Greenlight Communications Inc. And Everest/Greenlight Motion Pictures, Inc. Announce Agreement With Frances Ford Coppola, Inc. And Chris Brancato For Weekly Television Series.TORONTO--(BUSINESS WIRE)--April 17, 1997--Greenlight Communications (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. GCIX., 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. GLGT GLGT Great Lakes Gas Transmission Company .) Greenlight Communications Inc. and Everest/Greenlight Motion Pictures, Inc. ("Everest/Greenlight") have signed an agreement with Frances Ford Coppola, Inc. d/b/a/ 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. ("Zoetrope") and Chris Brancato Chris Brancato is a Hollywood writer and producer of several films and television programs. Brancato grew up in Teaneck, New Jersey[1] and graduated from Teaneck High School. He now lives in Los Angeles, California. ("Brancato") for the development, marketing and production of a one hour, weekly science fiction television series, it was announced today by Gary Howsam, 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. of Greenlight Communications Inc. Twenty-two episodes of the series, tentatively entitled "First Wave," will be produced by Everest/Greenlight for the 1997/1998 broadcast season. Approximate budget is $850K US per episode, for a total of $18.7M US over the next 8 months. Following the first year, Everest/Greenlight has consecutive annual options to order additional episodes of the series. Chris Brancato, Francis Ford Coppola Noun 1. Francis Ford Coppola - United States filmmaker (born in 1939) Coppola and Everest/Greenlight's John Curtis will Executive Produce. Zoetrope will provide creative services and consultation along with Everest/Greenlight; Brancato ("Hoodlums") is on board to write or co-write at least eleven first year episodes. The series will be distributed in North America by Everest Entertainment Inc. International distribution will be handled by Pearson Television International of the UK. Greenlight Communications Inc. is an integrated communications and entertainment company involved in motion picture and TV production, Canadian theatrical, video and TV distribution and foreign sales. Multimedia program and software development is supported by Greenlight affiliate, Motion Works Group Limited (symbol VSE See DOS/VSE. VSE - Virtual Storage Extended - MW; on the OTC Bulletin Board under the symbol MWKGF). Greenlight Entertainment Inc., the corporate entity under which Greenlight's entertainment business is consolidated, comprises operations in Los Angeles and Toronto, with reporting subsidiaries Everest Entertainment Inc. (100 percent equity), a Canadian film distribution, foreign sales and production/co-production company based in Toronto and Vancouver; Grow Inc./Puck's Farm (85 percent equity), a music recording studio and family of record labels located on a 170-acre agritourist attraction in Schomberg, Ontario, with facilities for film and television production; and Kingsborough Greenlight Pictures Inc. (30 percent equity), a company dedicated to the development, production and co-production of feature films for theatrical and television audiences, based in Montreal. Greenlight Entertainment Inc. holds an equity position in Everest/Greenlight Motion Pictures, Inc. Greenlight Communications Inc. trades on the Canadian Dealing Network under the symbol GCIX, on the OTC Bulletin Board under the symbol GLGT and on the Berlin Exchange under the symbol GLC. CONTACT: Greenlight Communications Inc. Judith Cogan-Andrews, 416/214-2001 Web Site: http://www.greenlight.ca |
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