Firms Linking Up To Build Number Of Sound Stages.Valencia Entertainment International, an owner/operator of sound stages in Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, , agreed last week to be acquired by SRI Communications Inc. of Glendale. The companies declined to reveal the value of the cash-and-stock deal, which is subject to the approval of SBI SBI Special Background Investigation SBI Subsidiary Body for Implementation SBI State Bank of India SBI Secure Border Initiative SBI Small Business Institute SBI Stockholm Brain Institute SBI Serious Bacterial Infection SBI Society of Breast Imaging shareholders. The deal would give the principals of Valencia Entertainment a majority interest in SBI common stock, which trades on the OTC bulletin board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . SBI hopes to use Valencia's sound-stage building expertise to develop 17 acres it owns outside Atlanta into sound stages for both Internet and TV production. "It turned out to be the best marriage," said Valencia Entertainment President and Chief Executive Vince Vellardita. "They have had acres sitting there empty, and we are a facilities builder." Valencia Entertainment International owns and operates six sound stages with a combined 120,000 square feet of space on 12 acres in Santa Clarita, where television shows like Paramount Pictures' "JAG judge advocate general (J.A.G.) n. a military officer who advises the government on courts-martial and administers the conduct of courts-martial. The officers who are judge advocates and counsel assigned to the accused come from the office of the judge advocate " and Saban Productions' "Power Rangers This article lists fictional characters from the Power Rangers universe who have served as Power Rangers. Unlike the List of Power Rangers characters, which lists serving Power Rangers alphabetically alongside other characters from the same fictional universe, this article lists only " are made. The company just secured an option to buy four adjacent acres to build two new sound stages. Vellardita said the original six sound stages have been booked solid for five years. "I had no space to do my own productions," he said. Valencia's in-house productions include current TV pilots for 20th Century Fox. The company is also working on Internet cybercasts, which Vellardita said will be enhanced by SBI's Web expertise. "We will still do TV," said Vellardita, "but we will broaden our new-media activity." Together, the two companies will continue production-leasing operations and will develop Web sites that host "real-time" auctions of antiques and autos. SBI is also preparing to soon launch FrontierPalace.com, a site offering online bingo Online bingo is the game of bingo (US|UK) played on the Internet. Online bingo is a multi billion dollar business. Unlike balls used in regular bingo halls, online bingo sites use a random number generator. games. With the acquisition, SRI hopes to eventually move off the OTC bulletin board and onto the Nasdaq, said Ronald Foster, the company's chairman and 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. . "They (Valencia) bring revenues to the table," Foster said. "They have sound stages, real estate holdings and contracts with studios." The deal is expected to be finalized Oct. 10. |
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