IRVINE, CA, June 11, 2013 — Camelot Entertainment Group, Inc. (OTC: CMGR) (“Camelot”) announced on its website today that it will not be doing a reverse of its common stock as part of the ongoing rebuilding of its infrastructure. The Company announced on June 10, 2013 that it was retiring a substantial portion of its common stock as part of the rebuilding effort. The Company has received a number of inquiries requesting clarification about any plans to do a reverse. In addition, the Company plans to limit the amount of new shares issued going forward as it continues to work on bringing its filings current.
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.