ADTM to acquire 90% interest in FLASHWORKS
BEVERLY HILLS, CA, Dec 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- ADTM entered into an agreement wherein it agreed to acquire a 90% LLC interest from FLASHWORKS in exchange for 25,000,000,000 (Twenty Five Billion) newly issued shares of ADTM and FLASHWORKS agreed to issue 90% of its LLC interests in exchange for the 25,000,000,000 shares of ADTM. According to FLASHWORKS PRODUCTIONS it is headed by Film/Television Star Larry Flash Jenkins (The White Shadow, Gummy in Fletch, ED-TV), Producer Bob Johnston (Double Jeopardy, Alien Resurrection, The Wood, 24 (Year 1)) and David Damas, a world re-known impressionist-writer turned Producer has been behind and in front of the camera of such shows as Good Times, Righteous Apples, Durger Burger, Falcon Crest and the Disney Film 'Midnight Madness' to name a few. The Three Hollywood Icons bring a total of 79 years of wealth and knowledge in the Film and Television arena! Larry "Flash" Jenkins said that, "FLASHWORKS has a slate of 27 Films on tap for the next nine (9) years (3 per year). The company is in final talks with Mini Major Lions Gate Entertainment to distribute the first eight (8) with budgets ranging from 5M-15M". Larry Jenkins said that "Joint Ventures with companies such as: Esparza/Katz (Dorothy Dandrige Story, Selena), DDL, D.R. Entertainment, Liberty Entertainment Group (Headed by Evander & Bernard Holyfield), G&G Entertainment, Inc., Hawkfilmz and Blue Sky Pictures creates Flashworks as one of the industry's fastest rising companies." He went on to say that "Talent such as: Robert De Niro, Antonio Banderas, Val Kilmer, Jeff Bridges, Anthony Hopkins, Ice-T, Coolio, Daniel Baldwin, Vivica Fox, Jamie Foxx, Dan Aykroyd, Tony Curtis, Eric Roberts are attached with 'Letters Of Intent'." Jenkins said that, "Companies such as Lions Gate Ent., First Look Pictures, Senator Ent., RGH Lions Share Pictures, York Ent., Screen Gems, Columbia/Tristar and Bedlam Pictures has either put an offer on the table or has put in a bid to acquire 'WHEN THUGS CRY'". Jenkins said, "Flashworks will make an internal decision in two weeks. Stay Tuned!" Jenkins also noted, "Currently in Pre-production are: 'Victim Of Deceit' a courtroom drama set in Yanceyville, North Carolina. Offers are going out to, Woody Harrelson, Demi Moore (To re-create their magic from 'Indecent Proposal'), Thandie Newton, and Jenifer Lewis. Attached are Cynda Williams and Larry Flash Jenkins. Arthur Allan Seidelman helms the film. Esparza/Katz will serve as 'Producer', 'Revenge' a urban horror starring Ice-T, Coolio and Daniel Baldwin, and 'Plain & Simple' a romantic comedy starring Vivica Fox and Jamie Foxx." Jenkins stated that "FLASHWORKS is also in closing talks to acquire 41 million dollars of working capital from a Las Vegas based investment firm. If successful this luxury will create an extra vehicle and bargaining power to later produce bigger budget films." Larry Jenkins concluded with, "We'll see you at the Movies!" For more information on Flashworks Productions visit their website at... WWW.FLASHWORKSPRODUCTIONS.COM For further information about Adatom.com contact its president, Sandy Winick at: 416-918-2209 Certain statements contained herein are "forward looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such "forward looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such "forward looking statements" include but are not limited to, competitive factors, general economic condition, customer relations, relationships with vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. SOURCE Adatom.com, Inc. CONTACT: www.flashworksproductions.com; about Adatom.com contact its president, Sandy Winick at: (416) 918-2209 (ADTM) prnewswire.com |