MALIBU, Calif., March 8, 2010 (GLOBE NEWSWIRE) -- Empire Film Group, Inc. (Pink Sheets:EFGU) (www.empirefilmgroup.com), has announced the formation of its new wholly owned subsidiary Empire Sports Group, Inc. The subsidiary has been set up to develop, acquire, produce, market and distribute sports related entertainment properties in film, television and in various multimedia and digital environments.
"Over the past year we have developed and negotiated the acquisition of several sports projects and it is in Empire's best interest to form a new division that will be dedicated to developing, producing and marketing these projects," said Dean Bornstein, C.E.O. of Empire Film Group. "A search is currently underway to bring in a senior executive to run this division who will have an extensive background in sports marketing, sponsorship, brand management and promotions. Empire has several projects in development, including "The Will to Win," "The Final Game," "Gotch" and "The Coach's Journey," which are sports themed properties and will benefit from cross promotion, product placement and marketing that Empire Sports Group will provide," he continued.
In addition, the company is currently in negotiations with several well recognized sports brands for joint venture opportunities that the company is currently developing. The company expects to announce several of these joint ventures by the end of the first quarter.
Empire Film Group, Inc. is a fully-integrated film and television production and distribution company, with distribution capabilities to reach theatrical, video, television, video-on-demand and international markets through its wholly owned subsidiary Producers Releasing Organization.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.