SOURCE: Motion Picture Hall of Fame

October 10, 2012 10:32 ET

Motion Picture Hall of Fame Signs Letter of Intent With Chinese Venture Capital Corporation for $50M

LAS VEGAS, NV--(Marketwire - Oct 10, 2012) -  The Motion Picture Hall of Fame (PINKSHEETS: MHFM) announced they have signed a letter of intent for $50,000,000.00 in funding with a well known Chinese Venture Capital Corporation, UMS Investment Company, LTD., to fund the Motion Picture Hall of Fame. The first chapter will be built in America with the second chapter being built in China. There has never been a world-class themed attraction established to both honor and preserve the "all-time" greatest accomplishments in the history of motion pictures. The Motion Picture Hall of Fame is the first of its kind. "Our goal is to build chapters in all the major film capitals of the world," stated Robert Alexander, CEO/President of the Motion Picture Hall of Fame.

It is the mission of the Motion Picture Hall of Fame to commemorate and honor those movies, actors, actresses, writers, producers, directors and film composers who have had a profound impact on the motion picture industry. Each year there will be an induction ceremony where the public will actually vote on the films and individuals who will be inducted into the Hall of Fame.

About Motion Picture Hall of Fame:

The Motion Picture Hall of Fame, Inc. is a publicly traded company trading on the Pink Sheets and its stock symbol is MHFM. MHFM is a Nevada Corporation whose business is to create, develop, maintain and manage world-class, themed, walk-through attractions dedicated to the history and art of making motion pictures and television.

Forward Looking Statements:
Forward Looking statements and comments in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements are forward looking and are subject to risks and uncertainties, some of which are significant in scope and nature beyond the control of MHFM. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially depending on many factors.

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