MALIBU, Calif., May 20, 2009 (GLOBE NEWSWIRE) -- Empire Film Group, Inc. (Pink Sheets:EFGU) (http://www.empirefilmgroup.com), has engaged Hogan Taylor, LLP, a respected accounting firm with extensive public company auditing experience, to perform an audit of all company activities for the calendar years 2007 and 2008. The audits are one of several, essential compliance requirements that will enable Empire to move the trading of its stock off the Pink Sheets and onto the more active Bulletin Board listings. The audit activities are expected to be completed within four weeks, the results of which will be publicly released to shareholders as well as through the Pink Sheets.
"The completion of two years of audited financial statements will mark a major turning point for Empire Film Group," said Dean Hamilton-Bornstein, Empire Chairman and C.E.O. "We have been working for some time on closing several corporate funding opportunities and moving the company towards fully compliant reporting. We feel that Hogan Taylor, LLP is the right fit for Empire, and that they are capable of accommodating the significant growth that we forecast for Empire over the next few years."
Empire Film Group, Inc., one of only four full-service independent film distributors servicing the North American markets for theatrical and video releases. The company's senior executive team are all entertainment industry veterans with extensive professional experience in film production, theatrical distribution, video distribution, financing and operations. The company recently announced that the award-winning family drama, "War Eagle, Arkansas," will be released to theaters beginning June 12, 2009. Another major acquisition, the $16 million, CGI-animated sci-fi epic, "Thru The Moebius Strip," will be released in late summer. A total of six new titles are planned for theatrical release in 2009 and twelve titles are slated for theaters in 2010. Additionally, the company plans to release twenty-eight titles to the DVD and Blu-ray markets in 2009 and approximately thirty-six video releases in 2010.
In recent news, Empire reported lively results from the current Cannes Film Festival and Marche du Film market, as well as a theatrical release slate of four titles for summer, 2009. The company's DVD and Blu-Ray releasing labels, Empire Home Entertainment and Hannover House, represent a library of more than 170 titles, and the Hannover House division is also a respected book publishing house. Learn more about Empire Film Group at www.empirefilmgroup.com