Camelot Entertainment Group Ramping Up Production Slate
Camelot Film Group will Oversee Production; Camelot Distribution Group will Distribute
IRVINE, CA, June 13, 2013 — Camelot Entertainment Group, Inc. (OTC: CMGR) (“Camelot”) announced today that it has begun ramping up its initial multiple film production slate of at least 12 independent films. Camelot subsidiaries Camelot Film Group and Camelot Distribution Group will oversee and implement production and distribution of the slate. The Company has been negotiating the acquisition of several properties that will hopefully be included in the production slate in addition to several scripts Camelot had previously acquired. Camelot will continue to develop single films as it works on the production slate.
The decision to go ahead with the production slate is part of the Company’s rebuilding of its infrastructure, which began this past week with the retirement of 14 billion shares of its common stock. The Company decided to retire shares rather than implement a reverse split of its common stock.
The Company is in the process of making several changes that it hopes will enable it to take advantage of the rapidly changing marketplace in the financial sector and in the film industry. The Company will release additional information on the production slate, rebuilding efforts and other changes as that information becomes available.
About Camelot Entertainment Group, Inc.: Camelot Entertainment Group, Inc. is a US publicly traded company (symbol “CMGR”) with three major divisions: Camelot Film Group, including Camelot Distribution Group, Camelot Studio Group and Camelot Media Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. For information about Camelot Entertainment Group, Inc., please visit our web site at www.camelotent.com.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in our Securities and Exchange Commission Reports and Filings.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon Camelot’s current expectations and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.