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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (84236)	5/16/2001 10:52:24 AM
From: Aj-Ruk	Read Replies (3) \| Respond to of 150070

ACEI ? And just 45 days ago they were still doing film development. What's with the change to electronic components? Fancy timing for a California crisis PR. Hmmm... ACEI : AMER CHAMPION ENTMT INC (OTC:BB) All Headlines ACEI Begins Development of a Kanga Roddy Motion Picture Negotiations Underway With Largest Film Studio in China for Co-Production HAYWARD Calif., Mar 23, 2001 /PRNewswire via COMTEX/ -- American Champion Entertainment, Inc. (Nasdaq: ACEI chart, msgs) announced today that it has begun pre-production work for a "Kanga Roddy" motion picture based on the 2-time EMMY Award winning children's show "Adventure with Kanga Roddy" that ACEI created and produced. Joining forces with ACEI in co-production will be the legendary film studio Xi'an Film Studio of China, producer of such hits as "Red Sorghum," a Berlin Film Festival Winner and "Old Well," an International Film Festival Winner. Xi'an has the expertise to create breathtaking martial arts action like "Crouching Tiger, Hidden Dragon" as well as poetic scenes that Xi'an is accustomed to deliver. This joint venture between Xi'an and ACEI is made possible through efforts from the Holley Group in bringing the parties together. Holley is ACEI's latest investor and majority shareholder. The movie script is written by Jason Henderson, a successful franchise novelist who has written novels for such properties as "X-Men," "Highlander," and "The Hulk" along with his most recent success, the Video Game of the Year Award by Strategyplanet.com, "Red Alert 2." Mr. Henderson who possesses a great understanding of the youth market and the knowledge of working with franchise properties, creates the script for Kanga Roddy that is complete with action, adventure and style for youth markets up to 14 years of age. "This script can be described as 'Crouching Tiger, Hidden Dragon' meets 'Ninja Turtles,'" said George Chung, Vice Chairman of ACEI. "The Kanga Roddy movie will feature old and new characters with dazzling martial art skills. We are confident that Xi'an Films has all the resources to create action that is yet to be seen by the young American viewers." Negotiations are underway with a major U.S. studio for distribution domestically and with various funding sources for complete yada, yada, yada, I am a little suspicious. That's all