Beverly Hills, CA - October 1, 2010 – Big Screen Entertainment Group (OTC:BSEG)
is pleased to announce that BSEG has achieved transparent status or “Pink Sheets Current Information” status on OTCMarkets.com through the recent release of the company’s updated financials and disclosure 15c2-11 filings.
BSEG CEO Kimberley Kates stated, “We believe this is a crucial step in the process of helping the investment community and our shareholders see BSEG’s financial status and our business model for the future. Our assets have increased and our liabilities have decreased over the past two years. In an environment where many entertainment companies are struggling, our forward progress is a testament to our management’s hard work and focus on the bottom line as well as to our vision for growth and opportunity in the digital era of entertainment.”
The company’s new film productions and significant distribution acquisitions in Los Angeles and Michigan are fueling BSEG’s rapid growth and increasing its revenue base.
Recent landmarks include production of the much anticipated Action/Adventure film, “Sucker,” now in post production with Julien and Benoit Decaillon (“Sodium Babies”) working on Visual Effects as well as Alexander Janko (“My Big Fat Greek Wedding”) composing original music for the film.
Two new DVD releases are scheduled over the next 8 weeks: the award winning horror/thriller film “Rule of Three” (October 26, 2010 release on BSEG's own label) and the action adventure film “Target Practice” (November 23, 2010 release). Many other titles are also slated for release on the company’s various digital formats.
Big Screen’s critically acclaimed, award winning horror film, “Babysitter Wanted,” has also produced strong numbers with its domestic DVD release through Netflix, Amazon.com and RedBox.
Big Screen is aggressively expanding its advertising for the Halloween horror market nationwide with both “Babysitter Wanted” and the new horror/thriller, “Rule of Three.”
ABOUT BSEG:
Big Screen Entertainment Group (BSEG) is a full service entertainment company designed to develop, produce, purchase, exhibit and distribute products in all media formats, including motion pictures, television, music, publishing and video games. BSEG distributes numerous films in their library both internationally and domestically with their own label, Big Screen Entertainment Group and numerous PPV/VOD, ITunes, Xbox and other digital formats.
www.bigscreenent.com
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements.
For BSEG Investor Relations:
Torii Collins: 323.654.3400