HOLLYWOOD, CA / ACCESSWIRE / August 4, 2014 / Mass Hysteria Entertainment Company, Inc. (OTCQB: MHYS) has changed its’ mandate to become a full fledged financier and producer of theatrical movies under the new brand name of REMARK PICTURES. The Company is proceeding with the name change and will seek a new symbol from FINRA. "This change in direction moves the Company from development stage to operational," said the Company’s CEO, Daniel Grodnik. "The independent film business today is red hot for quality content and I believe our credentials, experience and access in Hollywood uniquely position us to become a leader in the space."
Mass Hysteria Entertainment was originally created to produce movies with an interactive component. Mass Hysteria will continue to pursue the original business model as a wholly owned subsidiary of the Company.
"The Key to being competitive in today’s film business is dependent on having access to capital," said Grodnik. "The Company is in late stage negotiations to put together funding that should allow us to create a portfolio of first class projects. While our initial focus is in the feature world, the Company will also look at television opportunities. Having produced more than forty films, I’m thrilled about this change for the Company because it allows me to concentrate on assembling a significant slate of projects and work closely with talented filmmakers."
Mass Hysteria Entertainment Company, Inc. is a multi-media entertainment company that was created to produce films with an interactive component. For more information please go to www.masshysteriafilms.com
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include product demand, market competition, fluctuations in advertising payout, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov
SOURCE: Mass Hysteria Entertainment Company, Inc.