Camelot Entertainment Group, Inc. (fka CMGR)

[jimstock]

http://www.i-newswire.com/camelot-entertainment-entertains/41098

Camelot Entertainment , Entertains Offers on the Table for Merger and Acquisition

Camelot Entertainment Group, Inc., a development stage company, operates in the film, television, digital media, and entertainment industries. It focuses on the motion picture production and distribution, television programming, production and syndic

(I-Newswire) June 5, 2010 - LionsGate Films announced today that they have entered into a definitive negotiations agreement under which " The Company " will bid for Camelot Entertainment , a production and entertainment company. The talks are expected to conclude no later than last quarter this year.
According to Preliminary talks, $1.99 per share represents a premium for Camelots common stock , the transaction, and premium of Camelots common stock would represent a premium before a potential 1:1 stock merger under refinement and succesful bid for Camelot Entertainment.

A blog Post by Camelot Entertainment says:

"There can be no assurances that the contemplated transaction will be consummated under the terms outlined in their respective letters of intent or at all. Until we accept a offer we are still entertaining other offers still on the table. "

While we have been very interested in entering negotiations with LionsGate Films we have also been approached by the Oracle of Omaha Warren Buffet himself. We have not yet forged a time to sit down with the investment genius however it just may be a option worth exploring. There is allot going on right now it will take a few months for the company to digest the offers and come up with something substantial in the way of decisions but the future looks bright.

Camelot Entertainment GroupJonathon Russo(772) [e-mail] Distribution GroupMedia Contact:Jessica Kelly(818) [e-mail]

About Camelot Entertainment:
Camelot Entertainment Group, Inc., a development stage company, operates in the film, television, digital media, and entertainment industries. It focuses on the motion picture production and distribution, television programming, production and syndication, home video acquisition and distribution, digital media production and distribution, development and operation of studio facilities, development of new technologies, and distribution of filmed entertainment worldwide. The company was founded in 1999 and is headquartered in Irvine, California.

Company Contact Information
Camelot Entertainment
John Rush
3267 Sunset California
90210
Phone : [phone]

Check out the above referenced contact information which ids John Rush. Has anyone heard of John Rush being affiliated with CMGR? I have called the number and it answers as a fax machine. It's has to be a joke! imo.