Seven Arts Pictures (OTCPK:SAPX) also known as Seven Arts Entertainment was founded in 2002 by CEO Peter Hoffman. The company's offices are based in the UK and California. SAPX is an independent film company that produces theatrical motion pictures. The film company budgets range from $2 million to $15 million. Some films that the company has done is Autopsy, Night of the Demons, and No Good Deed.
Earlier this year, Seven Arts Pictures announced that it would have a new music label, Seven Arts Entertainment. The most famous of rappers acquired is DMX. He released an album under the label in September. The company plans to sign already established artists as well as up and coming ones. On November 20th, the company said it would produce Thomasina. This will be distributed by its subsidiary Seven Arts Filmed Entertainment Louisiana, (SAFELA) which is based in New Orleans.
SAPX stock is currently trading for $0.0260. The previous close was $0.0279. SAPX has had a 52 week range of $0.029 up to $44.10. Since the end of 2011, SAPX stock has been on the steady decline. The market cap is at $453,831.00. Since 2009, the company has been trading on the NASDAQ using SAPX. SAPX reported a gross profit of $281,385 in September when there quarter ended.
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