You would not know by the press release, but the IR contact is The Veritas Group. They not only have a investors package for Cerritos Holdings but also Ziasun and Wamex. I wonder if the information that is being spammed is the same information as in the Investors profile? northernlight.com Joe Friday used to say "The names were changed to protect the innocent" I wonder if he was alive today to witness the penny stock game if he still would feel the same way
Cerritos Holdings, Inc. Announces That Affective Immediately It Will ConductBusiness Under the Name Digital River Entertainment, Inc.
VANCOUVER, British Columbia, June 27th /PRNewswire/ -- Cerritos Holdings, Inc. (OTC Bulletin Board: CERH) announces that it is currently in the process of changing its name. In the interim, Cerritos Holdings will be doing business as Digital River Entertainment, Inc.
The company will continue to trade under the symbol "CERH" on the Over-The-Counter Bulletin Board until the name change has been officially completed. This is expected to take approximately 3-4 weeks.
Furthermore, the company announces the negotiations for the construction of a brand new 120,000 sq. ft. studio facility that will be built on a 10-acre site located near the Vancouver Area. This studio will be a state-of-the-art facility to better serve the Motion Picture Industry in Vancouver, which should top 1 billion dollars in the year 2000.
"Development and growth of this company is accelerating at such a rate that the corporate identity has become irrelevant," said Digital River Entertainment's President and CEO, Ken Kantymir. "The name change to Digital River Entertainment is a much more accurate reflection of the direction the company is taking, and the first part of the organizational process we are currently undergoing. Future changes will include the creation of two subsidiaries -- one for the company's productions and the other for the company's studios."
Digital River Entertainment, Ltd. is leading the way in providing purpose built film production facilities as well as pioneering fully digital film production in Canada. Through development, expansion and aggregation, Digital River is one of the first companies to target the unmet demand for more purpose built, state-of-the-art facilities.
Digital River Entertainment will market a vertical business-to-business combined digital soundstage and digital editing facility and to bundle a full suite of ancillary services for the entertainment industry in Canada. As the digital film revolution unfolds, efficiency and capability will take precedence over specific geographic location, making existing film production models archaic. Digital River is strategically positioned to be at the forefront of this dynamic shift in industry focus.
The Company will issue further news releases as events unfold.
For an Investment Profile, please contact 800-773-7317.
Note: Any statements released by Digital River Entertainment, Ltd., that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.
Disclaimer: This transmission was intended only for the party or parties to whom it was directed. If you have received the transmission in error or by other means, it must be destroyed and by no means circulated, copied or otherwise duplicated without the express permission of its author(s). Nothing in the contents transmitted should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein.
CONTACT: Investment Profile, 800-773-7317.
SOURCE Digital River Entertainment, Inc.
CO: Cerritos Holdings, Inc.; Digital River Entertainment, Inc.
ST: British Columbia
IN: ENT
SU:
06/27/2000 09:30 EDT prnewswire.com |
