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Peace Arch Entertainment Group Inc. (AMEX: PAE)(January 30, 2008), an integrated global entertainment company creating and acquiring critically acclaimed film, television and DVD content for worldwide distribution, announced a milestone worldwide distribution deal with ole, Canada's largest independent music publisher.
Under terms of the multi-year agreement, ole will administer the music rights of all Peace Arch Entertainment Group film and television properties, including the critically acclaimed TV series "The Tudors," starring Golden Globe winner Jonathan Rhys Meyers, and the upcoming theatrical release Winged Creatures starring Kate Beckinsale, Guy Pearce and Academy Award nominee Dakota Fanning.
"Music rights have emerged as yet another exceptional revenue opportunity stemming from the world-class content that Peace Arch has produced over the years," said John Flock, President and Chief Operating Officer of Peace Arch Entertainment. "We believe that partnering with ole will allow us to further exploit these opportunities on a global stage." ole's high degree of accurate collection expertise, personal contact and service from its dedicated and expert staff continues to globally benefit such leading film and television producers as Nelvana, PorchLight Entertainment, the National Film Board Of Canada, Shaftesbury Films and Sandra Carter Global Inc. In just three short years since its inception, ole has become one of the most trusted names in delivering thorough and transparent global music rights administration.
"We're thrilled to add Peach Arch Entertainment to our list of high-profile television and film production clients that rely on ole's proven administrative expertise and global connections to collect their music publishing royalties," says Ed Killin, ole Senior Vice President, Acquisitions.
ole is a multi-national, Canadian owned, full-service music publisher. Comprised of a team of 25 experienced music publishing professionals, ole is focused on acquisitions, creative development and administration in Toronto, Nashville, and L.A. ole was voted 2007 CCMA Music Publishing Company of the Year, the first time in 15 years that the honour went to an independent. ole's core strength is copyright administration and collections worldwide for our Film & TV clients as well as our owned TV music catalogues.
ole allows Film and TV clients to monetize non-core music rights by offering aggressive advances in exchange for Administration and collection agreements of usually 5 years. ole is also active in acquiring TV music rights major acquisitions including worldwide music rights for WGBH's "Arthur," Amberwood Entertainment's "The Secret World Of Benjamin Bear" and their forthcoming 3D animated series "Rollbots," and the music to sci-fi cult series, "Lexx." The ole catalogue includes over twenty-five thousand hours of TV music.
ole has concluded worldwide publishing administration agreements with film and television producers Nelvana, Shaftesbury, Ellis Entertainment, The National Film Board of Canada, PorchLight Entertainment and Peace Arch Entertainment Group Inc. as well as many others.
Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 1000 classic and contemporary titles.
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Oncology Med, Inc. (PINKSHEETS: ONCO)(January 30, 2008) a Pittsburgh based cancer treatment solutions group, announced earlier today that it has entered into a letter of intent to acquire a synergistic company in the field of physics and radiation that has annual revenues of $2,800,000.00, operates on a national scale, and is profitable. Upon the closing of this acquisition, which is subject to due diligence review by both parties and the execution of definitive agreements of purchase, the combined entity will have an annual revenue run rate of $5,000,000.00. The Company is prevented from announcing the name of the acquisition candidate until the completion of the due diligence period and execution of a definitive agreement of purchase.
According to William Walker, Ph.D., Oncology Med's CEO and founder, "We are extremely excited about the agreement we have entered into to acquire this company and intend to move diligently and expediently toward a closing which we expect to occur on or about May 2008. The company is a leader in their field and presents many cross marketing opportunities for us. The management has a pristine reputation and credentials and will be a great addition to the Oncology Med team. I believe this will be one of many acquisitions that we will pursue. As always our plan is to take advantage of our organic growth in addition to exciting and accretive acquisitions."
Oncology Med is a public company engaged in the fulfillment of services related to the treatment of various cancers. It currently provides analysis and design of radiation treatment plans in order for radiation oncologists to administer radiation treatments to cancer patients. Current services facilitate radiation treatment programs ranging from external beam radiation to more advanced radiation treatment technologies.
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AmeriResource Technologies, Inc. (OTCBB: ARRT)(January 30, 2008), a diversified holding company, announced that December revenues (unaudited) for its subsidiary, BizAuctions, Inc., increased by approximately 168% over revenues for the same period in 2006.
"For the month ending December 31, 2007, revenues (unaudited) have increased to approximately $393,361 from approximately $146,607 an increase of $246,754 or 168% over the corresponding month in 2006. The increase in revenues continues to be strong due to the continued growth in BizAuctions' eBay business model. Management continues to make considerable progress in reducing monthly expenses and increasing gross profits however have not realized net profits after General and Administrative expenses," comments Delmar Janovec, CEO of AmeriResource.
BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.
BizAuctions' operations are designed for maximum capacity to handle most any eBay liquidation project. Whether the client is a Fortune 500 company with 1,000 items or a small business with 100 items, BizAuctions can take on most any project and recover funds from clients' excess inventory.
AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., AuctionWagon Inc., RoboServer Systems Corp., among others as operating subsidiaries.
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