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The company seems to have some big movie projects that they are working on.
An insider bought 825K in December at .016-.0168
OS is 106,266,834 Shares
Current BxA .015x.0155
Family Room Entertainment Project Status Report for February 2006 Feb 13, 2006 1:20:00 PM Copyright Business Wire 2006 LOS ANGELES--(BUSINESS WIRE)--Feb. 13, 2006--
Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTCBB:FMLY), would like to present the following status report on projects that are in development and/or slated for production in calendar year 2006.
Emmett/Furla Films is pleased to announce that Warner Bros. and Alcon Entertainment will release "16 BLOCKS" nationwide on March 3, 2006. The picture stars Bruce Willis, Mos Def and David Morse, and was directed by Richard Donner ("LETHAL WEAPON"). Emmett/Furla Films provided producing-type services in connection with "16 BLOCKS."
The following projects, in connection with which Emmett/Furla Films provided producing services, have completed principal photography and are currently in post-production:
-- "THE WICKER MAN," starring Nicolas Cage for director Neil LaBute ("IN THE COMPANY OF MEN");
-- "THE CONTRACT," starring John Cusack and Academy Award winner Morgan Freeman with Academy Award Nominee Bruce Beresford directing; and
-- "88 MINUTES" starring Al Pacino for director John Avnet ("UP CLOSE AND PERSONAL"). The following project, in connection with which Emmett/Furla Films provided co-financing and producing services, has completed principal photography and is currently in post-production:
-- "BORDERLAND," which Lions Gate Films will distribute, is a
horror picture based on a true story.
As we are currently in negotiations on several projects, FMLY hopes to release information on these projects by the end of the current quarter.
About Family Room Entertainment
Family Room Entertainment Corporation, with its subsidiaries, Emmett Furla Films Productions ("EFFP"), Emmett Furla Films Distribution ("EFFD") and EFF Independent (EFFI"), 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 goal, through EFFI and EFFP, is to facilitate relationships (and as such, provide production-related services) between creative talent (including writers, actors and directors) and companies who produce, finance and distribute motion pictures. FMLY derives its income from producer fees, production consulting and service fees and royalties as well as participation in the profits, if any, of certain of the 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 development, production and distribution arenas, to profitably acquire content, package product by adding value to the content with top quality talent and arrange with third parties to produce and finance motion pictures which are in the moderate to higher level budgets, which can be distributed by those with the expertise to effectively do so 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 that are not historical facts are forward-looking statements as 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.
Source: Family Room Entertainment Corporation
---------------------------------------------- Family Room Entertainment Corporation M. Dal Walton III 310-659-9411 x127 (IR Contact) Email: dwalton*fmlyroom.com
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