IRVINE, Calif., Nov 19, 2008 (BUSINESS WIRE) -- Pacificap Entertainment Holdings, Inc. (OTCBB:PFEH), an early stage film developer announced today its audited financial filings (10K) and the initial process that will determine the next film investment.
"We have several new exciting projects on the table," said Mark Schaftlein, CEO, "and now that we are bringing our financial house in order, we can move quickly." Once the quarterly financial statements are filed, management expects that it will take 12-15 months to progress from an "Early Stage" company to maturity. Simultaneously with the financial work, management is reviewing potential film projects with expectations that an announcement can be made within the next 60-90 days.
Our interest in the successful TV show, American Cannibal was sold this past year and can now be seen on Showtime Network.
This Press Release contains or incorporates by reference "forward looking" statements including certain information with respect to plans and strategies of Pacificap Entertainment. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Pacificap Entertainment operations that could differ materially from those indicated by such forward looking statements.
SOURCE: Pacificap Entertainment Holdings, Inc.
Pacificap Entertainment Holdings, Inc. Mark Schaftlein, 949-833-9001
Copyright Business Wire 2008