Cult Movies Online was purchased from Mr. James Golff in an
all-stock transaction. Mr. Golff will head up the new IBC
Entertainment Group, with Cult Movies Online as its first component.
In addition to creating and developing Cult Movies Online, Mr. Golff
has vast experience, knowledge and contacts in the Hollywood film
industry. He has nearly 25 years' experience in all facets of motion
picture production, media licensing, content distribution,
advertising, marketing and online streaming media development from
concept to finished product. Mr. Golff was Executive Producer for the
cult movie classic "Hollywood Chainsaw Hookers," and orchestrated its
theatrical world premiere at the renowned Hollywood landmark Egyptian
Theatre.
Daryn Fleming, President of IBCS, said, "With the major movie
studios and other entertainment content providers in the entertainment
industry already household names, the untapped markets are niche
areas. We believe that there is a huge untapped market for narrow,
focused, and specialized content. This is the direction we are moving
in. Just as the OTCBB News Network focuses on a niche market in the
world of finance, the IBC Entertainment Division will enable us to go
after specialized markets within the entertainment industry. This
makes the IBC Entertainment Group highly attractive for our business
plan."
