Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE Rangemore Film Productions Corp.
MIAMI BEACH, FL, Sept. 30, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) wishes to summarize in chronological order the corporate events that occurred during the summer months of 2013:
"We continued to be productive even through the slow summer months" stated Andrew McLaughlin, CEO of Rangemore. "We started the process to expand the studio operations, signed two revenue sharing agreements, became a 'Current Filer' with OTC Markets, eliminated almost all of our third party debt and commenced becoming fully reporting with the SEC. We are right on schedule with our six month goals. Although we continue to be disappointed with the performance of our share price, we are confident that our efforts will be rewarded in the long run. We thank all of our shareholders for their continued support" continued Mr. McLaughlin.
About Rangemore Film Productions Corp.
Rangemore Film Productions Corp. is a publicly traded company who is in the business of operating film studios and co-producing independent film productions.
Rangemore is currently in the process of identifying and acquiring studio suitable properties in four key markets: Asia; South Africa; Europe and North America. Potential acquisition sites will have to meet certain criteria including: a low cost per square foot; easy conversion into usable studio space; established local infrastructure; establish local film industry; limited or non-existent competition; available government tax incentives and mortgage financeable. The identified acquisitions will be either purchased outright utilizing debt funding and tax credit incentive programs or leased on a long term basis.
Along with the studio operations, Rangemore will be actively investing in and co-producing independent film productions. Currently Rangemore has a revenue sharing agreement with an independently produced feature film and a second agreement with a ten episode cartoon series.
Rangemore Film Productions Corp. is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Rangemore Film Productions Inc's filings with OTCMarkets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
©2012 PR Newswire. All Rights Reserved.