Archer Entertainment Media Communications, Inc. Completes Financial Statements to GAAP Standards Jun 12, 2008 12:31:00 PM View Additional ProfilesSANTA MONICA, CA -- (MARKET WIRE) -- 06/12/08 -- Archer Entertainment Media Communications, Inc. (PINKSHEETS: AEMC) announced today that its in-house accountants have completed all of its financial statements to GAAP standards and that the Company will engage an independent auditor to begin the financial audit process for the calendar years ending December 31, 2006 and December 31, 2007. All financial statements are available at www.pinksheets.com, where AEMC is in Current Information status.
Following receipt of its audited financial statements, AEMC plans to file Form 10-SB with the US Securities and Exchange Commission to become a "reporting company," the next step in the process of becoming eligible to have the Company's shares trade on the Over the Counter Bulletin Board system.
AEMC has opened a Hong Kong office to service the content delivery to Buzz TV (Buzz Technologies Inc. (PINKSHEETS: BZTG)) and to distribute content via the 120,000-plus PCs currently hard wired to Buzz (www.12buzz.com) in China Internet Cafés. Buzz is set to add over 50,000 more in Beijing alone prior to the 2008 Olympic Games. MP3-, MP4-, iPhone-, CD- and DVD-formatted licensed content will be easily accessible with the client having the option to pay online or at the Internet Café Counter. The high quality low cost entertainment and fully licensed content will directly challenge China's growing Piracy problems.
About: Archer Entertainment Media Communications Incorporated (ISIN US039490107) is a vertically integrated global entertainment and media company engaged in the production, delivery, distribution and exhibition of digital content through various platforms including Internet, IPTV, Satellite to PC TV, Video-on-Demand (VOD) and Pay-Per-View (PPV) . Archer has created a digital infrastructure leveraging existing Internet assets and resources providing a secure, complete, end-to-end digital solution exclusively focusing its interests in China, Southeast Asia and the United States.
Forward-Looking Statements: Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
For more information, contact: info*archeremc.com
Michael Selsman President 310-709-2245
in Hong Kong Ms. May Ho Assistant to the Chairman of the Board + 852.2251.8300
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Archer Entertainment Media Communications, Inc. to File 15c211 to Become Fully Reporting Bulletin Board Company
2008-06-17 09:12 ET - News Release
SANTA MONICA, CA and HONG KONG -- (MARKET WIRE) -- 06/17/08
Archer Entertainment Media Communications, Inc. (PINKSHEETS: AEMC), a California based integrated entertainment company, announced today that the Company is preparing its 15c211 filing with a sponsoring marketmaker for filing with FINRA in its plan in becoming a fully reporting, Bulletin Board "piggyback" qualified trading company.
Michael Selsman, Archer CEO, stated, "Our business plan always envisioned becoming a fully reporting company, and listing on the OTCBB will provide transparency and a significant increase in investor confidence, bringing us to the attention of a broader base of investors and sophisticated financial institutions."
The filing, in conjunction with a supplemental 211 Information Disclosure Statement, when approved, enables the Company to move from "unsolicited" Pink Sheets listing status to "Fully Compliant" listing status pursuant to Rule 15c211 of the SEC Securities and Exchange Act of 1934 and be "piggyback qualified." A security becomes piggyback eligible when it has been quoted on the Pink Sheets by at least one market maker for a minimum of 30 days. Piggyback eligible securities are identified on pinksheets.com with the text "Piggyback Qualified" and on the OTC Dealer as "PBQ."
About: Archer Entertainment Media Communications Incorporated (ISIN US039490107) is a vertically integrated global entertainment and media company engaged in the production, delivery, distribution and exhibition of digital content through various platforms including Internet, IPTV, Satellite to PC TV, Video-on-Demand (VOD) and Pay-Per-View (PPV). Archer has created a digital infrastructure leveraging existing Internet assets and resources providing a secure, complete, end-to-end digital solution exclusively focusing its interests in China, Southeast Asia and the United States. Visit us on the web at: www.archeremc.com
Forward Looking Statements: Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
For more information, contact: Archer Entertainment Media Communications, Inc. info*archeremc.com selsman*archeremc.com
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