MALIBU, Calif., Aug. 3, 2009 (GLOBE NEWSWIRE) -- Significant new product acquisitions and $30 million worth of film production ventures were just two of the topics covered by Dean Bornstein, CEO of Empire Film Group, Inc. (Pink Sheets:EFGU) (http://www.empirefilmgroup.com), and Empire Distribution CEO Eric Parkinson, during an exclusive interview by renowned stock analyst and reporter Albert Aimers for WallSt.net. The extended interview was conducted in response to growing investor interest in Empire Film Group, precipitated by the company's recent successes with theatrical and home video distribution activities.
A 15-minute summary of the Albert Aimers WallSt.net interview is available to the public online at http://tv.wallst.net/elevator-pitch/388/1570/EFGU/eric-parkinson/empire-film-group.
"This was a no-holds-barred discussion," said Bornstein. "We covered Empire's position in the entertainment industry, our current activities, our corporate developments and our forecasts for the coming months and years. We consider it an honor for Empire Film Group to be featured on WallSt.net due to their substantial following for their website, their national cable television audience and their network of brokers, traders and investors."
WallSt.net is one of the most popular financial websites in America, and one of the first to offer consumers access to financial social networking and blogging opportunities. Albert Aimers is Chairman and CEO of Digital WallStreet, Inc., and the founder of WallSt.net. Aimers has been in the financial industry for over 15 years, specializing in Merchant and Investment Banking, Mergers and Acquisitions, Investor Awareness and Investor Relations. Aimers' extensive knowledge of public company operations and the financial services sectors makes him an especially astute interviewer when probing for newsworthy information for WallSt.net.
Empire Film Group is one of only twelve full-service film distribution companies in the United States, controlling their own theatrical, video, and television releasing activities in-house. The company is divided into two primary activities, the first being the production of film and television programming and the second being the marketing and distribution of entertainment programming. Public company CEO Dean Bornstein also is responsible for Empire's production activities, while Distribution CEO Eric Parkinson handles the marketing and physical distribution of the company's properties.
Many of the company's releases are licensed as completed films, enabling Empire to acquire and release far more titles than could be realistically produced in-house. Empire acquired the North American distribution rights to seventeen new titles at the Cannes Film Festival and Market in May, including the recently announced animated adventure, "The Secret of Kells" and the Oscar-caliber drama, "The Countess." The award-winning family drama, "War Eagle, Arkansas," is currently in theatrical release through Empire, with three other new titles slated for theatrical release in the next sixty days, "Chelsea on the Rocks," "Thru the Moebius Strip" and "Boilermaker."
Empire is also involved with several major feature productions with a combined investment cost of more than $30 million. All of Empire's productions are funded primarily or exclusively with off-balance sheet sources, including state and federal tax incentives and international co-production funding. Key productions for Empire include the $10 million comedy "Soakers," from a screenplay by the legendary comedic-filmmaker Bob Clark ("A Christmas Story," "Porky's," "Baby Geniuses") as well as the feature film and television pilot to "Havana Heat," and the supernatural suspense-thriller "ShadowVision."
"The company has generated a tremendous amount of positive momentum in the past year," said Bornstein. "We have identified a major market opportunity for Empire to specialize in the production and distribution of quality, mid-level budgeted films. Our production slate and newly acquired properties represent the top echelon of independent entertainment. The next twelve months should show explosive growth as we continue to meet and exceed our forecasts."
In addition to the company's film and video activities, Empire also owns and operates Hannover House, a well-established book publisher and entertainment distributor founded in 1993.