LOS ANGELES, March 15, 2013 /PRNewswire/ -- Writers'
Group Film Corp. (OTCQB: WRIT), and Front Row Networks, a
Los Angeles based live concert
production and distribution company, issued today the following
letter to its shareholders:
March 15, 2013
Dear Shareholder,
As the end of the first quarter of 2013 approaches, I would like
to update you on the progress that we have made during the last
several months and to outline the goals we have set for the
Company. As you may be aware from our press releases, we have
continued to secure distribution agreements for our content across
the globe and believe that these agreements will provide the
necessary platform required to monetize future projects.
Additionally, we have announced new senior leadership and a new
advisory team that is focused on driving the business forward.
We believe 2013 is going to be a pivotal year for the company, a
year where we develop growth and deliver shareholder value for our
constituents. We do know that we are playing in a market that is
challenging, and we have made significant changes to our execution
and our performance in order to address those challenges. We
now have a clear strategy in a path toward accelerating revenue
growth, which will accelerate our earnings growth.
We have concentrated management's efforts on securing certain
concert projects that have both a broad and youthful fan base, and
that have readily received the marketing and logistical support of
our theatrical distribution partners. Over the next several weeks,
we look forward to sharing these projects with our shareholders via
announcements that will outline the projects, the artists, and
their unique distribution strategies.
I am encouraged by the many expressions of support from our
shareholders, and I will continue to work hard to address the
thoughtful comments that we receive from you on a daily basis. It
is our job to increase the intrinsic business value of the Company
through new production and distribution properties, and we feel
that stage is now upon us. Thank you for your continued
support.
Sincerely,
Eric Mitchell
Chairman &
CEO
Front Row Networks is a live concert production and distribution
company which produces live concerts in 3D for initial digital
broadcast into movie theaters in the
United States, Western
Europe, South America and
Asia. Following a US theatrical
run, the 3D concerts are then licensed to TV broadcasters and DVD
retailers.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding the company's
business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. The company
wishes to caution readers not to place undue reliance on such
forward-looking statements and as such, speak only as of the date
made. Investors are cautioned that all forward-looking statements
involve risks and uncertainties, including, but not limited to,
those discussed in the Company's latest 10-Q filed February 14, 2013.
Investor Relations Contact for Writers' Group Film Corp.:
Equiti-trend Advisors, LLC
+1 (800) 953-3350
Mr. Gregg Stachacz
+1 (904) 282-3093
Websites: www.FRNetworks.com
Companies: WRIT GRP FILM CORP , FRONT
ROW NETWORKS
SOURCE Writers' Group Film Corp.