SANTA MONICA, Calif., Aug. 23, 2002 (PRIMEZONE) -- InternetStudios.com, Inc. (OTCBB:ISTO) announced today that as a result of the completion of all formal SEC filing requirements, its common shares have been reinstated for trading on the NASD OTC Bulletin Board.
Mark Rutledge, Vice Chairman, commented: "Once again, we have achieved another key milestone in the re-structuring of the Company. The vision for InternetStudios was to utilize new efficiencies in the marketing, distribution and financing of filmed entertainment. This commitment remains the core mission of the Company. As we have emerged from this very difficult economic period, the completion of these filings and re-listing on the OTC BB will now allow the Company to focus on the most prudent strategy to produce revenues from its operations, and translate these operations into earnings for the Company and value for its shareholders."
About InternetStudios -- http://www.internetstudios.com
InternetStudios, Inc. (OTCBB:ISTO) headquartered in Santa Monica, California, is a leading provider of web-based services for the entertainment industry. InternetStudios owns the most advanced and proprietary online platform (OFTVS) for the transaction of film and television rights globally. For more information about the InternetStudios OFTVS platform, visit http://www.oftvs.com.
FORWARD-LOOKING STATEMENT DISCLAIMER: 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.