SANTA MONICA, Calif., July 29, 2002 (PRIMEZONE) -- InternetStudios.com, Inc. (Pink Sheets:ISTO), the leading provider of Web-based solutions for the entertainment industry, announced today the filing of several key documents with the SEC.
The management of InternetStudios would like to announce another key milestone to becoming a fully reporting company and returning to the OTCBB. The 10Qs and 10K (annual report) for 2001 have been filed with the SEC as of today and last Friday. InternetStudios will be filing their Q1 2002 10Q within days as the final requirement to becoming eligible to trade on the OTCBB.
Mike Edwards, CFO of InternetStudios said: "We really thank our shareholders for their faith in our company. Completing an audit for a public company in today's environment was extremely challenging. Now, new investors and current shareholders will have a very complete financial picture of where InternetStudios has come from and more importantly we are very close to becoming fully reporting. These are major steps to moving our company forward and building credibility with investors at all levels."
All of InternetStudios filings can be viewed by copying the following link into a browser: www.sec.gov/edgar/searchedgar/companysearch.html and typing in the company name.
Mark Rutledge, Vice Chairman commented: "I am encouraged by having the 10K completed and being able to focus on growing the company. We are committed to moving the company forward and delivering value to our shareholders. I am looking forward to announcing further developments."
InternetStudios, headquartered in Santa Monica, California, is a leading provider of Web-based solutions for the entertainment industry. InternetStudios, through its subsidiary OnlineFilmandTVSales (OFTVS) owns the most advanced and proprietary online platform and database to transact film and television rights globally. For more information about InternetStudios, visit www.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.