UNIVERSAL CITY, Calif., Jan. 10, 2012 (GLOBE NEWSWIRE) -- Camelot Entertainment Group, Inc. (OTC:CMGR) ("Camelot") announced today that it has launched its recently announced relationship with JSJ Investment, Inc. in order to mutually strive for the enhancement of Company value, having now secured new financial resources to pursue announced plans.
"We are delighted to have a financial partner that understands the vision and growth potential of Camelot Entertainment Group and is looking at the long-term potential value and strength of our company. This is not always the case in funding arrangements which small and micro-cap companies attain, and it allows Camelot the luxury of concentrating on our core entertainment product base," said Camelot Chairman Robert Atwell.
"With a sound plan that assures minimum levels of capital over the next six months, we are preparing to give our team the enhanced resources to score industry successes with a major presence at a series of industry marketplaces throughout the world," Mr. Atwell added.
"Our executive team is ready to bring its entertainment industry expertise to a new level in 2012. Our focus is on the production and distribution of independent, commercial mass-appealing films. Look for us to announce performance based promotions to our team as the first quarter unfolds," Mr. Atwell concluded.
Complete details of the transaction with JSJ Investment, Inc. can be found on Camelot's website at www.camelotent.com or through Camelot's Form 8-K, which is available for viewing at www.sec.gov.
ABOUT CAMELOT ENTERTAINMENT
Camelot Entertainment Group, Inc. (www.camelotent.com) is a US publicly traded company (OTC:CMGR) with four divisions: Camelot Film Group, Camelot Distribution Group and its genre division, DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).
The Camelot Entertainment Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7074
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.