Malibu Entertainment Group Acquires a 15% Interest in the New Film, 'Blonde and Blonder' Thursday May 17, 3:34 pm ET
LOS ANGELES, May 17 /PRNewswire-FirstCall/ -- Looking to further establish itself as a leader in the worldwide media and entertainment industry focusing on licensing, production, and distribution content, Malibu Entertainment Group, Inc. ("MEG"), a wholly-owned subsidiary of Orbit Brands Corporation (OTC: OBBCQ - News), has acquired a 15% interest in the new film comedy, "Blonde and Blonder," starring Pamela Anderson and Denise Richards.
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The film was produced by Canadian Global Media and Insight Film Studios in Vancouver. The film will be released in the Fall of 2007 in the North American market and is currently being sold internationally. The film will receive a special screening at the 60th Annual Cannes Film Festival on May 18, 2007, at the Olympia Theatre in Cannes, France.
Malibu Entertainment Group, Inc.
Malibu Entertainment Group, Inc. is a media and entertainment company specializing in film and television projects and the development of ancillary marketing rights.
About Canadian Global Media, Inc.
Canadian Global Media, Inc. is an international production company specializing in Canadian content and international film and television projects and development.
With offices in Los Angeles, Vancouver, Toronto, and branch offices in select cities around the world, CGM has established the international relationships, which are indispensable for international and Canadian productions.
About Orbit Brands Corporation
Orbit Brands Corporation is a publicly traded Delaware corporation listed on the Over The Counter ("OTC") Exchange. The primary focus of the Company is growth via the acquisition and development of early-stage, high-growth companies and intellectual property in the Internet technology, media and entertainment sectors, and the health and fitness and consumer goods industries. Orbit Brands Corporation is positioned to identify, acquire, fund and develop these companies for the purpose of creating business and shareholder value.
FORWARD LOOKING STATEMENTS: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements, shall be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.