To: Richard Mazzarella  who wrote (104 ) 2/26/1999 8:12:00 PM From: William Hayden     Read Replies (4)  | Respond to    of 137  
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