Seven Arts Entertainment Inc. Responds to Fraudulent Press Release
LOS ANGELES, June 4, 2013 /PRNewswire/ -- Seven Arts Entertainment Inc. (OTCQB: SAPX) ("Seven Arts" or the "Company") has been made aware of an additional fraudulent and misleading press release issued by unknown persons today. The company believes this press release to have been the work of the same disgruntled assignee of another entity that may have invested a limited amount of money in a motion picture project of Seven Arts Pictures plc (SAPX) ("PLC"), the Company's listing predecessor, referenced in the press release of the Company dated May 24, 2013 for which investors are directed for any further information on this matter. No facts in this additional fraudulent and misleading release reflect recent actions, and all refer to events that may have occurred in 2011, which are fully discussed in the Company's public disclosures. This additional fraudulent and misleading release appears to give the impression that it reflects a recent action by the liquidator of PLC, but no such action exists and the liquidator did not issue the bogus press release.
About Seven Arts Entertainment Inc.:
Seven Arts Entertainment Inc. was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of June 3, 2013. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
Seven Arts Entertainment Inc.
SOURCE Seven Arts Entertainment Inc.