Seven Arts Entertainment Inc (SAPX)

[sapxclassaction]

SAPX-MVES LoI, now is interesting
LOS ANGELES, CA / ACCESSWIRE / January 7, 2015 / Seven Arts Entertainment Inc. (now known as WirelessConnect Inc.) (OTC Pink: SAPX) (SAPX) ("Seven Arts" or the "Company"), a diversified company with motion picture production assets and wireless communications, is pleased to announce the execution of a Letter of Intent (the "LOI") with The Movie Studio Inc. (OTC Pink: MVES) (MVES) ("TMSI").

Under the terms of the LOI, the Company will assist TMSI to acquire a movie library of twelve titles. These titles were previously owned by the Company and assigned to a lender who is currently under liquidation. TMSI will pay cash and STOCK to acquire this library