December 31 - POW! Entertainment Expands Ties with Disney Building on an already successful three year creative and business relationship, POW! (Purveyors of Wonder) Entertainment Inc. (OTC: POWN), the advanced media and entertainment company led by comic book and motion picture icon Stan Lee, announced today it is deepening its ties with The Walt Disney Company.
Enhancing our relationship with one of the worlds most creative and innovative entertainment companies makes perfect sense given all the exciting projects we have underway, said Lee, Chairman and Chief Creative Officer of POW! Disney has been a great partner for us and we look forward to working closely with them in the coming years. In addition to the huge creative opportunity this affords POW!, it also provides for the next positive stage in the expansion of the company itself." Walt Disney Studios entered into a first-look deal with POW! in 2007 and since then has worked closely with the world-renowned Lee on the development of a number of projects. Under the new arrangement, Walt Disney Studios expands that relationship through enhanced rights to the creative output of POW! as well as certain exclusive consulting services. Disney will also take a 10% equity stake in POW! for $2.5 million.
Earlier this year, Disney agreed to acquire Marvel Entertainment Inc., the company that owns the most iconic characters associated with Lee, including Spider Man, The Incredible Hulk and X Men. Marvel shareholders were expected to vote today on the transaction.
Stan has incredible creative energy and continues to come up with great original stories that can work across many of our platforms, ranging from console games to motion pictures and from our boys-focused Disney XD network to mobile devices, said Bob Chapek, President, Worldwide Distribution, Walt Disney Studios. Put that together with his knowledge and familiarity of the Marvel universe and it makes perfect sense to extend our excellent working relationship with Stan and POW! DAVID LOREN CORPORATION (OTC: DLCR) "Up 200.00% on Monday" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N1&L15&F=T Founded in 2006 by apparel industry executive David Loren, David Loren Corporation (www.davidlorencorporation.com) is engaged in the design, production and wholesale merchandising of quality `Moderate to Better- price point` women`s apparel to major department stores, mass merchants, specialty chains and direct-to-consumer merchants. Headquartered in Los Angeles, California, the Company designs and produces private label product and four distinct product lines that include David Loren Collection, David Loren Dress, David Loren Beverly Hills, and David Loren Studio. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel, and target consumer. The Company contracts for the manufacture of its product lines through a worldwide network of quality manufacturers.
Stan should let the cat out of the bag before he suffocates. His lips are sealed inside a cone of silence. He's now promising to inform the brigadiers of some big developments in the near future. The future can't come soon enough for me! Stan's gotta fortify POW's stock price for his loyal legions. Like Mr. T, I pity the fool who sells his shares at this fire sale price! Buyers will fulfill all their financial desires. Where can I get a $10,000 loan? I promise to spend every cent of it getting rich on POW shares at these flea market prices!
The most recent shareholder letter was sent out on 2/20/10 - 3 months ago. In the letter Stan states: "First let me start with an apology. This letter is long overdue. From now on I plan to report to you more often.”
I reminded POW! of Stan’s plan yesterday in hopes we might get a new report in the near future. Let's hope so!
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