Classics Illustrated goes Hollywood.CHICAGO--(BUSINESS WIRE)--May 31, 1996--Richard S. Berger, chairman & 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 Classics International Entertainment Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CIEI CIEI Center for International Environment Information (USA) ) announced Friday that its wholly owned subsidiary 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. , Classics Media Group Inc., has entered into a Licensing Agreement with Francis Ford Coppola's American Zoetrope Zo´e`trope n. 1. An optical toy, in which figures made to revolve on the inside of a cylinder, and viewed through slits in its circumference, appear like a single figure passing through a series of natural motions as if animated or mechanically moved. for the television and motion picture rights to the Classics Illustrated name and library. "The Classics Illustrated adaptions of the world's great works of literature have enjoyed worldwide recognition for over 50 years," said Berger. "To now have the opportunity to introduce them to a new generation through family-oriented television and theatrical motion picture programming developed by Mr. Coppola's American Zoetrope studio is extremely satisfying." While the specific terms of the agreement were not announced, American Zoetrope has been licensed certain rights regarding the Classics Illustrated properties, trademarks, and logos for adaptation in the development and production of motion pictures and/or television programming. CIE (Commission Internationale de l'Eclairage, International Commission on Illumination, Vienna, Austria, www.cie.co.at) An international organization that sets standards for all aspects of lighting and illumination, including colorimetry, photometry and the measurement of visible and will participate in a royalty stream from all television programming, and has profit participation from productions, merchandise, video sales and other avenues. CIE's First Classics Inc. subsidiary has already obtained the right to publish comic art adaptations of all the Francis Ford Coppola Noun 1. Francis Ford Coppola - United States filmmaker (born in 1939) Coppola Classics Illustrated productions. Current plans call for development of a live-action prime-time Network television series. Francis Ford Coppola, 5-time Academy Award winning director of The Godfather Trilogy, will serve as executive producer. "We are thrilled to find out that Mr. Coppola is a fan of the Classics Illustrated books, and are honored to add his company to the ranks of Acclaim Entertainment, and Scholastic Inc. as caretakers of the Classics Illustrated name," stated Berger. Moreover, Berger also stated that CIE is presently seeking additional financing for its operations, which among other things, would allow for continued listing on the NASDAQ Small Cap market. Classics International Entertainment Inc., headquartered in Chicago, is also the parent company of Moondog's Inc., a chain of comic book comic book Bound collection of comic strips, usually in chronological sequence, typically telling a single story or a series of different stories. The first true comic books were marketed in 1933 as giveaway advertising premiums. and pop culture stores and departments, as well as First Classics Inc. and Classics Media Group Inc. Classics International Entertainment Inc. is publicly traded on the NASDAQ Small Cap market under the symbol CIEI. CONTACT: CIE Investors Communication Department 800/569-CIEI (2434) or Continental Capital & Equity Corp. Jimmy Holton, 407/875-1110 www.insidewallstreet.com |
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