Archer Entertainment Media Communications Signs Letter of Intent to Acquire Alpha D-Cinema Unit.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors in first graph, first sentence of release should read Pink Sheets:ACRM ACRM American Congress of Rehabilitation Medicine ACRM Analytical Customer Relationship Management ACRM Airborne Collection Requirements Message ACRM Asbestos Containing Roof Material ACRM Australasian Compliance Risk Management (sted Pink Sheets:ARCM ARCM (Brit) n abbr (= Associate of the Royal College of Music) → Qualifikationsnachweis in Musik ). The corrected release reads: ARCHER ENTERTAINMENT MEDIA COMMUNICATIONS SIGNS LETTER OF INTENT TO ACQUIRE ALPHA D-CINEMA UNIT Archer Entertainment Media Communications, Inc. (Pink Sheets:ACRM) announced today that it has signed a letter of intent to acquire Shenzhen, China-based Creations Technology Development Company, Limited's Alpha D-Cinema unit, including all of its rights, titles and interest in its approvals and contracts, and joint ventures to convert movie theaters in China to Digital Projection Format and related businesses. Archer's A-China Entertainment Division will initially focus on China-wide D-Cinema conversions, development and construction of digital cinemas, the development and construction of digital cinema data transmission system infrastructure and the development and expansion of digital cinema related businesses, as well as to provide businesses and services related to the production and development of domestic digital films. A joint venture corporation is being set up in Beijing in order that the parties may take full advantages of their respective strengths, meet market demands and achieve projected economic returns. Archer Entertainment Media Communications Inc. is a vertically integrated entertainment and media company engaged in the acquisition, testing and installation of digital cinema equipment, including digital conversion equipment from vendors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Asia. Archer Entertainment Media conducts research and development of technology and systems conversions related to the reconstruction of movie theaters and multi-cinema complexes to digital format. Through four wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Archer Entertainment Media is fast becoming the world leader in eliminating piracy and violations of international intellectual property rights through the secure delivery, distribution and exhibition of digital content from domestic, Western and international providers, including film, theater, live music and sporting events. Creations Technology Development Company, Limited is a privately held Chinese company registered in Shenzhen, China, with interests in real estate sales and development, commercial publishing, Internet technology development and related consulting services. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. : The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. Archer Entertainment Media Communications Incorporated's acquisition of Creations Technology Development Company Limited's D-Cinema Unit is subject to continued due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and there can be no assurance that its acquisition of CTDC CTDC Control Track Direction Computer will be completed, or if completed, if it will be completed timely. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the entertainment industries and prevailing economic conditions in general. |
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