SOURCE: Big Screen Entertainment Group

Big Screen Entertainment Group

May 01, 2014 10:07 ET

Big Screen Entertainment Group Management Gives Shareholder Update

HOLLYWOOD, CA--(Marketwired - May 1, 2014) - Big Screen Entertainment Group (PINKSHEETS: BSEG) is pleased to report exciting progress in the areas of film acquisition, development, distribution and more deals signed for joint ventures abroad.

Having recently returned from a highly successful trip overseas, BSEG's CEO Kimberley Kates stated, "The outlook for BSEG has never been brighter. Through contacts both in the US and abroad, BSEG has solidified existing relations and developed new ones, resulting in a number of wonderful, quality projects for future production and distribution. While the first quarter of 2014 has already proven to be productive, we are looking forward to announcing even bigger news as ongoing negotiations take their course."

Recent developments include:

  • CEO Kimberley Kates was invited to attend the prestigious 4th Beijing International Film Festival. Ms. Kates met with Chinese production companies seeking US collaboration for film and television to be set up in the near future.

  • Ms. Kates also attended the groundbreaking ceremony in Hainan, China for a large scale theme park being built ($600million USD), while successfully negotiating an MOU (Memorandum of Understanding) with China's oldest film studio, Changchun Film Group for the creation of characters/themes/movies to be featured in the new theme park.

  • BSEG signed a new distribution agreement with CAV Distribution for the release of Big Screen's DVD's, Blu-Rays and VOD into high volume retail outlets as Wal-Mart US/Canada, Target and Best Buy for North America.

  • There has been continued progress in France with the formation of BIG Entertainment International (BEI), BSEG's European distribution subsidiary, with anticipated high volume retail and VOD channels into France, Belgium, Germany, and the U.K. BIG Entertainment will begin the release of BSEG's library of a variety of film titles this year. The potential deals and projected revenue will significantly increase BSEG's global stature over the coming years.

  • BSEG is currently releasing two films over the next month; the vampire thriller, CRIMSON WINTER and the time travel film, SINGULARITY PRINCIPLE.

BSEG has recently filed its 15c211 for December 31, 2013 and financials will be filed within the next several weeks. Year end filings are also being prepared.

ABOUT BIG SCREEN ENTERTAINMENT - Big Screen Entertainment (BSEG) is a leading entertainment company with a diversified presence in motion picture production and distribution, home entertainment, television, family entertainment, digital distribution and international sales.

Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements.

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