DALLAS--(BUSINESS WIRE)--Dec. 15, 1999--
InAmerica Corporation (Nasdaq BB:INAO), a buyout specialty firm, announced today that through its BenBen Entertainment Division, the company has acquired the rights to an unfinished feature length motion picture.
The original motion picture
InAmerica's experience in the field dates back to a prior business unit, MediaMax Productions, which produced commercials, documentaries and industrial videos. "While it might seem a departure from our usual portfolio company, this project is strictly the application of our turnaround principles to a distressed asset," said C. Gus Cristo, President and CEO of InAmerica.
The motion picture will be released directly to video and DVD as opposed to a theatrical release. Originally titled "A Dozen Ways to Die," it was produced as an action-adventure of the type commonly described as a B-Film. "While the film currently lacks the production quality or the budget to retrieve the original investment, it does possess certain unique attributes that can become extremely desirable in the year 2000," said Cristo.
InAmerica is a buyout company that specializes in the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed. The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.
This announcement contains forward-looking statements based upon the Company's intentions or beliefs that reflect the current views of the Company and its management about future events and are subject to certain risks, uncertainties and assumptions. The Company's actual results could differ materially from those projected in such forward-looking statements as a result of a number of factors including competitive factors and pricing pressures.