Announces New Trading Symbol “BSEG”
Hollywood, CA (PRWEB) April 6, 2005 -- The Board of Directors of Beverly Hills Film Studios (BVHJ-OTC) announced today that the Company has initiated a name and brand repositioning change along with a new stock trading symbol BSEG effective Friday, April 1, 2005.
Introducing the new corporate identity, studio head Kimberley Kates stated, “Consistent with the restructuring that began late last year and the major internal changes already implemented within the Company, we have selected a new name intended to better reflect the Company, its business strategy and direction. This change is also intended to differentiate the present operations and management team going forward from what went on before. The Company will now be known as BIG SCREEN ENTERTAINMENT GROUP, INC. We have a new trading symbol (BSEG) effective April 1st and the new website is www.bigscreenentertainmentgroup.com.”
Ms. Kates added, “Once a corporate identity becomes well known and holds a large following – as we do with our shareholder base and within the entertainment industry – the decision to make a major change to the name and brand must be carefully considered. However, given the complete restructuring of the management team, the board, and our corporate strategy going forward, we felt it important to transform the Company’s identity as well. Requests were received from our shareholder base along with recommendations from others for such a change. We appreciate and are counting on the continued support of our shareholders as we continue with the re-vitalization and the building of a dynamic and growing business with a share price that reflects that growth. We ask that our shareholders help us spread the word of the Company’s transformation and new identity to help insure maximum continuity and facilitate an orderly and effective transition.”
In a separate statement, Ms. Kates announced the studio has signed a management and consulting agreement with Broadleaf Capital Partners, Inc., (OTCBB:BDLF) a business development company (BDC). Broadleaf will provide significant managerial assistance and oversight to the Company’s management and board of directors and assist the Company in becoming a fully reporting Company with the Securities & Exchange Commission and listed on the OTCBB, and further arrange with various financing sources the necessary funds when and if needed, to help guide the Company to optimum profitability.
ABOUT BIG SCREEN ENTERTAINMENT GROUP:
Big Screen Entertainment Group (formerly Beverly Hills Film Studios) is a full service entertainment company designed to develop, produce, purchase, and exhibit products in all media formats, including motion pictures, television, music and publishing. The company is currently in post production on “Lightfield’s Home Videos” starring Juliette Lewis, Cuba Gooding, Jr., Giovanni Ribisi, Beck and Leah Remini, executive produced by Oscar nominee, Gus van Sant (Goodwill Hunting, Too Die For). Double Down Entertainment in association with Big Screen Entertainment Group, co-produced the 2005 Sundance hit, “Dirty Love”, starring Jenny McCarthy, Carmen Electra and Eddie Kaye Thomas.
BSEG plans to announce shortly a number of new projects in development, slated for this summer which includes the feature film “Angels Blood” with film icon, Karen Black, attached to star.
Big Screen Entertainment Group is a new and forward thinking entertainment company, created by experienced industry professionals located in Hollywood, California at Raleigh Studios. The company will concentrate on motion picture and television development, production and distribution. Production will be accomplished through its production and funding partner Big Screen Partners, Inc., a company formed to take advantage of the Tax Incentive program that is a major part of The American Jobs Creation Act of 2004.
CONTACT: Rossyln Hornsby, VP Marketing (323) 960-4014 / BigScreenRH@aol.com
Company Website: www.bigscreenentertainmentgroup.com
Safe Harbor Statement under the 1995 Private Securities Litigation Reform Act: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
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