Devine Entertainment Releases Transcript of Recent Investor Conference Call Focusing on Revenue Guidance and Growth Strategies.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. Remarks Detail Latest Anticipated Revenue Projections and Key Initiatives to Produce and Distribute Film and Television Content Worldwide TORONTO -- Devine Entertainment Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DVNNF), capitalizing on the global distribution of award-winning original film and television content, invites interested investors to read the complete transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record of the Company's September 26 investor conference call. During the call, Company President and Chief Executive Officer David Devine updated investors on Devine's latest revenue and earnings guidance, which project revenue increases for the first three quarters of calendar 2007 of $5.5 million (Canadian), a 16-fold increase over the same period the previous year. "I'm very happy to say that our focus and our aggressive business plan has delivered exceptional revenues and compelling shareholder value," Mr. Devine told investors. He also detailed the Company's key initiatives to continue growth through international distribution agreements, and anticipated new productions and acquisitions to expand Devine's library of film and television content. "In building the family and children's library over the course of a number of years, we had a $31 million investment in that library and that $31 million investment has recouped and all of our 19 children and family films are now in profit," Mr. Devine said during the call. "That's something rare in the film business to go 19 out of 19 recouping, successful and continuing to sell." To continue the Company's progress, Devine has recently entered the primetime television drama market, with a new series premiering in November, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Across the River to Motor City It may contain non-definitive information based on commercials, a website or interviews. ." Mr. Devine remarked, "This is a testament to our desire to vertically integrate the company to continue to create, continue to produce and continue to distribute, but evolve past children's and family into primetime and further evolve into the feature film market." To read or download a complete transcript of the September 26 conference call, please visit http://www.trilogy-capital.com/content/dvnnf/e/dvnnf_pr92407.pdf. About Devine Entertainment Devine Entertainment Corporation develops, creates, and produces award-winning television programming and feature films for worldwide distribution across multiple TV broadcast networks, cable and satellite networks, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and Internet markets. Specializing in cultural and educational programming as well as primetime drama and comedy entertainment programming, the Company's titles have garnered more than 120 international film and television industry awards, including five Emmy and five Gemini Awards The Gemini Awards are an annual awards ceremony in Canada. First awarded in 1986, the Geminis celebrate the achievements of TV members of the Academy of Canadian Cinema and Television. Essentially, it presents awards for the best television productions in Canada. . The Company partners with leading international distributors, broadcasters and co-producers, such as Sony BMG Sony BMG Music Entertainment, Inc. is the result of a 50/50 joint venture between Sony Music Entertainment (part of Sony) and BMG Entertainment (part of Bertelsmann) completed on August 5, 2004. , Rogers Media Rogers Media Inc is a subsidiary of Rogers Communications Inc., which owns Canada's largest publishing company, Rogers Publishing Limited, which has more than 70 consumer and business publications. Rogers Media Inc. and The Carrere Group of France, to produce and distribute its award-winning film and television titles. Among Devine's critically-acclaimed productions are its cultural and educational film series on history's landmark Composers', Inventors' and Artists', which have been broadcast in more than 50 countries. The Company continues to expand its proprietary library of high-quality film and television content. Among its general-audience primetime programming is the acclaimed ac·claim v. ac·claimed, ac·claim·ing, ac·claims v.tr. 1. To praise enthusiastically and often publicly; applaud. See Synonyms at praise. 2. one-hour mystery series, "Across the River to Motor City," delivered to broadcasters worldwide in 2007. Headquartered in Toronto, the Company's common shares trade on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB market in the U.S. under the symbol DVNNF. The Company's corporate website is www.devine-ent.com. For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/devine. To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/devine/quote.html. To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/devine/factsheet.html. 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. This press release may contain forward-looking statements 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 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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