I found this on the YAHOO board.
CRCP news...looks great
by: stocker934
3614 of 3622
Found this on another message board, looks great! Not on wires though yet.
(PR NEWSWIRE) Carolco Pictures Nearing Distribution Agreement
Company Considering Several Possible Strategic Alliances
Wilmington, NC., Feb. 26 /PRNewswire/ -- CarolCo Pictures, Inc.
(OTC-Bulletin Board: CRCP) announced today that the Company has accelerated its plans to establish a formal
relationship for the distribution of its upcoming slate of motion pictures. The response by several domestic and international
film distributors has been extremely encouraging. John Barrington, Company Chief Financial Officer stated, ''Several well
known distribution partners are being considered. The early enthusiasm shown by industry participants further reinforces
our commitment to innovations in the production of independent films. We are excited to progress with these negotiations,
and look forward to the possibilities that lie ahead for CarolCo when the agreement is finalized in the upcoming weeks.''
Built in 1984, CarolCo Studios is one of the largest studios east of Hollywood. Located in Wilmington near the sandy
beaches of the North Carolina coast, this 32 acre studio offers everything for features films, television and commercial
production. The studio includes eight soundstages, a fifteen acre urban backlot, production offices, a screening room,
props, and editing suites; additionally, the studio houses mill, paint and plaster shops, and an entire line of grip and lighting
equipment and expendables.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this
press release other than historical facts are ''forward-looking statements'' within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the
safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time,
the Company's actual results could differ materially from expected results.
SOURCE: CarolCo Pictures, Inc.
Posted: Feb 26 1999 2:33PM EST as a reply to: Msg 1 by Make_A_Million
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