Business
Seven Arts Entertainment Inc. Announces Intent to Acquire New Subsidiary
Seven Arts Entertainment Inc. Announces Intent to Acquire New Subsidiary.
About this update from Seven Arts Entertainment, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Seven Arts Entertainment Inc. Announces Intent to Acquire New Subsidiary\r\n \r\n \r\n\r\n\r\nSeven Arts Entertainment Inc. Announces Intent to Acquire New Subsidiary\r\n\r\n\r\n\r\n\r\n\r\nATLANTA, GA / ACCESS Newswire / July 21, 2025 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the \"Company\", a legacy film and music production company, is pleased to announce the Company has entered into a Letter of Intent to acquire a new subsidiary.https://app.accessnewswire.com/imagelibrary/ea834760-fa51-414a-a879-b39ba826fd22/1050563/seven-arts-high-res-logo.jpg \r\n \r\n The incoming business specializes in boutique marketing, branding and print material for established talent, with a robust client roster, in the film and music industries. While currently producing significant revenue, the Company believes adding the business to operate in conjunction with its existing subsidiaries, Seven Arts Music, and Muse Media, will accelerate the target company's revenue projections to exceed $5 million over the next 2 years. \r\n The terms of the acquisition have been structured with a combination of cash and preferred stock and will not require the issuance of additional common stock or incur convertible debt leading to the issuance of additional common stock. The parties believe a Final Agreement will be announced on or about August 1st, at which time more specifics will be fully disclosed. \r\n Stated Seven Arts CEO, Jason Black: \"We're very pleased for the Company and its shareholders to be closing on this deal. There are a number of synergies involved in this acquisition that will bring us much closer to our long-term goals. We're also pleased to report that all of the Company's additional endeavors are progressing in a timely manner and further updates will be released shortly on those as well.\" \r\n About: Seven Arts Entertainment Inc. is a media and entertainment company developing a diverse portfolio of intellectual properties in the film and music industries.\r\n Forward-Looking Statements:\r\n This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company ...