Wonderfilm Announces Acquisition of Picture Packages “Ten Double Zero” and “Sought After”

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Wonderfilm Announces Acquisition of Picture Packages “Ten Double Zero” and “Sought After”



Vancouver, British Columbia (FSCwire) - The Wonderfilm Media Corporation. (TSXV: WNDR)(OTC:  WDRFF), ("Wonderfilm" or the "Company") is pleased to announce it has entered into an agreement from arm’s length producers to acquire the rights in and to the original screenplays “Ten Double Zero” and “Sought After” for total consideration of CAD$243,750 through the issuance of 375,000 common shares of the Company at $0.65 per common share.

 

Neither the TSX Venture Exchange Inc. (“Exchange”) nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

About Wonderfilm Media

 

Wonderfilm is a leading publicly traded (TSX Venture Exchange) entertainment company with offices in Beverly Hills, Vancouver, Canada and Seoul, South Korea. Wonderfilm's main business is the production of high-quality feature films and episodic television that offer international appeal through the Company's guiding philosophy of bringing new financing solutions to an entertainment industry increasingly looking for funding and co-production alternatives.  Wonderfilm is a producer and distributor only for the projects disclosed.  The legal ownership of movie productions are held in a special purpose legal entity held at arm’s length to the Company to facilitate for the qualification of various levels of domestic and foreign government tax credit incentives that are customary in the film and production business. 

 

Cautionary Statements

 

This press release contains forward-looking statements that are subject to substantial risks, uncertainties and assumptions. All statements other than statements of historical fact contained in this press release are forward-looking statements. These statements often include words such as "believe," "expect," “target,” "anticipate," “forecast,” "intend," "plan," "projects," "seek," "will," "may" or similar expressions. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Wonderfilm’s control and Wonderfilm’s actual results could well differ materially from those stated or implied in forward-looking statements due to many various factors.

 

Although Wonderfilm believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All such reflect the date made only. Wonderfilm undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

For further details, please see the Company’s documents filed on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

 

Further Information

 

For further information, please contact:

 

Kirk Shaw

The Wonderfilm Media Corporation,

Chief Executive Officer

Telephone: (604) 638-4890

Email: [email protected]

 

Prit Singh

Investor Relations

Telephone: 905-5107636

Email: [email protected]







Source: The Wonderfilm Media Corporation (TSX Venture:WNDR)

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