Share Structure Information Per TA (08-16-18)
ABOUT THE MOVIE STUDIO
The Movie Studio, Inc. (Ticker Symbol: MVES) is a publicly traded media and motion picture production and distribution company. The Company is the premier full production movie studio in Miami, Florida area. Our production department is complete with insert green screen for special effects, edit suites, lighting, equipment and utilizes a variety of 4K HD “Red Dragon” cameras as used in the recent blockbuster “Jurassic World.”
The Movie Studio distributes films via it’s subsidiary Emerging Pictures. Emerging Pictures is a proprietary, all-digital Film and Alternate Content network of movie theaters. Through its network of theaters, The Movie Studio’s Emerging Pictures brand cost effectively exhibits critically acclaimed films, cultural programming, art films, documentaries, foreign language films, independent cinema, concerts and more. Using data and social media analysis together with seamless digital delivery to theaters, the Emerging platform enables Distributors and Exhibitors to be more effective and innovative in their distribution strategies and programming decisions.
The Movie Studio was founded by industry veteran and accomplished CEO, Gordon Scott Venters who has been featured in both Forbes Magazine and The New York Times. The Movie Studio is a vertically integrated motion picture production and distribution company based in Hallandale Beach, Florida. The Company’s studio is located at Gulfstream Park, a 300-million-dollar development. The studios “backlot” is complete with private streets, shops, bars, restaurants, casino, and sports complex where it produces motion picture content.
The Movie Studio Inc. Latest Release “Dancing on the Edge” Scheduled for Release on Amazon Prime and Completes Initial Content Ingestion With Vu-Me App
Press Release | 07/12/2018
FT. LAUDERDALE, Fla., July 12, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC:MVES) www.themoviestudio.com announces an additional agreement for distribution of its latest release “Dancing on the Edge” on Amazon’s (NASDAQ:AMZN) Video on Demand service.Through an additional distribution agreement with All Channel Films, Inc. Amazon.com, through its Amazon Prime Video on Demand (VOD) service, has agreed to release The Movie Studio, Inc.’s latest release “DANCING ON THE EDGE”. Amazon Prime, Amazon’s premium streaming Video on Demand (VOD) service with over 80 million users has approved Dancing on the Edge to go live on July 16, 2018.
Dancing on the Edge is a family drama written, Produced and Directed by Alexander MacKenzie and a winner of ten (10) independent film awards. The beautifully written and directed picture tells the story of young Corey an adolescent teenager with dreams of becoming a ballerina before peer pressure led to substance abuse. Corey must overcome the challenged to get back to what matters most, Dancing. Dancing on the Edge stars up and comer Nichole McCollough. She is supported by Emily Abramson, Tom Zalkato, Alisa Rakoz, Heidi Geil & Victor Morris who complete the ensemble cast. Dancing on The Edge was produced by Highland Light Productions.
The domestic VOD rights were facilitated and licensed by All Channel Films. All Channel Films is a distributor of feature films for the United States and Canada with three decades in business under their belt. All Channel Films is a well-known distributor to the DVD, VOD, Digital, EST, SVOD, Pay, basic and free platforms of distribution and has been supplying all the major and lesser outlets including but not limited to Amazon, Showtime, HBO, Starz, Epix, Hulu, Netflix (NASDAQ: NFLX) etc.
Further, The Movie Studio has successfully ingested its motion picture content into its Vu-Me App. The Vu-Me App, developed by Lotus Research Inc. is an on-line aggregation platform for intended geo-fractured distribution, of it’s movie library and upcoming new releases. The Movie Studio, Inc. received correspondence by the Founder of Vu-Me that confirmed that final launch will be by August 31st 2018 with an App Store Optimization campaign.
Grand Havana Inc. Launches National Advertising Campaign "IT'S SO MIAMI"
MIAMI, Apr 17, 2018 (GLOBE NEWSWIRE via COMTEX) --via OTC PR WIRE-- Grand Havana, Inc. (otc markets:GHAV) has launched a new national advertising campaign titled Grand Havana Coffee, "IT'S SO MIAMI." Through a strategic partnership with The Movie Studio, Inc. MVES, +0.00% www.themoviestudio.com , The Company has just completed a fifteen (15) second social media commercial for association with the Movie Studio. The initial campaign is a comedic movie set where movie star EXCELINA enjoys her cup of Grand Havana coffee and features Debra Cohen from the movie and Muhammad Ali Jr. using the tag line that made his father one of the greatest athletes of this century. "I'm The Greatest" and calling Grand Havana coffee "It's the Greatest." Mr. Bustelo representing Grand Havana featuring our new national slogan "IT'S SO MIAMI".
In addition, The Movie Studio completed an additional commercial spot for Grand Havana starring EXCELINA for mainstream brand association of Grand Havana Coffee.
The Commercial ads can be found at YouTube: https://m.youtube.com/watch?v=JS-HiAGNnY4 All of the print and TV ads can be found in the advertising section of www.grandhavanacoffee.com
The Movie Studio Inc. Announces Pre-Production of 2018 Upcoming Movies "CAUSE & EFFECT" and "PEGASUS"
FORT LAUDERDALE, Fla., March 28, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC Pink:MVES) (www.themoviestudio.com) proudly announces pre-production of “CAUSE & EFFECT” and “PEGASUS.”
The Company announces development of the infrastructure of two wholly owned intellectual properties: “CAUSE & EFFECT,” an action thriller, and “PEGASUS,” a horse power driven family story and the Company's signature film.
Historically, since 1979, according to BoxOfficeMojo.com horse featured films have grossed an average lifetime gross of $23 million.
Utilizing the Company's unique business model of location and product placement integration, The Movie Studio, Inc. (OTC Pink:MVES) will begin to strengthen worldwide distribution, pre-sale and pick-ups of the feature films prior to production.
Upon successful pre-production of the intellectual properties, the Company intends to move forward with the “locked down” locations, product placement and then proceed to securing the principal establishing shots, talent and music and soundtrack components.
The Company has utilized this manufacturing methodology in its last two completed films that have proven to add substantial production value while reducing significant capital expenditures (CAP-X).
The Movie Studio, Inc. Prepares Launch of the Movie Studio Network
HALLANDALE BEACH, Fla., Feb. 21, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC Pink:MVES) Themoviestudio.com is pleased to announce the final phase prior to launch of The Movie Studio Network facilitated by its new website along with its live application to provide an OTT (Over The Top) platform. www.themoviestudio.tv
In addition to its recently announced revenue share with Amazon.com, The Movie Studio, Inc. (OTC Pink:MVES) is about to launch The Movie Studio Network and movie streaming platform. The integrated platform streams media from its content aggregator allowing live broadcast and pay per view channels of major networks while allowing a truly uncensored live feed for “red carpet” and “behind-the-scenes” celebrity interview(s) and Movie Studio events.
Revenue could be further realized with compatible marketing content and promotions as well as through on demand viewing of the Company’s movies and associated media content.
These new assets which house The Movie Studio, Inc.’s content, will create an access portal for foreign territory distribution that could provide us control of worldwide distribution and could disrupt the current foreign territory model.
Gordon Scott Venters, the President and CEO commented, “As we continue to vertically integrate The Movie Studio brand and with our new OTT platform and website we could leverage our content on a multitude of channels and devices.”
The Movie Studio, Inc. intends to further monetize the aggregated assets of the Company, including its own original content as well as previously acquired networks and content from Emerging Media Corporation and Strategic Partners Ethos Media Network utilizing the new OTT platform. This is in addition to our recently announced Vu-Me App.
Venters continued, “Since our release of February 7th, monetization has begun through our Revenue share with Amazon.com. We are excited to see execution on our plan and we are looking forward to continued growth and further increased shareholder valuation on implementation of our business model.”
The Movie Studio, Inc. Begins to Monetize Content Through Revenue Share With Amazon.com and Prepares Launch of Vu-Me App
HALLANDALE BEACH, Fla., Feb. 07, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC:MVES) www.themoviestudio.com is pleased to announce that it has begun to monetize its content through a revenue share with Amazon.com as it prepares to launch its proprietary “Vu-Me” app.
Through utilization of Amazon’s Video on Demand (VOD) platform, The Movie Studio, Inc. will be streaming its bundled motion picture content across Amazon’s Content Delivery Network (CDN) on a revenue share basis. MVES’s revenue share, subscription based digital media marketing will be accompanied with a “Win A Part” in a movie contest online on The Movie Studio’s website for upcoming Movie Studio feature film releases.
The Movie Studio, Inc., is currently completing its integration of the “Vu-Me” app, of which it will import all of its unique content. The “Vu-Me” app will serve as a back end “bank” generating an additional revenue stream as a value-added product and will become the centralized mobile “gate” of the Company’s content. The “Vu-Me” App, once the beta test is completed will be launched as a subscription-based model targeting $2.99 /month or $29.99 /year recurring, with bonuses in the form of The Movie Studio merchandise, including movie posters and t-shirts. MVES could adjust its subscription pricing to accommodate demand and potential. The company believes, it will be able to magnet, though OTT technology, millions of users to its pay subscription model translating to a significant revenue stream for The Movie Studio, Inc.
Gordon Scott Venters the President and CEO of The Movie Studio, Inc. stated: “Without question the most valuable asset of The Movie Studio is our brand and with our new OTT technology platform supported by numerous verticals that when cross pollinated, and leveraged with our content on a multitude of channels and devices could raise The Movie Studio brand and business model into major independent studio recognition
The Movie Studio Inc. Executes Strategic Partnership Agreement With Ethos Media Network, Inc. and Alignment of Motion Picture and Television Content for Digitization and Company Media Platforms
The Movie Studio, Inc. (OTC:MVES) (the "Company") www.themoviestudio.com located at Gulf Stream Park proudly announces execution of a Strategic Partnership Agreement with Ethos Media Network, Inc. (OTC:EOMN) www.ethosmedianetwork.com and initiating alignment between The Movie Studio brand and content with Ethos Medias and business models for potential vertical integration. Ethos Media is the owner of brands Eye on South Florida, Eye on Gulfstream, Eye on LA and numerous other content platforms delivering Television segments and multimedia content. The Company intends to immediately accelerate it relationship by integrating the Companies physical business operations and cross pollination of synergistic media and content throughout its websites and controlled or licensed universal media distribution platforms.
"The Movie Studios motion picture content aligned with Ethos Media's digital platforms; live television shows and segments of quality entertainment content fits perfectly into our distribution platform, expands our global footprint focused on the millennial market reaching our target demographic with completed movies and television, new movies and shows providing a new business model available on all devices," Jack Namer The President and CEO of Ethos Media Networks announced today.
MVES - A Great Acquisition Candidate for Netflix or Helios & Matheson
Miami, FL -- December 19, 2017 -- InvestorsHub NewsWire -- EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on The Movie Studio, Inc. (OTC Pink: MVES).
MVES may not be at these levels much longer.
The Movie Studio, Inc. (OTC Pink: MVES) is positioned to be a great acquisition target for streaming providers that continue to invest billions of dollars in original content. Netflix, Inc. (NASDAQ: NFLX)’s content chief, Ted Sarandos, told Variety in an interview in August that the company “will spend $7 billion to $8 billion on content in 2018.” After successfully launching “Exposure” and “Bad Actress” on Amazon Prime, The Movie Studio, Inc. (OTC Pink: MVES) has a proof of concept and launch pad for further original content distribution.
According to analysts at Statista, the global video streaming market is forecast to see revenues grow from $12.57 billion in 2017 to $18.65 billion by 2022, representing a compound annual growth rate (CAGR) of 8.30%.
Through the acquisition of Emerging Pictures, The Movie Studio, Inc. (OTC Pink: MVES) gained a network of 130 theaters and is working to secure licensing rights to distribute “up to” 1,800 movies in the catalog. This is a major step for the company, in what appears to be a potential parallel to Helios & Matherson’s (NASDAQ: HMNY) MoviePass, however The Movie Studio has access to legacy content, library content or new content “Owned” by The Movie Studio, Inc.
Helios and Matheson Analytics, Inc. (NASDAQ: HMNY): The company, which also owns and operates the popular MoviePass app, utilizes a subscription-based model that allows consumers to see one movie per 24 hours. The technology is available in 91% of the almost 40,000 theaters across the United States.
MoviePass is a relatively similar concept to The Movie Studio, Inc.’s (OTC Pink: MVES) recent acquisition, Emerging Pictures and its ability to deliver commercial-grade video on demand services. The Movie Studio, Inc. (OTC Pink: MVES) now has a network of over 130 theaters in the US, with the rights to distribute over 1,800 movies. As of December 2017, Helios and Matheson Analytics, Inc. (NASDAQ: HMNY) has a market cap of $113.6 million and a share structure consisting of 12.44 million shares outstanding and a float of 5.02 million shares. During the third quarter 2017, the company reported total revenue of $1.17 million and a net loss of $43.46 million.
Overall, The Movie Studio, Inc. (OTC Pink: MVES) is well positioned to be acquired by one of the larger streaming entertainment companies, as they bolster their budgets in an effort to compete for top original content.
RLJ Entertainment, Inc. (NASDAQ: RLJE): The diversified digital content channel company is engaged within the acquisition, development, production, and distribution of digital content and TV programming. The company operates three main subsidiaries: Proprietary Subscription-Based Digital Channels, Intellectual Property Licensing, and Wholesale Distribution. RLJ Entertainment, Inc. provides original and third party licensed programming to its content channels: Acorn, RLJE Films, Urban Movie Channel, Acacia, and Athena. As of December 2017, RLJ Entertainment, Inc. has a market cap of $53.46 million and a share structure consisting of 14.07 million shares outstanding and a float consisting of 3.43 million shares. During the third quarter, the company reported total revenue of $20.9 million and a net loss of $2.72 million.
Lions Gate Entertainment Corp. (NYSE: LGF): The company operates within the production and distribution of motion pictures, TV programming, home entertainment, and more. Lions Gate Entertainment Corp. operates three main segments: Motion Pictures, Television Production, and Media Networks. Furthermore, the company has become a household name after successful producing “The Hunger Games” series, “La La Land,” “The Expendables,” and the “John Wick” series. Lions Gate Entertainment Corp. has a market cap of $6.39 billion and maintains a share structure consisting of 81.27 million shares outstanding and a float of 67.50 million shares, as of December 2017. During the third quarter 2017, the company reported total revenue of $940 million and net income of $15.5 million.
Twenty-First Century Fox, Inc. (NASDAQ: FOXA): The film and television production giant is responsible for some of the greatest movies of last decades: “Star Wars,” “Independence Day,” “Avatar,” “Home Alone,” “Planet of the Apes” series, and countless others. The company’s television unit also produces some of the most well known shows on TV: “Empire,” “This Is Us,” “Modern Family,” “American Horror Story,” and many more. Twenty-First Century Fox, Inc. has a market cap of $61.53 billion and maintains a share structure consisting of 2.32 billion shares outstanding and a float of 1.04 billion shares, as of December 2017. During the third quarter 2017, Twenty-First Century Fox, Inc. reported total revenue of $7 billion and net income of $855 million.
The Walt Disney Company (NYSE: DIS): The diversified entertainment company operates three main business segments: Media Networks, Parks and Resorts, and Studio Entertainment. Within its Media Network business, The Walt Disney Company operates cable networks, such as ABC, ESPN, Disney Channel, Freeform, and various radio broadcasting outlets. The company’s Studio Entertainment business produces and acquires animated and traditional motion pictures through its well-known subsidiaries: Walt Disney Pictures, Marvel, Lucasfilm, Pixar, and Touchstone. As of December 2017, The Walt Disney Company has a market cap of $157.98 billion and maintains a share structure consisting of 1.51 billion shares outstanding and a float of 1.44 billion shares.
The company has produced numerous original films and content, which has been distributed all over the world. and is now breaking into the upper echelons after the successful release of “Exposure” and “Bad Actress” on Amazon Prime Video.
The recent rise of MoviePass proves that The Movie Studio, Inc. (OTC Pink: MVES) has the ability to succeed, by comparison of their technologies within the motion picture and theater industry. After acquiring Emerging Pictures, The Movies Studio, Inc. (OTC Pink: MVES) now has a network of 130 theaters and the rights to distribute 1,800 movies, procuring management’s vision to be a major player in the commercial-grade video on demand business, while on track to be a major benefactor from the growing streaming video industry.
The Movie Studio Inc. Announces Theatrical Release World Premier of “Bad Actress”
HALLANDALE BEACH, Fla., Dec. 13, 2017 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC:MVES) proudly announces the Theatrical Release World Premiere of “BAD ACTRESS” at The Classic Gateway Theatre December 14th, 2017 in Ft. Lauderdale Florida.
The Movie Studio Inc., intends to utilize the theatrical release of BAD ACTRESS to connect with our Sponsors, Locations and Strategic Partners of the movie and gauge information from the participants in the independent feature film. The Movie Studio, Inc. will also beta-test and evaluate and analyze the ability of the Company to deliver independent motion picture content to theatrical platforms by the ingestion of the content directly and digitally into the theater’s projection system, increasing the optics of the motion picture content while providing the highest resolution and elimination and potential signal degradation or disruption of the playlist of the content that could occur by delivering the content via the internet. The beta-test theatrical screening of Bad Actress will be utilized to drill down on the Company’s recent acquisition of Emerging Pictures and the Companies One Hundred and Fifty (150) theater venues that currently have servers and forward storage capabilities as the Company evaluates independent motion picture theatrical application prior to re-integration of the Emerging Pictures network targeted for 2018.
The Movie Studio Exhibits at the 2017 American Film Market and Announces New Business Model of Independent Movies Content Aggregation and Acquisition of Emerging Pictures Independent Theatrical Distribution for Theatrical Movie Distribution and Worldwide
HALLANDALE BEACH, Fla., Nov. 01, 2017 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC PINK:MVES) proudly announces exhibiting at the 2017 American Film Market in association with Cinema Arts Entertainment to present The Movie Studio's list of feature films in its film library for worldwide distribution and the solicitation of the release of its motion pictures for worldwide distribution including EXPOSURE currently on Amazon Prime in 80 million homes, as well as the new release of "BAD ACTRESS," starring Colombian sensation "EXCELINA" and Michael Gibb, son of Barry Gibb from the world famous "Bee Gees." The company intends to aggregate new movies from other independent studios onto its newly acquired Emerging Pictures Theatrical Distribution on the platform.
The Company will be represented at the American Film Market November 1st -8th in Los Angeles, California to license worldwide distribution territories of its completed films, EXPOSURE & DANCING ON THE EDGE, EXOTIC BRIDE. "We are excited about all our recent developments, and the parties' participation and our recent acquisitions with our business model as we continue to galvanize our strategy in the theatrical and worldwide motion picture distribution market," Gordon Scott Venters, the President & CEO, announced today.
The Movie Studio, Inc. is currently involved with substantial feature film projects, music videos, television shows and other intellectual properties.
The Movie Studio, Inc. Executes 5 Year Content License and Revenue Participation Agreement With Lotus Research, Inc. for Vu-Me White Label Movie Studio On-Line App Platform
HALLANDALE BEACH, Fla., Oct. 19, 2017 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC:MVES) (the "Company") The Movie Studio is pleased to announce that it has successfully negotiated a content license and revenue participation agreement with Lotus Research, Inc. for the Vu-Me on-line content aggregation and application platform. The Movie Studio and Vu-Me App Platform intend to implement an on-line platform and dashboard for "The Movie Studio" with a subscription based credit card interface to access The Movie Studio library and "New Releases" of owned and licensed content available for Video on Demand (VOD) to monetize the content including a back end "bank" In addition to the VOD Platform, The Movie Studio intends to integrate in the acquisition of Emerging Pictures and all of its assets, including its proprietary intellectual property, which includes an innovative technology for a Commercial VOD (Video on Demand) digital delivery platform presently deployed in over 130 theaters, as well as digital distribution rights to potentially many hundreds of films. The technology can also be used to gauge consumer demand as well as provide advanced data analytics to match and deliver content. This enables providers and exhibitors to be more effective and advanced in their distribution tactics and have greater direct contact and feedback from their audiences. The network of over 130 theaters in which the VOD hardware is presently deployed spans 36 states in the U.S.
"With many competing apps available to consumers, Lotus Research opted to leap ahead of the technology wave with several important features," noted Leo Pimentel. These features include: (1) low latency across WiFi and cellular networks; (2) 4K and HD streaming and playback; (3) a proprietary compression algorithm; (4) rapid share-ability across social networking sites and communication channels; (5) machine-learning algorithms to refine and enhance search and content relevance; and (6) effective content tracking across all platforms on and off Vu-Me for robust and accurate reporting and metrics gathering. Leo Pimentel, CEO & Founder, stated today.
About Lotus Research, Inc.: Lotus Research is headquartered in New York City and was founded by Leo Pimentel in 2014. With a mobile-first approach, Lotus Research emphasizes advanced technology, exceptional product design, and immersive user experiences to bring practical and entertaining solutions to market.
"Vu-Me (http://vu.me) is The Movie Studio "APP" that we have always envisioned and when completed, could accelerate The Movie Studio content and business model with a unique platform currently not implemented by any other independent motion picture Company and create unique value propositions for on-line subscribers aligning an APP for Theatrical Releases and subsequent VOD releases, would be a "Netflix for Movie Theaters" ideology with VOD on all your devices. Gordon Scott Venters, President and CEO stated today.
The Movie Studio, Inc. (OTC:MVES) Releases Original Film Suspense Thriller “EXPOSURE” Starring Corey Feldman on Amazon Prime Prior to Halloween
HALLANDALE BEACH, Fla., Oct. 17, 2017 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. (OTC:MVES) proudly announces an agreement with All Channel Films, Inc. for distribution representation and new release of its suspense thriller "EXPOSURE" on Amazon Prime. Amazon Prime is Amazon's premium streaming Video on Demand (VOD) service with over 80 million users.
"The Movie Studio is ecstatic to see our independent film EXPOSURE reach such a major distribution artery. We look forward to providing Amazon Prime with more broadcast quality independent content from The Movie Studio for years to come," Gordon Scott Venters The Movie Studio's President and CEO stated today.
The Movie Studio, Inc. Acquires Emerging Media Corporation and EMC’s Video on Demand Network, Movie Theater Commercial Platform, BigData Analytics for Consumer Demand and Anti-Piracy Movie Platform
HALLANDALE BEACH, FL / ACCESSWIRE / August 14, 2017 / The Movie Studio, Inc. (OTC PINK: MVES) (the "Company") is pleased to announce that it has successfully signed, executed, and acquired the private company Emerging Media Corp. (dba Emerging Pictures). The agreement was signed between the Company and Twenty Year Media Corp. The Movie Studio acquired 100 percent of Emerging Pictures' intellectual property (aka IP). The primary IP is a unique platform; a Commercial VOD (Video on Demand) digital delivery platform. The VOD platform is in use and is presently deployed in over 130 theaters, and is in digital distribution rights to many hundreds of films.
The Commercial VOD (Video on Demand) platform compares with business-to-business (B2B) Netflix, Hulu or Amazon Prime for movie theaters. It is vital in the industry because it provides seamless point-to-point digital distribution and lowers costs across the whole distribution network.
The Acquisition includes a BigData Analytics platform to gauge consumer demand, as well as provide advanced data analytics to match and deliver content (suggested videos or trending videos for example). This enables providers and exhibitors to be more effective and advanced in their distribution tactics and have greater direct contact and feedback from their audiences.
"By acquiring Emerging Pictures, its proprietary commercial VOD platform, and its other intellectual property assets, The Movie Studio will be able to expand its footprint to theatrical distribution and gain considerable market share in conjunction with expanded technological capabilities," announced Charles Miller, the Chief Operating Officer. "We are excited about the completion of the acquisition of Emerging Pictures into The Movie Studio's current vertical integration infrastructure. This acquisition provides The Movie Studio with direct access to theatrical distribution that has systemically proven to be a huge barrier to entry for independent feature film companies in the past," stated Gordon Scott Venters, President and CEO.
The Commercial VOD (Video on Demand) technology now owned by The Movie Studio is a far more efficient means of distribution, with the goal of increasing overall revenues for all parties in the motion picture production and distribution channels. It breaks away from the physical copies distribution format, DVDs or hard drive files, and eliminates piracy, revenue loss from copying and video manipulation. It will eliminate movie stealing and increases revenues for producers and the related companies impacted by that, and makes a strong case of revenue generation for MVES.
The Movie Studio, Inc. (OTC PINK: MVES) Engages PCAOB Auditing Firm to Proceed to Fully Reporting Status and Effectuate Agreement to Receive up to $5 Million Investment From GPL Ventures LLC
HALLANDALE BEACH, FL--(Marketwired - May 22, 2017) - The Movie Studio, Inc. ("MVES") (the "Company") (OTC PINK: MVES) The Movie Studio intends to proceed towards audited, fully reporting status as required with the filing of an S-1 Registration Statement with the SEC. As part of the process on May 17th, 2017, the Company entered into an engagement agreement with a PCAOB Member Accounting firm to audit the Company's 2015 and 2016 financial statements.
"We are taking the necessary steps to provide a higher level of transparency for our shareholders, investors and market makers as well as facilitate our executed agreement with GPL Ventures," stated Gordon Scott Venters, CEO of The Movie Studio Inc.
Pursuant to the executed Securities Purchase Agreement, the Company at its sole and exclusive option, may issue and sell to GPL shares of the Company's common stock equal to a value of up to Five Million Dollars ($5,000,000). The agreement requires that The Movie Studio file an S-1 Registration Statement and that it is deemed effective by the SEC qualifying the Company's Shares under Regulation A. Upon the S-1 Registration being deemed effective, the Company may now elect to trade on the OTCQB, OTCQX or other larger national markets subject to meeting minimum requirements.
In related news, on May 4th, 2017 OTC Markets announced that current Alternative Reporting Companies such as The Movie Studio are now eligible for the OTCQB Venture Market with the following requirements.
NEW OTCQB VENTURE MARKET MINIMUM REQUIREMENTS:
U.S. companies must have audited annual financials by a PCAOB auditor.
Minimum bid price of $0.01 per share for thirty consecutive days prior to listing
The Board of Directors must consist of two independent officers/directors
The Audit Committee must consist of two independent officers/directors