IRVINE, Calif., Nov. 2, 2007 (PRIME NEWSWIRE) -- "Often, the harsh reality is that the market may not fully understand and value a company correctly," stated SmallCap Sentinel analyst D.R. Clark. "This can create a schism between the company's real value and their share price. But some companies take the proactive approach in expressing to the market what may as yet be overlooked. And the results can be compelling."
An informational report and research featuring Devine Entertainment Corporation (OTCBB:DVNNF) and of interest to investors in entertainment and production companies Image Entertainment, Inc. (Nasdaq:DISK), Navarre Corporation (Nasdaq:NAVR), and Walt Disney Co. (NYSE:DIS) is available at http://www.trilogy-capital.com/tcp/devine/factsheet.html
"For example, Devine Entertainment Corporation, which produces high quality film and television content, just released a newly updated estimate of the value of its film and television library at $10 million, further suggesting that the company's stock is presently trading significantly below the value of its assets. The .20 to.25 cents per share value is even further below a traditional industry multiple that would reflect Devine's business plan and expected growth," Clark continued. "In many ways, this bold statement by Devine is a wake-up call to the market."
"This information paired with recent revenue and earnings guidance for the first three quarters of calendar year 2007, projecting significant revenue growth of CDN$5.5 million, representing a 1600% increase over the $363,529 for the comparable period in 2006, certainly paints an interesting picture for Devine," Clark said. "Devine 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."
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.
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