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FMLY PR - Family Room Entertainment Officer Purchases Additional Shares on the Open Market
Last update: 7/23/2007 8:00:29 AM
LOS ANGELES, Jul 23, 2007 (BUSINESS WIRE) -- Family Room Entertainment Corporation (FMLY), in accordance with Regulation "FD" (Full Disclosure), would like to announce that Co-chairman and CEO George Furla purchased 10,000,000 shares of FMLY on July 20th on the open market at a per share price of $0.0006. To date, George Furla has purchased 228,606,200 shares of FMLY.
About Family Room Entertainment:
Family Room Entertainment Corporation, with its subsidiaries, Emmett Furla Films Productions ("EFFP"), Emmett Furla Films Distribution ("EFFD") and EFF Independent ("EFFI"), is a publicly held company trading on the NASDAQ Bulletin Board under the symbol "FMLY". Family Room Entertainment develops, produces and performs production related services for the entertainment industry. Family Room Entertainment's goal, through EFFI and EFFP, is to facilitate relationships (and as such, provide production related services) between creative talent (including writers, actors and directors) and companies who produce, finance and distribute motion pictures. FMLY derives its income from producer fees, production consulting and service fees and royalties as well as participation in the profits, if any, of certain of the pictures it produces.
The FMLY co-founders, Randall Emmett and George Furla, believe that they have the expertise and contacts within the entertainment industry, specifically in the competitive development, production and distribution arenas, to profitably acquire content, package product by adding value to the content with top quality talent and arrange with third parties to produce and finance motion pictures which are in the moderate to higher level budgets, which can be distributed by those with the expertise to effectively do so to a mass worldwide audience. However, there is no assurance that any motion picture, which has not yet been released, will be released, that a change in the scheduled release dates of any such films will not occur or, if such motion picture is released, it will be successful.

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