VANCOUVER, BRITISH COLUMBIA, September 4, 2013 - Gener8 Media Corp. (CNSX: GNR) ("Gener8" or the "Company") is pleased to announce that the Company has signed a conversion contract with a Hollywood studio for a new 3D feature film to be released next summer. The contract is for converting a significant portion of the entire movie. Due to contractual obligations, Gener8 is unable to provide specific details about the studio or the title of the movie.
"We are thrilled to be awarded another contract from an existing client. This is a testament to our reputation for hard work and high quality 3D," says Rory Armes CEO. "This is a big film with an all-star cast and amazing story line, and we are honored to help make it 3D."
This contract is the second major deal closed in the past few months by Gener8. With this project, the Company's film portfolio continues to expand as well as its expertise in 2D-to-3D conversion.
Gener8 is a media technology company with two divisions--a studio and a technology group. Its studio is an industry leader in 3D stereo conversion services for the entertainment industry, with many high profile credits including The Amazing Spider-Man, Ghost Rider 2 and Harry Potter. The technology division provides 3D technology and cloud-based data management and analytics (Cumul8) to the entertainment industry. Gener8's head office is located in Vancouver, British Columbia and has approximately 140 employees across both divisions. The executive team draws on years of experience developing graphics technology in commercial software, video games and the film industry. To learn more, visit the company website: http://www.gener8.com
ON BEHALF OF THE BOARD OF THE COMPANY
Chief Executive Officer and Director
FOR MORE INFORMATION, PLEASE CONTACT:
Vice President of Corporate Affairs
The CNSX does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release to shareholders contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to: the signing of the conversion contract and Gener8's ability to secure ongoing business as a result and Gener8's ability to consistently deliver high quality work. Although Gener8 believes that the expectations reflected in the forward-looking statements are reasonable; there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: meeting our contractual timelines and milestones on our 3D film conversion contracts; general economic conditions in Canada and globally; film industry conditions; competition for, among other things, capital and skilled personnel; changes in economic and market conditions that could lead to reduced spending on 3D film conversion; potential delays or changes in plans with respect to deployment of services or capital expenditures; our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; amount and timing of operating costs and capital expenditures; interruption or failure of information technology systems; the development, implementation and execution of the Company's technologies strategic vision; and business, legal and/or regulatory risks relating to Gener8's business, financings and strategic acquisitions. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Leave a comment...