 |
 |
August
4, 2003 |
 |
|
 |
Volume
VI, Issue 75 |
 |
|
Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
 |
Family Room
Entertainment (OTC BB: FMLY) Revives Amityville Horror |
|
Family Room was back in the
news first thing Monday morning with a news release on their intention
to revive the 1979 classic cult horror movie "The Amityville Horror".
This movie, a cult favorite for many years now, achieved $86 million
in US box office sales during its run in the the theater. By 1979 standards,
this was a mega hit.
According to the press release, filming
will begin in early 2004, no doubt in time for a release date around Halloween
of 2004. I'm sure the stars and the director will be named at some point
in the future.
I still believe this stock has to
find its way to $.25 in short order. Have you considered
the following- if Family Room makes $1 million in producer profits
off one of these projects, it will mean $.04 per share in earnings for
shareholders. This would give us a $.40 stock no problem.
The list of projects in the pipeline
is not unlike a list of new drugs a biotech company is working on. One
success, and the stock is off and running.
This brings the total number of projects
in various stages of development by Family Room to nine. Here's
a list of all their current projects not including today's edition of the
Amityville
Horror revival:
Family Room's Current Projects
-
Blind Horizon- This feature
length thriller starring Val Kilmer, Neve Campbell, and Sam Shepard is
in post production. Major studios are showing the film to test audiences.
Family Room anticipates the film will be released some time in the Fall.
If it becomes a theatrical release, it has the potential to make significant
profits for the company, as Family Room retains 25% of the producer profits.
-
Out For a Kill- This Steven
Segal thriller is also in post production right now. Studios will be reviewing
the film soon, and it is expected to go to major theatrical release. Family
Room has 10% of the producer profits on this film.
-
Belly of the Beast- This
is the third Steven Segal thriller produced by Family Room, has been filmed
in Thailand. This film is also expected to go to major theatrical release.
Family Room also has 10% of the producer profits on this film.
-
Micronauts- Two weeks
ago we covered this project. Family Room has acquired the rights to Micronauts,
a very popular comic book and TV series from the late 70's and early 80's.
In partnership with Hollywood heavy weight Gale Anne Hurd, Family Room
intends to develop a feature length film, a TV show, and merchandise the
brand. Hurd is the highly acclaimed producer of Terminator,
Armageddon,
and the Hulk. She is considered one of the most successful
producers in the comic book/fantasy genre. Family Room and Hurd are now
"pitching" the projects to the major Hollywood studios for partnerships
and financing.
-
Red Skelton Direct Marketing Project-
As previously announced, Family Room is entering the direct marketing business.
The company is producing commercials to market episodes of the Red Skelton
show on VHS and DVD over cable networks. Commercials should start running
in about two months.
-
Snakeskin- Emmet/Furla
will produce Snakeskin- it is a movie about a man who specializes in acquiring
rare antiquities for the highest bidder and must hunt down his genetically
enhanced ex-partner who has stolen a package that could change the balance
of good and evil in the world. Snakeskin will be directed by Dario Piani.
who has been directing commercials for Ferrari and Mercedes Benz. The movie
is beginning the casting process now, and they expect to begin filming
by the end of the summer.
-
Love Song for Bobby Long-
directed by Shaniee Gable and which stars John Travolta and Scarlett Johansson.
"Love Song for Bobby Long" is currently filming in New Orleans.
-
Control- which begins
filming in August, starring Matt Dillon, Willem Dafoe and Michelle Rodriguez.
|
Here is the complete text of the
news release For Your Review:
| Press Release Source:
Family Room Entertainment
Emmett/Furla Signs
With Barstu & Integrated to Revisit the Amityville Horror
Monday August 4, 6:45
am ET
LOS ANGELES, CA--(MARKET
WIRE)--Aug 4, 2003 -- Emmett/Furla Films, a wholly owned subsidiary of
Family Room Entertainment Corporation (OTC BB: FMLY), in the interest of
Regulation D fair disclosure practices, is extremely excited to announce
that they have closed a deal with Barstu Productions and Integrated Films
and Management to create and produce a feature film which will re-envision
one of Hollywood's classic horror films and a current cult favorite, The
Amityville Horror. The new project by Emmett/Furla, Barstu and Integrated
will be a modern look at the myth of the Amityville Horror as told in the
novel by Jay Anson on which the original 1979 movie, released by MGM, was
based. When released by MGM in the United States in July of 1979, the original
picture went on to a cumulative U.S. box office of over $86,000,000 (IMDB.com),
a "blockbuster" by many standards. The MGM movie starred James Brolin as
"George Lutz" and Margot Kidder as his wife, "Kathleen."
Steve Whitney of Integrated
and Paul Mason of Barstu will produce the picture with Emmett/Furla's Randall
Emmett and George Furla. The producers are currently out to directors for
the picture, which is scheduled to begin filming in early 2004.
Emmett and Furla are
currently executive producing "Love Song for Bobby Long," which is being
produced by Bob Yari and Paul Miller, directed by Shaniee Gable and which
stars John Travolta and Scarlett Johansson. "Love Song for Bobby Long"
is currently filming in New Orleans. Emmett/Furla are currently in post-production
"Blind Horizon" from freshman helmer Michael Haussman and starring Val
Kilmer, Neve Campbell and Sam Shepard. Emmett/Furla executive produced
"Wonderland" which Lions gate will release in September. Emmett/Furla recently
announced that they would be producing "Micronauts," and "The Abominable
Snowman" with Gale Anne Hurd. Ilya Salkind will also produce "The Abominable
Snowman," Emmett/Furla will next produce "Control," which begins filming
in August, starring Matt Dillon, Willem Dafoe and Michelle Rodriguez for
helmer Tim Hunter.
Family Room Entertainment
Corporation, with its subsidiaries, Emmett Furla Films Productions, Emmett
Furla Films Distribution and EFF Independent, is a publicly held company
trading on the NASDAQ Bulletin Board under the symbol "FMLY". Family Room
Entertainment develops, produces and performs production-related services
for the entertainment industry. Family Room Entertainment's aim is to create
and produce high quality motion pictures with high profile talent that
can be distributed to a worldwide audience. FMLY derives its income from
producer fees, consulting and service fees as well as its participation
in the profits of the various pictures it produces.
The FMLY co-founders,
Randall Emmett and George Furla, believe that they have the expertise and
contacts within the entertainment industry, specifically in the competitive
production and distribution arenas, to profitably acquire content, package
product by adding value to the content with top quality talent and produce
motion pictures which are in the moderate to higher level budgets, which
can be distributed to a mass worldwide audience. However, there is no assurance
that any motion picture, which has not yet been released, will be released,
that a change in the scheduled release dates of any such films will not
occur or, if such motion picture is released, it will be successful.
Forward Looking Statement:
Safe Harbor: Statements
contained in this news release, which are not historical facts, are forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to risks and uncertainties,
which could cause results to differ materially from those projected.
This news release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "ACT"). In particular, when used in
the preceding discussion, the words "plan," "confident that," "believe,"
"expect," "intend to" and similar conditional expressions are intended
to identify forward-looking statements within the meaning of the ACT and
are subject to risks and uncertainties, and actual results could differ
materially from those expressed in any forward-looking statements. Such
risks and uncertainties include, but are not limited to, market conditions,
competitive factors, the ability to successfully complete additional financings
and other risks.
Contact:
Contact: Jason Sundar
Company: Family Room Entertainment
Voice: 604-893-7079
--------------------------------------------------------------------------------
Source: Family Room
Entertainment |
Charts Provided Courtesy
Of TradePortal.com |
|
| The OTCjournal.com Newsletter is
an independent electronic publication committed to providing our readers
with factual information on selected publicly traded companies. All
companies are chosen on the basis of certain financial analysis and other
pertinent criteria with a view toward maximizing the upside potential
for investors while minimizing the downside risk, whenever possible.
Moreover, as detailed below, this publication accepts compensation from
certain of the companies which it features. Likewise, this newsletter
is owned by MarketByte, LLC. To the degrees enumerated herein,
this newsletter should not be regarded as an independent publication.
Click
Here to view our compensation on every company we have ever covered,
or visit the following web address: http://www.otcjournal.com/disclaimer.html
for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html
for Trading Alerts. MarketByte LLC has been paid a fee of $25,000 by Family
Room Entertainment for coverage through January 31, 2003. An additional
150,000 free trading shares have been paid by a third party. On February
1, 2003, Family Room extended its contract with MarketByte LLC for coverage
through the remainder of 2003 for a fee of $30,000 in cash and 300,000
shares of restricted stock.
All statements and expressions are
the sole opinions of the editors and are subject to change without
notice. A profile, description, or other mention of a company in the newsletter
is neither an offer nor solicitation to buy or sell any securities
mentioned. While we believe all sources of information to be factual and
reliable, in no way do we represent or guarantee the accuracy thereof,
nor the statements made herein.
The editor, members of the editor's
family, and/or entities with which they are affiliated, are forbidden by
company policy to own, buy, sell or otherwise trade stock for their own
benefit in the companies who appear in the publication unless specifically
disclosed in the newsletter.
The profiles, critiques, and other
editorial content of the OTCjournal.com may contain forward-looking statements
relating to the expected capabilities of the companies mentioned herein.
THE READER SHOULD VERIFY ALL CLAIMS
AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED.
INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE
OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT
LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY
WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.
We encourage our readers to invest
carefully and read the investor information available at the web sites
of the Securities and Exchange Commission ("SEC") at http://www.sec.govand/or
the National Association of Securities Dealers ("NASD") at http://www.nasd.com.
We also strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm.
Disclaimer ID:$subst('Recip.userid') Readers can review all public filings
by companies at the SEC's EDGAR page. The NASD has published information
on how to invest carefully at its web site.
You
can unsubscribe from this list at any time by
Clicking
Here and HITTING SEND. If you are having difficulty removing
yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi?. |
|
|
|
Click Here to View the OTC Journal Disclosure
|
|
To subscribe to our newsletter, please enter your email address below.
Quotes are delayed 20 minutes.

|