Devine Entertainment Announces Broadcast Licenses and Co-Production Agreements for the New Writers' Specials Series.TORONTO -- Devine Entertainment Corporation (CUB cub the newborn of a number of animal species as diverse as lion, fox and bear. :DVNN, NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). PK:DVNNF) today announced a broadcast commitment from TVOntario for production of six films for Devine Entertainment's signature series, The Writers' Specials, which focus on a child's eye view of landmark authors Mark Twain, Lewis Carroll, Alexandre Dumas, Moliere, Cervantes and Edgar Allan Poe. TVO's commitment includes broadcast licenses for 19 more films from Devine's Emmy award-winning library of films on the groundbreaking Artists, Inventors and Composers specials. TVO's commitment exceeds CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $200,000 in new sales for the Company. President and C.E.O. David Devine noted, "With TVOntario as our lead Canadian broadcast partner we are well on our way to financing this new series which is slated for production in 2005." Management expects that the TVO TVO tractor vaporizing oil. commitment will be complemented by additional commitments from broadcasters across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. and other international broadcasters including a previously announced agreement with TPS (1) (Transactions Per Second) The number of transactions processed within one second. TPS is a better rating for the performance of hardware and software than the common MHz and GHz rating of the computer. Jeunesse in France. The Company also announced that it has entered into a co-development agreement for The Writers' Specials with French Co-producer Istar and has new broadcast commitments from TPS Jeunesse and France 5. With its own Canadian-based financing and Istar's commitment to finance the French portion of the series as a Canada-France co-production, Devine now has the majority of the approximately CDN$9,000,000 of financing in place for The Writers' Specials. Five-time Emmy Award-winning Devine Entertainment Corporation develops, produces and distributes children's and family entertainment for the theatrical motion picture, television and Video/DVD marketplace worldwide. Their film series on landmark Composers', Inventors' and Artists' are critically acclaimed and broadcast in over 50 countries. The Company recently completed its first feature film for theatrical release, Bailey's Billion$, which is slated for worldwide distribution in 2005. Headquartered in Toronto, the Company's common shares trade under the symbol DVNN on the Canadian Unlisted Board (CUB) and on the NASD OTC PK market in the U.S. under the symbol DVNNF. The Company's corporate website is www.devine-ent.com. This press release may contain 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future performance of Devine Entertainment Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the Company's limited operating history and fluctuations in revenues; market acceptance of the Company's products and services; competition within the film and entertainment industry and the introduction of new entrants and/or products in the Company's markets; adverse changes in governmental regulations and policies affecting the film and entertainment industry; product development risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities in accordance with applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive. Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on information available to it on the date such forward-looking statements are made, no assurances can be given as to future results, levels of activity and achievements. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. |
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