Seven Arts Entertainment Inc (SAPX)

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$SAPX News

Seven Arts Entertainment Announces Production Company Ownership Interest

ATLANTA, GA / ACCESSWIRE / June 16, 2022 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", is pleased to announce it has acquired a 7.5% interest in a Los Angeles based production company, Picture Pro LLC.

Picture Pro's team has years of experience, with a primary focus on raising capital for feature films through third party financiers and executive producers. This access to funding will enable Seven Arts to produce larger features and be much more competitive in the film industry.

Funding obtained through Picture Pro would be non-dilutive to Seven Arts shareholders as all capital raised would be backed by film assets rather than Company stock. Their extensive network of industry contacts has already proven to be an asset to the Company.

Additionally, as Seven Arts' fiscal year end approaches on June 30th, the Company anticipates an extensive shareholder update for the year ahead as well as several updates on its existing projects.

Stated Seven Arts' CEO, Jason Black: "Following a recent self-imposed quiet period to focus on development, the Company is excited to again begin informing shareholders of our progress and our plans going forward."

https://www.accesswire.com/705365/Seven-Arts-Entertainment-Announces-Production-Company-Ownership-Interest