LOS ANGELES, Aug. 26, 2013 /PRNewswire/ -- Seven Arts
Entertainment Inc. (OTCQB: SAPX) ("Seven Arts" or the
"Company") announced today that it has commenced negotiations for a
corporate combination with a New
York investor group which would result in the addition of
substantial additional assets to the Company in return for its
restricted securities. The Company has appointed Beaufort
Securities of London, England as
its advisor in this negotiation. The Company currently
believes that it will be able to announce definitive terms of a
potential agreement within the next 20 days.
About Seven Arts Entertainment Inc:
Seven Arts
Entertainment Inc. was founded in 2002 as an independent motion
picture production and distribution company engaged in the
development, acquisition, financing, production and licensing of
theatrical motion pictures for exhibition in domestic (i.e.,
the United States and Canada) and foreign theatrical markets, and
for subsequent worldwide release in other forms of media, including
home video and pay and free television.
Cautionary Information Regarding Forward-Looking
Statements:
Forward-looking statements contained in this
press release are made under the Safe Harbor Provision of the
Private Securities Litigation Reform Act of 1995. Any such
statements are subject to risks and uncertainties that could cause
actual results to differ materially from the anticipated. The
information contained in this release is as of August 26, 2013. Seven Arts assumes no
obligation to update forward-looking statements contained in this
release as the result of new information or future events or
developments.
Contact:
Seven Arts Entertainment Inc.
Peter Hoffman
323-372-3080
phoffman@7artspictures.com
SOURCE Seven Arts Entertainment Inc.