Business
The Movie Studio Announces Completion of Corporate Actions, New Capital Structure and Qualification of Regulation 1-A+ in Preparation of Launch of Company's 2019 Business Plan and Monetization of Assets
The Movie Studio Announces Completion of Corporate Actions, New Capital Structure and Qualification of Regulation 1-A+ in Preparation of Launch of Company's 2019 Business Plan and Monetization of Assets.
About this update from The Movie Studio, Inc.
[{"type":"text","content":"\nFORT LAUDERDALE, Fla., Dec. 12, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC: MVES) www.themoviestudio.com has completed corporate actions in preparation of the launch of the Company's vertically integrated 2019 business plan and proposed use of proceeds as detailed in the Company’s qualified Regulation 1-A+ (Reg 1-A+) filing with the Securities and Exchange Commission. The offering was qualified on December 10, 2018. https://www.sec.gov/cgi-bin/browse-edgar?company=movie+studio&owner=exclude&action=getcompany\n Throughout 2018, MVES has been working to complete the Form 1-A+ necessary to qualify a Reg 1-A+ Offering, which as mandated by the JOBS Act and introduced on March 25, 2015, which gives non-SEC reporting companies the ability to raise up to $50,000,000 in a 12-month period. In addition to the registration statement, the Company has effectuated a 1:250 Reverse Stock Split with NASDAQ/FINRA declared effective on September 11th, 2018 reducing the number of outstanding shares of MVES and significantly tightening the Company float of MVES common shares. As of December 11th, 2018, MVES currently has 27,762,498 common shares issued and outstanding. Based on the foregoing, The Movie Studio, Inc. (OTC: MVES), has currently formed numerous Strategic Partnerships and Indication of Interests to participate in equity participation of MVES and has qualified the necessary number of shares under Reg 1-A+ through an offering statement (Form 1-A). \"Following a successful round of funding, combined with the new capitalization structure, it is the Company’s short-term plan to execute on its business plan as outlined in the Reg 1-A+ and look to monetize on the cumulated assets of MVES, acquisition of new assets/film libraries, newly produced motion picture content, white labeled subscription based website and geo-fracturing motion picture licenses of MVES server based content that will provide analytics and big data metrics to MVES titles now and beyond,\" Gordon Venters, President/CEO of The Movie Studio, Inc. stated today. About The Movie Studio: The Movie Studio, Inc. is a vertically integrated motion picture production and distribution company. It acquires, develops, produces and distributes independent motion picture content for worldwide consumption in theatrical, video on d...