Company Seeks to Boost Investment by European Financial Community Through
Exposure on World's Third-Largest Exchange
TORONTO, Nov. 9 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF),
seeking to capitalize on the burgeoning global demand for high quality film
and television content, has announced that it has successfully become listed
for trading on the Frankfurt Stock Exchange, the largest exchange in Europe
and the third-largest worldwide. Devine trades on the Frankfurt Exchange under
the ticker symbol 3TD.
The Frankfurt listing is consistent with Devine's strategy to build
continued shareholder value by better enabling investment in the Company by
the European community. Devine Entertainment, a producer and distributor of
television and film content, conducts significant amounts of business
The Frankfurt Stock Exchange (FWB) is the world's third-largest trading
market, exceeded in activity by only the New York Stock Exchange and Nasdaq.
It is the largest of Germany's eight exchanges, accounting for approximately
85 percent of the country's securities trading.
"We look forward to broadening our exposure within the important
community of investors active on the Frankfurt exchange," said David Devine,
President and Chief Executive Officer of Devine Entertainment. "As an
entertainment company whose business and distribution has always been
internationally oriented, we believe that listing on one of Europe's leading
exchanges will enable us to better build value for our shareholders and
continue to execute our high-growth strategy."
Investors can access Devine's listing on the Frankfurt exchange by
visiting http://boerse-frankfurt.com and typing in the ticker symbol 3TD, or
through other financial information portals. The Company's WKN number is
903297 and its ISIN code is CA2519051056.
Revenue and Earnings Forecast
Devine recently announced revenue and earnings guidance for the first
three quarters of calendar year 2007, projecting significant revenue growth of
CAN $5.5 million, representing a 1600% increase over the $363,529 for the
comparable period in 2006. The Company also projected earnings in excess of $1
million for the first three quarters of 2007, a significant increase over the
$529,614 loss reported for the same period in 2006.
About Devine Entertainment
Devine Entertainment Corporation develops, creates, and produces
award-winning television programming and feature films for worldwide
distribution across multiple TV broadcast networks, cable and satellite
networks, DVD and Internet markets. Specializing in cultural and educational
programming as well as prime-time drama and comedy entertainment programming,
the Company's titles have garnered more than 120 international film and
television industry awards, including five Emmy and five Gemini Awards. The
Company partners with leading international distributors, broadcasters and
co-producers, such as Sony BMG, Rogers Media and The Carrere Group of France,
to produce and distribute its award-winning film and television titles.
Among Devine's critically acclaimed productions are its cultural and
educational film series on history's landmark Composers, Inventors and
Artists, which have been broadcast in more than 50 countries. The Company
continues to expand its proprietary library of high-quality film and
television content. Among its general-audience primetime programming is the
acclaimed one-hour mystery series, "Across the River to Motor City," delivered
to broadcasters worldwide in 2007. Headquartered in Toronto, the Company's
common shares trade on the NASD OTCBB market in the U.S. under the symbol
DVNNF, and on the Frankfurt Stock Exchange under the ticker 3TD. The Company's
corporate website is www.devine-ent.com.
Devine Investor Resources
- Investor-specific information and resources
- View current stock quotes and news.
- View or download a free Investor Fact Sheet about Devine.
This press release may contain forward-looking statements relating to the
future performance of Devine Entertainment Corporation. Forward-looking
statements, specifically those concerning future performance and the
achievement of operating profitability are subject to certain risks and
uncertainties, and actual results may differ materially. These risks and
uncertainties include the market acceptance of the Company's products and
services; competition within the film and entertainment industry and the
introduction of new entrants and/or products in the Company's markets; adverse
changes in governmental regulations and policies affecting the film and
entertainment industry; product development risks and risks of technological
change; the risk of unanticipated expenses; and other risks and uncertainties
all as described in the disclosure documents filed with securities regulatory
authorities in accordance with applicable securities laws. Readers are
cautioned that the foregoing list of factors is not exhaustive. Although the
Company believes that the expectations conveyed by the forward-looking
statements are reasonable based on information available to it on the date
such forward-looking statements are made, no assurances can be given as to
future results, levels of activity and achievements. All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. The Company assumes no obligation to
update forward-looking statements should circumstances or management's
estimates or opinions change.
For further information:
For further information: Contact: Devine Entertainment Corporation,
Arnold Tenney, Richard Mozer, (416) 364-2282, Toll-free: 1-877-338-4633,
email@example.com or Trilogy Capital Partners, Financial Communications:
Ryon Harms, Toll-free: 1-800-592-6067, firstname.lastname@example.org