Blue Moon Group's Blue Moon Entertainment Inc. Announces Agreement to Acquire Florida Studios.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Blue Moon Group (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BMOO) announced today it has signed an agreement to purchase Florida Studios (http://www.FloridaStudios.com) and all its related assets. Located in Lauderdale Lakes, Florida Lauderdale Lakes is a city in Broward County, Florida, United States. As of 1 July 2006, the population estimated by the U.S. Census Bureau was 31,879.[3] It is part of the South Florida metropolitan area, which is home to 5,463,857 people. and situated on more than 22 acres, the 160,000 square foot studio is home to one of the largest soundstages available on the East Coast. Jeffrey Katz has been appointed CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Blue Moon Entertainment. "We are extremely excited about the agreement and believe that the synergies between the studio and our current core business will allow us to achieve tremendous results. Lauderdale Lakes is a wonderful community and we look forward to developing the studio into South Florida's premier location for commercial, television and feature film production." Terms of the transaction were not disclosed. It is anticipated that the transaction will close in the next 45 days. About Blue Moon Group: Blue Moon Group is a holding company with subsidiaries providing services to the music, entertainment and film industries. It is an emerging music and entertainment company engaged in the development, production and distribution of various types of music including pop, rock, R&B, hip hop hip-hop or hip hop n. 1. A popular urban youth culture, closely associated with rap music and with the style and fashions of African-American inner-city residents. 2. Rap music. adj. , dance and country. Blue Moon is managed by a group of leading artists and producers who bring years of experience, having been involved with influential recording artists in the music industry. Blue Moon Group has recently signed a music distribution deal with Brody/Sony Red. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and that term is defined in the 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 of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. |
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