MIAMI BEACH, FL, June 15, 2014 /CNW/ - Cre8tive Works, Inc. ("Cre8tive") (OTC:FILM) announces that the previously announced Asset Purchase Agreement between Cre8tive and InSight Media will not be closing and the agreement has been terminated.
"The InSight Media project is an interesting opportunity but we want to focus on our core business of funding and producing quality independent film projects," stated Richard Smith, Secretary & Treasurer of Cre8tive. "We would like to thank InSight Media and its principals and wish them all the best for their future endeavors," continued Mr. Smith.
About Cre8tive Works, Inc.
Cre8tive Works, Inc. is a Miami Beach based company that specializes in the financing of compelling, production ready, independent films and documentaries. Our mandate is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return for our shareholders. Cre8tive Works, Inc. is a publicly traded company having its common shares quoted on the OTC Markets under the symbol FILM.
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 Cre8tive Works, Inc.'s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE: Cre8tive Works, Inc.
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