MANCHESTER, N.H., May 19, 2010 (GLOBE NEWSWIRE) -- QED Connect Inc. ("QED Connect") (Pink Sheets:QEDN) today announced that its acquisition target, Nazz Productions Inc. ("Nazz Productions"), reported that its new suspense thriller titled "Good Day For It" has completed its director's cut and is currently screening at the 2010 Cannes Film Market. QED Connect recently signed a definitive agreement to purchase Nazz Productions.
As previously announced, Nazz has licensed international distribution rights to "Good Day For It" to Curb Entertainment, who is aggressively selling the film with full screenings into the marketplace. Curb plans to continue attracting distribution interest from international territories through May 22nd and to finalize contracts over the next 6 months for a late Fall 2010 release to the public.
Nazz holds all U.S. and Canadian rights to the film and will start to market those rights within the next several months. Nick Stagliano, producer and director of the film and president of Nazz, commented, "We are very excited by the early results from our initial market screenings. Additionally, with the picture cut finished we can now concentrate on the festival circuit as well as the strong domestic market."
Mr. Makmann, President of QED Connect, added, "Nazz Productions is making good progress toward getting this current Film to the market, and has several additional opportunities. We are very pleased with our relationship and look forward to the next the project with Nazz." The acquisition of Nazz Productions is scheduled to close in the next couple of weeks.
About QED Connect, Inc.
QED Connect, Inc. is a New York corporation which makes acquisitions, investments, and enters into strategic business partnerships. The Company seeks businesses with strong potential which QED can assist in achieving their plans and realizing their maximum potential. QED maintains the goals of portfolio expansion and entry into various market segments. It is QED's intention to help its partners and subsidiaries realize growth, and that growth would, in turn, enhance QED's ability to increase shareholder value.
About Nazz Productions, Inc.
Nazz is an independent producer and distributor of film and television entertainment content. The Company focuses on producing artistic films that emphasize complex storylines and character development while curtailing overall production costs associated with feature film cinematography. Nazz intends to establish both national and international channels for distribution of films to both theaters and on television and to establish an entertainment library. It is expected that post-release distribution of the content of such a library will generate recurring revenues by distributing film directly to retailers, the expanding online distribution network, and television. The Company is currently in post-production on its latest film Good Day For It, starring Academy Award nominee Hal Holbrook, Robert Patrick, Lance Henriksen, Robert Englund, Kathy Baker, Samantha Mathis, Mika Boorem, Joe Flanigan, Christian Kane and Richard Brake. Past films include The 24th Day, starring Scott Speedman and James Marsden as well as The Florentine, which was a co-production along with Francis Ford Coppola's American Zoetrope.
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