Thursday, February 19, 2015 1:38:03 PM
Writers' Group Film Corp. Closes Share Exchange Agreement With Amiga Games Inc. and Provides Corporate Update
Date : 08/21/2013 @ 7:00AM
Source : Marketwired
Stock : Writ Media Group, Inc. (QB) (WRIT)
Quote : 0.0054 0.0 (0.00%) @ 8:57AM
Writers' Group Film Corp. Closes Share Exchange Agreement With Amiga Games Inc. and Provides Corporate Update
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Writers' Group Film Corp. (OTCQB: WRIT) is pleased to announce the closing of their Share Exchange Agreement (the "Agreement") with Amiga Games Inc. ("AGI"), a company that licenses classic video game libraries and republishes the most popular titles for smartphones, modern game consoles, PCs, and tablets. AGI leverages the intellectual property of Amiga Inc., and builds on the "Amiga" brand and technology to create new revenue from publisher's dormant game libraries. The agreement is for Writers' Group to receive 100% ownership of the common shares in Amiga Games Inc., in exchange for 500,000,000 shares of common stock of Writers' Group Film Corp. with a six month restriction period.
Patrick Roberts will continue in his role as President and Chief Operating Officer of AGI, and assist with the company's strategic expansion. Patrick has over 30 years of experience developing software for the entertainment industry. In 2003 he founded Lower Mars, one of the first third-party mobile developers, and with two partners grew it into a $16 million dollar company in less than 3 years. Lower Mars created and licensed middleware for mobile entertainment products, along with publishing its own entertainment applications. Clients and partners included Amiga, Microsoft, Nokia, Palm, and his former employer, the Walt Disney Company. Mr. Roberts' initial focus is on licensing additional gaming content for AGI and establishing and expanding its sales presence via additional distribution platforms. Mr. Roberts has already begun adding platforms and licensing additional gaming content for AGI; shareholders can track AGI's progress via our expanding gaming catalogue and distribution platform map which will published in the very near future, and updated frequently, via AGI's website www.amigagamesinc.com, the Amiga Games' Facebook page, and Twitter. Mr. Roberts states, "I am very excited about becoming part of the Writers' Group family and expanding Amiga Games' distribution capabilities; we will continue to license additional content and expand our emerging brand into new markets."
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