SANTA MONICA, Calif., Oct. 18, 2002 (PRIMEZONE) -- Internet Studios (OTCBB:ISTO) announced today an update on its corporate activities.
Management reported that, since the beginning of 2002, Internet Studios has been focused on the completion of its corporate restructure and fine-tuning the Company's Business Plan.
Management has successfully completed the following in fiscal 2002:
- Completion of Corporate Restructure - Completion of financing for operations through the restructure period - Initial 'Soft' Relaunch of Company and Online Platform - Completion of financing to fund operations through 'soft launch' period. - Completion of Audit - Re-listing on the NASD OTC BB - Reintroduction of ISTO to the investment community
Internet Studios (ISTO) management is actively evaluating a number of potential business combinations and pursuing additional investments to further its corporate goals.
Robert MacLean, Chairman of ISTO, commented, "Internet Studios is fortunate to be in a position to capitalize on the current environment in the Entertainment Media space. Our primary strategy now is to move towards integrating our existing online marketing capability with more traditional releasing and distribution activities and to aggressively acquire undervalued media assets. I am confident that the company will complete a significant transaction before the end of the year."
Below is a summary of Press Releases since January 2002. Please click the links or go to www.internetstudios.com to read the full releases.
Fri. Aug. 23, ISTO.OB: Internet Studios Elevated to NASD OTC Bulletin Board Effective August 20, 2002 -- PrimeZone Media Network
Fri. Aug. 2, ISTO.PK: Internet Studios Becomes Fully Reporting and Compliant with the SEC and NASD -- PrimeZone Media Network
Mon. Jul. 29, ISTO.PK: Internet Studios Files Q2, Q3 and 10K for 2001 -- PrimeZone Media Network
Thu. Jun. 13, ISTO.PK: Internet Studios and The DISCOP Organization Form Revenue-Sharing Joint Venture -- DISCOP+ -- PrimeZone Media Network
Tue. May 28, ISTO.PK: Internet Studios Debuts Upgraded OnlineFilmandTVSales.com Website; Re-Launches Web Site With Added Industry Info, Features -- PrimeZone Media Network
Internet Studios, (OTC BB: ISTO) headquartered in Santa Monica, California, is a leading marketer/distributor of filmed entertainment utilizing its proprietary online platform and related technologies to create efficiencies in an estimated 100 Billion Dollar Global Industry.
Internet Studios, through its subsidiary OnlineFilmandTVSales (OFTVS) owns the most advanced and proprietary online platform & database to transact film and television rights globally. For more information about Internet Studios, visit www.internetstudios.com.
Investor Communications 1-888-784-6166 ext.1 or email ir@internetstudios.com
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.