LOS ANGELES, Nov. 7, 2006 (PRIMEZONE) -- Pangea Pictures Corporation (Pink Sheets:PGPC) announced today that it has begun a partnership with the privately held Future Medium, an entertainment specific IT company.
Future Medium provides comprehensive hardware, software, and infrastructure services. It has been expanding rapidly over the last two years within the Film and Entertainment IT arena, building a strong and loyal customer base.
Pangea Pictures believes that the partnership will, "allow for significant and seamless infrastructure upgrades for our expanding contract service and VFX work." Pangea CEO Jonah Loop added: "This partnership is the first of many steps in our comprehensive strategy for expansion and consolidation in the VFX and Technology industry."
About Pangea Pictures Corporation
Pangea Pictures is a Visual Effects and Film Technology company based in Los Angeles, CA. The company is involved in various phases of Film Technology from software and hardware development to 2-D and 3-D Compositing. Pangea and its negotiated acquisition targets, through their existing contracts with major studios, are currently providing contract service work on several major films, as well as, servicing the expanding independent film market.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Pangea Pictures Corporation believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Pangea Pictures Corporation or any other person that the objective and plans of Pangea Pictures Corporation will be achieved.