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Newsletter
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



 


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