LOS ANGELES, Feb. 14, 2012 (GLOBE NEWSWIRE) -- Empire Post Media, Inc. (OTCBB:EMPM) has optioned all rights to "In Search of Yamashita's Gold," a true story about the exploits of modern day treasure hunters seeking to recover millions of ounces of gold buried by the Japanese as they retreated from the Philippines at the end of World War II. If the company exercises the option, the owners of the rights will receive a profit participation as compensation.
Empire previously announced that the company had entered into a $40,000 contract to do a feasibility study to determine the viability of the material in several different formats, including book publishing, feature film, documentary, television series and videogame. According to Empire CEO Peter Dunn "Once we began to delve into this material, we realized that, in addition to the traditional platforms, this was a perfect project for an interactive e-book using audio and visual components to tell the story and something we're enthusiastic about developing on our own."
The legend of Yamashita's gold goes back to the Japanese plan to plunder the wealth of Asia as their conquering armies swept through. Vast quantities of the loot were stashed in the Philippine islands by General Tomoyuki Yamashita before the Japanese surrendered, supposedly at over 175 different sites, including jungles, caves, behind waterfalls and occasionally beneath remote residences. Recent discoveries of the buried treasure have resulted in the death or imprisonment of treasure hunters and confiscation of the loot.
Development work on the project will be undertaken by in-house producers Richard Mann and Ellen Fontana, supervised by Dunn.
Further information about Empire can be obtained from the company's website, www.empirepostmedia.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections..