Company Discusses Initiatives to Continue Revenue Growth through Sales of
Television and Film Productions and Monetization of Film Library
TORONTO, Sept. 27 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF -
News), capitalizing on the global distribution of award-winning original film
and television content, invites interested investors to review the Company's
high-growth strategy outlined in a new investor fact sheet available online.
Some of the highlights outlined in Devine's investor fact sheet include
- Revenue guidance projecting $6 million for full year 2007 - twelve
times that of full year 2006.
- Projections of minimum 50 percent growth year-over-year through 2008-
- A proprietary film library independently valued at $0.25 per share or
$10 million, based on independent valuation.
- An active pipeline for 2007 and beyond including anticipated new
productions and renewals of existing programs.
- A focused plan to transition from successful children's programmer to
a fully integrated entertainment company.
- New programming development initiatives targeting all age
demographics, including the teenage and primetime adult age groups and
Devine has been honored with 120 film and television industry awards for
its family and primetime titles.
"We have already established Devine Entertainment as a producer and
distributor of top-quality, award-winning films and television programming,
and demonstrated the demand for our products in the marketplace," said David
Devine, the Company's President and Chief Executive Officer. "With our product
pipeline set to expand, and with a variety of distribution deals in place, we
are positioned to further boost revenues and earnings in the coming months and
years. I encourage all interested investors to review our investor fact sheet
and other informational materials."
To view Devine's investor fact sheet, visit
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 .
For investor-specific information and resources, visit
To view current stock quotes and news, visit
To view an investor fact sheet about the company, visit
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: (877) 338-4633,
firstname.lastname@example.org or Trilogy Capital Partners, Financial Communications:
Ryon Harms, Toll-free: (800) 592-6067, email@example.com