Producciones Moviles SA de CV

June 17, 2010 08:00 ET

Producciones Moviles SA de CV Acquires Shares of Las Vegas from Home.com Entertainment Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - Producciones Moviles SA de CV ("Producciones") announces that it has purchased, on a private placement basis, 10,000,000 units (the "Units") of Las Vegas From Home.com Entertainment Inc. (TSX VENTURE:LVH)(PINK SHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) ("Las Vegas") at the price of $0.05 per Unit, where each Unit consists of one common share of Las Vegas (the "Shares") and one warrant (the "Warrants") exercisable for two years to purchase one additional common share of Las Vegas at the price of $0.10 during the first year and $0.25 during second year. After the acquisition of the Units, Producciones owns 10,000,000 Shares representing 7.08% of the issued and outstanding common shares of Las Vegas as at June 16, 2010 and 10,000,000 Warrants representing 41.49% of the issued and outstanding Warrants of Las Vegas as at June16, 2010. Including the shares to be acquired upon exercise of all of the Warrants by Producciones, Producciones would own 20,000,000 common shares representing 13.22% of the issued and outstanding common shares of Las Vegas as at June 16, 2010.

Producciones has acquired the securities for investment purposes and may acquire further common shares or dispose of its holdings of common shares of Las Vegas, both as investment conditions warrant.

For additional information or for a copy of Producciones early warning report, please contact (818) 262-8359 or e-mail atencion.pm@palmasbet.com.

Producciones Moviles SA de CV
Calzada del Valle #255
Col Del Valle, San Pedro Garcia
Nuevo Leon, Mexico

Contact Information

  • Producciones Moviles SA de CV
    (818) 262-8359
    atencion.pm@palmasbet.com
    or
    Producciones Moviles SA de CV
    Calzada del Valle #255
    Col Del Valle, San Pedro Garcia
    Nuevo Leon, Mexico