Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
 |
Imaging
Technologies (OTC BB: IMTO)- Wow!!! |
 |
Thursday
afternoon's offering of Imaging Technologies turned out to be
a barn burner. On Thursday the stock closed at $.016 (yes: that's 1.6 cents.
On Friday the stock closed at $.04 and traded 34.3 million shares (35 times
average daily volume).
I believe there is easy money to
be made over the next several months in the penny market. As investors
continue returning to the markets many of these long beleaguered stocks
will trade up with little resistance. The key- find oversold stocks in
companies with real opportunities. As mentioned in past editions- many
of the microcap and nano cap companies would already have died if they
were going to. If they are still around and growing there is money to be
made.
I was curious to find out if the
OTC
Journal members would respond to a 1.5 cent stock. I got my answer.
Think about the percentages- if I had offered up a $16 stock and it closed
at $40 the next day, I'd reach Rock Star status in the financial markets.
In Thursday's edition I suggested
$.03 as the maximum you should pay for IMTO. If you followed this
suggestion, you ended up with a 33% return by the end of the day. Those
who acted early did much better. That is spectacular, and it certainly
won't happen every time.
If you liked the story on IMTO
stay on the sidelines and wait for a pullback. $.025 would probably be
a reasonable entry point now.
 |
Family Room
Entertainment (OTC BB: FMLY)- Finally Back in the News |
|
Family Room was a problem
child in the early going, but in recent months has rebounded nicely off
an oversold condition. Lack of news has kept buyers on the sidelines. The
company made an announcement just after the close on Friday. This should
put some life back in the stock, and it will probably eclipse the $.18
high made back in April in the near future.
For those who need a refresher, Family
Room, through wholly owned subsidiary Emmet/Furla productions, is an
independent film producer. The company has successfully produced about
15 movies. Last November they moved to a higher level with their first
two theatrical releases- Half Past Dead starring Steven Segal
and Narc starring Ray Liotta.
The stock was trading in the $.40
range on the expectations that Liotta would get an Oscar nod for his performance
in Narc, which would put some serious life in the film and serious money
in Family Room's bank account. It didn't happen, and investors knocked
the stock down to $.07 before it began to rebound.
I believe Family Room is an
ideal penny stock to own. Family Room is like a biotech stock without
the biotech overhead. One hot product could put millions in the bank account.
However, since they use other people's money to develop products, they
don't have the huge expenses associated with biotech research. In fact,
they run the entire company for about $750,000 a year. One hit movie and
Family
Room could earn $1 per share.
They are better positioned for a
big hit than they have ever been in their six year history. They are currently
developing the popular 1980's Micronauts brand along with Hollywood heavyweight
Gale Anne Hurd (produced Terminator 1 and 3, the Hulk, and Armageddon).
They are also developing the Abominable Snowman story for a movie along
with producer Ilya Sulkind (Superman 1,2, and 3).
One hit and this stock will rocket
up the charts.
|
Family
Room- Stock Is Poised to Try For Higher Levels |
|
Friday, just after the market closed,
Family
Room announced it would begin filming on a new project on August 10th.
The company is unable to disclose anything about the movie until the casting
is complete and all the proper disclosure to the Hollywood Press has transpired.
In addition, Family Room revealed
there were two more major film projects it would be announcing in the near
future. This company has a lot of product in the pipeline, giving us numerous
opportunities for a major home run in the next two years. Below, you will
find a list of all their properties in various stages of development.
As you can see from the chart, this
stock has made nearly a perfect 50% retracement from the February levels
of $.21. It dropped to $.07, rebounded to about $.19, and has been camping
quietly in the $.12 to $.14 range for a couple of months.
Management informs us Friday's announcement
is the first in a series of announcements expected in the near future which
will demonstrate significant progress towards the big home run.
I believe Family Room could
easily roll up to the $.25 level. There are only about 20 million shares
issued and outstanding. $.25 would only represent a $5 million market value,
which is easily achievable. Long term I'm looking for $1. One hit movie
and we will be there.
Here is a list of the projects currently
in development by the company:
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.
-
The new movie which begins production
on August 10th- details to be announced.
|
Here is the complete text of Friday's
News Release For Your Review:
| Press Release Source:
Family Room Entertainment
Emmett/Furla to Start
Filming a New Feature
Friday July 11, 4:10
pm ET
LOS ANGELES, CA--(MARKET
WIRE)--Jul 11, 2003 -- Family Room Entertainment Corporation (OTC BB: FMLY)
is very excited to announce that its wholly owned subsidiary, Emmett/Furla
Films, will commence principal photography on a new feature film on August
10th.
The project is currently
in the casting phase. As soon as agreements are signed with the cast and
other creative elements, Emmett/Furla Films will make the appropriate announcements.
Co-chairs Randall Emmett
and George Furla stated: "We are pleased with how quickly this project
came together and we believe the casting process will also move quickly."
Emmett/Furla is also
in final negotiations to acquire the rights to two additional hot new feature
film projects, which will also be the subject of forthcoming announcements
once agreements have been executed.
Co-chairs Randall Emmett
and George Furla added: "We are excited about the potential of these projects
and although no deal is closed until everyone signs an agreement, we are
hopeful that we will be able execute these agreements and announce these
projects imminently."
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 is not historical facts, are forward-looking
statements as that are 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: Sundar Communications
Voice: 604-893-7079
--------------------------------------------------------------------------------
Source: Family Room
Entertainment |
Charts Provided Courtesy
Of TradePortal.com |
