Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : RPIX - Royal Picture Inc. - A New Cinematic Wonder -- Ignore unavailable to you. Want to Upgrade?

To: Yeshua who wrote (81)	10/7/1999 3:33:00 PM
From: BlueCheap	Read Replies (1) \| Respond to of 89

NEWS RELEASE: Royal Pictures, Inc. (OTCB:RPIX) announced today that it has postponed production of its film, "Calle Ocho." Production is tentatively scheduled to resume in early 2000, subject to several factors including the availability of certain actors, singers and crew, as well as the possible availability of financing that may facilitate the inclusion of well-recognized performers from the Latin music arena. Company president Lizette Piedra stated, "We are reevaluating the casting of several key roles in light of recent trends in popular music, and believe that deferring this project for several months could strengthen its appeal significantly. We also are reevaluating the appropriate budget for this project and, accordingly, our funding sources and financial ability. We strongly discourage the investing public from speculating on specific artists who may or may not be candidates for roles or cameos in this film, especially since we are not in substantive negotiations with anyone at this time." Ms. Piedra also noted that the Company is in the process of finalizing its discussions with potential additions to its management team, who, if retained, would assume active roles in the management of the Company's corporate finance activities and other matters related to the public markets and corporate structure. Among those matters would be the development of distinct identities for the publicly-held entertainment company and its motion picture production subsidiary, paving the way for diversifying the Company's entertainment interests. New web sites are anticipated for the public company, its motion picture subsidiary, and its specific projects under development. Royal Pictures, Inc. is both a multi-dimensional and a multi-faceted independent film production Company, that plans to develop and produce motion pictures for the big screen. All three stages of motion picture production will be performed or arranged by Royal Pictures, including funding, production and distribution of the completed film. For more information please visit the Company's website at rpix.com. This press release contains certain forward-looking statements that may be based on current expectations that involve a number of risks and uncertainties. Accordingly, to the extent that this press release contains forward-looking statements regarding the Company plans for its film, Calle Ocho, or other aspects of the financial condition, operating results, or business prospects of the Company, please be advised that the Company's actual financial condition, operating results and business performance may differ materially from those projected or estimated by the Company in forward-looking statements. --30--KD/ch* CONTACT: Royal Pictures, North Miami Beach Lizette Piedra, President, 305/893-4440 royalpictures@mindspring.com