LOS ANGELES, Nov. 4, 2005 (PRIMEZONE) -- Fidelitas Management, Inc. (Pink Sheets:FDLM) announced that it is formally changing its name to Archer Entertainment Media Communication Incorporated, and in connection with that has applied to the NASD for a new Cusip number and trading symbol to reflect that change. In addition, the Company is proceeding with the filing of its Form 211 to become fully reporting. The company expects to cancel 60, 000,000 common restricted (rule 144) shares. FDLM recently merged with Archer.
California-based Archer Entertainment Media Communications Inc. intends to capitalize on its relationships and strategic partnerships as the digital entertainment industry gets underway in China, India and Southeast Asia. Archer expects to make further announcements regarding the company's vision and mission in the coming days.
About Archer Entertainment Media Communications Inc.
Archer Entertainment Media Communications Inc. is a vertically integrated entertainment and media company engaged in the acquisition, testing and installation of digital cinema equipment, including digital conversion equipment from vendors in the United States, Europe and Asia. Archer Entertainment Media conducts research and development of technology and systems conversions related to the reconstruction of movie theaters and multi-cinema complexes to digital format. Through four wholly owned subsidiaries, Archer Entertainment Media is fast becoming the world leader in eliminating piracy and violations of international intellectual property rights through the secure delivery, distribution and exhibition of digital content from domestic, Western and international providers, including film, theater, live music and sporting events.
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties which are identified and described in the Company's registration statements and periodic reports on file with the SEC, some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries, and prevailing economic conditions in general. In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.