz (www.12buzz.com) in China Internet Caf�s. Buzz is set to
add over 50,000 more in Beijing alone prior to the 2008 Olympic
Games. MP3-, MP4-, iPhone-, CD- and DVD-formatted licensed content
will be easily accessible with the client having the option to pay
online or at the Internet Caf� Counter. The high quality low cost
entertainment and fully licensed content will directly challenge
China's growing Piracy problems.
About: Archer Entertainment Media Communications Incorporated
(ISIN US039490107) is a vertically integrated global entertainment
and media company engaged in the production, delivery, distribution
and exhibition of digital content through various platforms
including Internet, IPTV, Satellite to PC TV, Video-on-Demand (VOD)
and Pay-Per-View (PPV) . Archer has created a digital
infrastructure leveraging existing Internet assets and resources
providing a secure, complete, end-to-end digital solution
exclusively focusing its interests in China, Southeast Asia and the
United States.
Forward-Looking Statements: Certain statements in this release
constitute forward-looking statements or statements which may be
deemed or construed to be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words "forecast," "project," "intend," "expect" "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other factors
which could cause the Company's actual results, performance
(finance or operating) or achievements to differ from future
results, performance (financing and operating) or achievements
expressed or implied by such forward-looking statements.
For more information, contact: info@archeremc.com Michael
Selsman President 310-709-2245 in Hong Kong Ms. May Ho Assistant to
the Chairman of the Board + 852.2251.8300
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