SOURCE: Carolco Pictures, Inc.

Carolco Pictures, Inc.

March 12, 2015 11:56 ET

Carolco Pictures Enters Option Purchase Agreement for 'BOT,' a Tent Pole Blockbuster Science Fiction/Action Trilogy by Screenwriter Tedi Sarafian of Terminator 3: Rise of the Machines

LOS ANGELES, CA--(Marketwired - Mar 12, 2015) - Carolco Pictures, Inc. (OTCQB: CRCO) announced today that it has entered into an option purchase agreement for the screenplay, BOT, a tent pole blockbuster science fiction/action trilogy by Screenwriter Tedi Sarafian, best known for collaborating on the writing of Terminator 3: Rise of the Machines (2003). Terminator 3 was the 3rd installment of Sony Pictures' blockbuster franchise grossing $450 million worldwide, firmly establishing Tedi as a major screenwriter. Other Tedi Sarafian films include Tank Girl (1995 - Writer), The Road Killers (1994 - Writer) and Rush Hour (1998 - Uncredited Writer).

Alex Bafer, Carolco Pictures CEO, stated, "Carolco's name is synonymous with Hollywood blockbusters thanks to Mario Kassar. Upon development, we are looking to BOT to follow his past successes. We are excited about the potential of a new BOT franchise."

Additionally, on February 10, 2015, Carolco Pictures, Inc. announced that it began pre-production on the motion picture "Audition," a psychological horror-drama based on Ryu Murakami's bestselling novel to be directed by Richard Gray.  

About Carolco Pictures, Inc.: Carolco is a diversified entertainment company engaged in the financing, production and leasing of motion picture properties. For more information on Carolco Pictures, and its subsidiaries, please visit www.carolcopictures.com and www.highfiveentertainment.net. Carolco Pictures has offices in New York City, Beverly Hills, Boca Raton and Nashville. Carolco's most recent regulatory filings and financial information can also be found on the Securities and Exchange Commission's website at www.sec.gov.

Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

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