SHPE----News Release
July 20, 2000 09:47
The Storm High Performance Sound Corp. -- SHPE -- To Acquire Independent Film Production Company; First Feature Film
"Rennie's Landing" Set for Release in Spring 2001.
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KIRKLAND, Wash.--(BUSINESS WIRE)--July 20, 2000--Jim Brewer, President of SHPE, dba North Coast Productions
Inc. (NCPI), announced today that it has reached a definitive acquisition agreement to acquire and merge with Nickel Palace,
Inc., of Burbank, CA. The terms of the merger were not disclosed.
Jim Brewer said, "The merger with Nickel Palace is the initial step in the implementation of NCPI's business plan. We are
pleased to be associated with the talent of the Nickel Palace management team." The company is in full production of "Rennie's
Landing", currently filming in Los Angeles. Management expects to release the film in Spring 2001.
Starring roles in "Rennie's Landing" includes Scott Foley, best known as co-star of Warner Brothers' "Felicity"; Peter Facinelli
who co-starred in "The Big Kahuna"; Ethan Embry who is currently starring in the new Fox series "Freaky Links"; and Charlotte
Ayanna who was recently featured in the film "The Blue Iguana".
Principals of Nickel Palace are highly skilled and motivated young entertainment industry visionaries with key production
experience. The company's business model dictates controlling production costs to under $5 million per picture. This model
supports foreign distribution as well as domestic and foreign cable and video store distribution.
Management believes that carefully selected scripts and a committed and talented cast will enhance the opportunity for big
screen exposure. SHPE plans to acquire an existing distribution company that can provide control of marketing its feature films.
The goal is production of 4-5 feature films per year, along with various television productions.
The Company is negotiating with seasoned veterans who will enhance the Company's future acquisitions and position the
Company as a respected independent production company.
For information on the company, please contact Mr. Patrick Rost of PRM and Associates, the company's corporate public
relations firm, at 760/942-0015; e-mail pmrandco@aol.com. SHPE may be reached at 800/549-6546.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve
risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due
to such risks and uncertainties.
CONTACT: SHPE
800/549-6546
or
PRM and Associates
Patrick Rost, 760/942-0015
pmrandco@aol.com |
