MIAMI BEACH, FL, Oct. 15, 2013 /CNW/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) announces that it has retained Hub Consulting Services ("Hub") to
coordinate the building of Rangemore's film investment portfolio. Hub
(www.hubcs.com) will be responsible for sourcing and vetting potential film projects
for Rangemore as well as advising on production and distribution.
Under the terms of the Consulting Agreement (the "Agreement") Hub will
be paid a monthly retainer of $2,500.00 and a finder's fee equivalent
to 20% of the gross investment made in any film project that Hub is
responsible for introducing to Rangemore. The finder's fee will be
payable 10% in cash and 10% in stock. The term of the Agreement is for
a twelve month period.
Hub Consulting is a Vancouver based consulting firm headed by Mr. Tom
Locke. Mr. Locke is a founding member of MPPIA, the Motion Picture Production Industry Association of BC (www.mppia.com) and is currently the Vice President, Industry Relations for the International Quorum of Motion Picture Producers (www.iqfilm.org). Mr. Locke played an integral role in the founding of Rainmaker Digital Pictures Corporation ("Rainmaker") and was President and CEO of Gastown Post & Transfer, Western Canada's largest independent post-production facility which
evolved into Rainmaker. Mr. Locke also created and instructed a course
on professional skill development for the University of British
Columbia's award-winning 'Entertainment Administration' certificate program.
"We are very excited to be working with Hub" stated Richard Smith,
Secretary and Treasurer of Rangemore. "To bring in a partner with Mr.
Locke credentials is a major step forward for our company. We will be
looking to Mr. Locke to exercise his knowledge and influence in the
film industry to bring us quality film projects. With Hub on board we
will easily exceed our six month goal of having four film royalty
agreements in place. Hub has already introduced three new film/TV
projects for us to consider and there are more on the way." continued
About Rangemore Film Productions Corp.
Rangemore Film Productions Corp. is a publicly traded company who is in
the business of operating film studios and co-producing independent
Rangemore is currently in the process of identifying and acquiring
studio suitable properties in four key markets: Asia; South Africa;
Europe and North America. Potential acquisition sites will have to
meet certain criteria including: a low cost per square foot; easy
conversion into usable studio space; established local infrastructure;
establish local film industry; limited or non-existent competition;
available government tax incentives and mortgage financeable. The
identified acquisitions will be either purchased outright utilizing
debt funding and tax credit incentive programs or leased on a long term
Along with the studio operations, Rangemore will be actively investing
in and co-producing independent film productions. Currently Rangemore
has a revenue sharing agreement with an independently produced feature
film and a second agreement with a ten episode cartoon series.
Rangemore Film Productions Corp. is a Development Stage Company, as
defined by Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") 915, Development Stage Entities, and has
not yet generated significant revenues from their intended business
Forward Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See Rangemore
Film Productions Inc.'s filings with OTCMarkets which may identify
specific factors that may cause actual results or events to differ
materially from those described in the forward-looking statements.
SOURCE: Rangemore Film Productions Corp.
For further information:
For more information on Rangemore Film Productions Corp. please call 786.924.6579 or go to www.rangemorefilmproductions.com