New Website Reflects Company's Strategies to Expand Global Sales and
Distribution of Award-Winning Titles and Series Franchises
TORONTO, Nov. 6 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF),
seeking to capitalize on the burgeoning global demand for high quality film
and television content, has announced the debut of a newly designed and
engineered corporate website to better enable sales of the Company's
award-winning film and television content, and to provide updated information
about strategic initiatives and business achievements.
The new website will provide information about Devine's library of
original films and television programming, which include internationally
acclaimed franchises targeting the children's and family entertainment
markets, as well as its prime-time films and programming. Devine recently
announced an updated valuation of its proprietary film and television library,
estimating the asset value at $10 million, or $.20-$.25 per share.
The new website design includes sections about the Company's film,
television, and online sales. It also includes a section for investor
"This newly designed website reflects Devine's continued growth as we
increase sales in the United States, Canada and throughout the world," said
David Devine, Chief Executive Officer of Devine Entertainment. "In addition,
we are continuing to build our production pipeline through production and
distribution partnerships with some of the entertainment industry's most
To visit the Devine Entertainment website, or paste
http://www.devine-ent.com into your browser.
Devine has also recently successfully executed in its strategic business
vision to expand its production strategy to include the adult-age, primetime
audience demographic. The Company has entered the primetime television market
with the critically hailed sophisticated cable television drama, "Across the
River to Motor City," which premieres in Canada this month.
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. 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: 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