Beverly Hills Film Studios Reports Shares Outstanding Reduced by 108,900,000; Revised Outstanding Now at 21,631,273 Shares.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. -- Beverly Hills Film Studios Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BVHJ) reported today that the company has cancelled 109 million of its shares, which has reduced the shares outstanding of BVHJ to exactly 21,631,273. Beverly Hills Film Studios President Kimberley Kates stated, "This is an exciting time for the company. Our various projects are in the final stages, and we are getting ready for delivery. We've just added a new film trailer of the movie, 'Forget About It,' the Burt Reynolds, Raquel Welch, Robert Loggia loggia Hall, gallery, or porch open to the air on one or more sides. It evolved in the Mediterranean region as an open sitting room with protection from the sun. It is often a roofed, arcaded open gallery on an upper story overlooking a court, though it can also be a and Richard Grieco project, helmed by BVHJ's BJ Davis, now ready for viewing on the company Web site at www.beverlyhillsfilmstudios.com." Kates continued, "The company has been contacted by numerous distributors over the last several months for the film, 'Forget About It.' We are going to ensure the best possible deal is secured for this film and BVHJ's interests." Currently in post-production are the films "Forget About It" and "Lightfield's Home Videos," which is being executive produced by Academy Award nominee Gus Van Sant SANT South African Native Trust . Beverly Hills Film Studios is also creating an "Investor's Forum" for frequently asked questions and comments about the company and its films. This will soon be available on the Web site. 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. Statement under the 1995 Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and : Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. |
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