SOURCE: Alliance Media Group Holdings, Inc
WEST PALM BEACH, FL--(Marketwired - Feb 5, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company" or "AMG") is extremely proud to announce today that its common stock has begun trading today on the OTC Markets OTCQB exchange under the symbol "ALLM" (www.AMGholdingsinc.com).
At its inception on March 28, 2012, AMG was created to engage in the commercial production, distribution and exploitation of Motion Pictures, animation, television, live events, commercial retail as well as other entertainment related enterprises such as theme parks, restaurants and destination properties. The Company is a fully reporting public entity having its registration statement declared effective with the Securities and Exchange Commission on October 19, 2012; approved by FINRA on May 6, 2013, and recently became eligible for electronic trading.
Since that time, various factors including economic shifts and uncertain world events have led the Board of Directors of the Company to seek opportunities to diversify the Company's holdings beyond its original target markets. The concept is that a diversified company, with holdings in a variety of sectors, would be in a better position to insulate itself from the volatile ups and downs of today's world economy. As the price of oil continues to fluctuate and leaders around the World continue to push an aggressive green energy policy, Renewable Energy may prove to be this decade's .com explosion and if anyone is able to get a foothold on the ground floor of an emerging technology they may have a distinct advantage in the market place.
AMG will initially focus on two industries -- Entertainment and Bio-Sciences. Through its wholly owned subsidiaries AMG Entertainment, LLC and AMG Renewables, LLC the Company has a strategy that includes potential mergers and acquisitions as well as start-up activities, which are focused on developing an increasing revenue stream, securing market share and enhancing shareholder value. Each subsidiary will survive on its own and be accounted for separately.
AMG Renewables has identified several technologies for possible acquisition including a breakthrough-patented cellulose to sugar process, viable plastics to fuel technologies and completely recyclable plastics. With decades of bio fuel and bio sciences experience, AMG Renewables' Board of Advisors will evaluate each opportunity and guide the Company in its quest to acquire cutting edge, viable renewable energy technologies. (www.AMGrenewables.com)
AMG Entertainment is a multi-dimensional entertainment enterprise that intends to develop and create interactive entertainment mediums. Formed by seasoned veterans of the promotion, media and marketing industries to integrate diverse platforms of audience indulgence for worldwide distribution in the 21st Century. (www.AMGent.com)
Alliance Media Group Holdings, Inc. (OTCQB: ALLM) is a Florida based public holding company focusing on investments in strong, proven markets while staying flexible enough to take advantage of emerging trends in a variety of industries. Alliance Media Group Holdings, Inc (or "AMG") currently operates two wholly owned subsidiaries: AMG Entertainment. LLC and AMG Renewables, LLC. Each division is independent of the other and is managed by seasoned professionals in their respective fields. AMG Entertainment is an all-inclusive "Mini Major" Hollywood Studio (as that term is used in the industry) with development, production, promotion and distribution capabilities of not only feature films but television and music as well. AMG Entertainment will also own and operate restaurants as a promotional platform for its entertainment products, with the Company's first location opening first quarter 2014 in Ft Lauderdale, Florida. AMG Renewables is focusing on the "Green Energy" sector and has identified several emerging technologies for development and possible acquisition. AMG Renewables management team and Board of Advisors is made up of highly experienced professionals from the bio-fuels, petroleum and bio-science industries.
AMG currently has approximately 33,022,145 shares outstanding. The public float is approximately 5,910,000 shares of which the company has obtained lock up agreements for 3,915,000 shares of the float.
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Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "anticipate," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance Media Group Holdings, Inc actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance Media Group Holdings, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance Media Group Holdings, Inc disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.