LOS ANGELES, Nov. 23, 2005 (PRIMEZONE) -- Archer Entertainment Media Communications Incorporated (Pink Sheets:ACRM) corrected its previous communication issued earlier today and announced that it has cancelled 60 million shares of its common stock, effective November 7, 2005.
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.