Seven Arts Entertainment Signs Letter of Intent to Acquire Cash Ready ATM, Inc. MacReport Media "Press Releases"
LOS ANGELES, CA , United States , via ETELIGIS INC., 09/16/2014 - - Seven Arts Entertainment Inc . (OTCQB: SAPX) (OTC PINK: SAPX) (PINKSHEETS: SAPX) (Seven Arts or the Company), a diversified company with motion picture production assets and wireless communications, is plea
sed to announce the execution of a Letter of Intent to acquire 100% of Florida -based Cash Ready ATM, Inc. (CRAI) for equity in Seven Arts. The acquisition is expected to close upon completion of the due diligence process.
Over the past fifteen years, CRAI has been providing wireless and permanent ATM machines to a wide range of entertainment venues including fairs, festivals, and carnivals throughout the Eastern seaboard, South East as well as most of the Mid-West. CRAI adds a component to the Company s new vision of wireless infra-structure deployments for entertainment venues. CRAI will work closely with Aeronetworks, one of Seven Arts group of companies, to offer a complete package that includes wireless and ATM products and services for entertainment venue customers.
Our expanded business plan includes growth organically and thru acquisitions, stated Rick Bjorklund, CEO and Chairman of Seven Arts. Moving forward, we continue to look for additional complementary opportunities that will not only vertically integrate our portfolio of companies, but also increase our revenue diversification strategy.
Blane Amy, President and CEO of CRAI, stated wireless products and services in entertainment venues are now expected to be available with high up-time and fast connectivity. By combining CRAIs product offering with Aeronetworks wireless communications and broadband services would provide CRAI with additional revenues that wouldnt have been possible.
About Cash Ready ATM, Inc.
Cash Ready ATM, Inc. has been providing wireless and permanent ATM machines to a wide range of entertainment venues including fairs, festivals, and carnivals throughout the Eastern seaboard, South East as well as most of the Mid-West. For more information, visit www.cashreadyatm.com.
About Seven Arts Entertainment Inc.
Seven Arts Entertainment Inc. is a global diversified company with motion picture production assets and wireless communications. Seven Arts vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines. Seven Arts has three wholly owned subsidiaries in its current portfolio: Seven Arts Filmed Louisiana which holds all rights to Seven Arts movie assets. iPTerra Technologies, Inc. is a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining and industrial industry (www.ipterra.net). Aeronetworks provides advanced telecommunications and broadband services to niche markets including entertainment venues, rural communities and Native American tribes (www.aeronetworks.net).
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of September 16, 2014. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
CONTACT:
Seven Arts Entertainment Inc.
Rick Bjorklund, CEO and Chairman
rick@aeronetworks.net
SOURCE: Seven Arts Entertainment Inc.
LOS ANGELES, CA , United States , via ETELIGIS INC., 09/16/2014 - - Seven Arts Entertainment Inc . (OTCQB: SAPX) (OTC PINK: SAPX) (PINKSHEETS: SAPX) (Seven Arts or the Company), a diversified company with motion picture production assets and wireless communications, is plea
sed to announce the execution of a Letter of Intent to acquire 100% of Florida -based Cash Ready ATM, Inc. (CRAI) for equity in Seven Arts. The acquisition is expected to close upon completion of the due diligence process.
Over the past fifteen years, CRAI has been providing wireless and permanent ATM machines to a wide range of entertainment venues including fairs, festivals, and carnivals throughout the Eastern seaboard, South East as well as most of the Mid-West. CRAI adds a component to the Company s new vision of wireless infra-structure deployments for entertainment venues. CRAI will work closely with Aeronetworks, one of Seven Arts group of companies, to offer a complete package that includes wireless and ATM products and services for entertainment venue customers.
Our expanded business plan includes growth organically and thru acquisitions, stated Rick Bjorklund, CEO and Chairman of Seven Arts. Moving forward, we continue to look for additional complementary opportunities that will not only vertically integrate our portfolio of companies, but also increase our revenue diversification strategy.
Blane Amy, President and CEO of CRAI, stated wireless products and services in entertainment venues are now expected to be available with high up-time and fast connectivity. By combining CRAIs product offering with Aeronetworks wireless communications and broadband services would provide CRAI with additional revenues that wouldnt have been possible.
About Cash Ready ATM, Inc.
Cash Ready ATM, Inc. has been providing wireless and permanent ATM machines to a wide range of entertainment venues including fairs, festivals, and carnivals throughout the Eastern seaboard, South East as well as most of the Mid-West. For more information, visit www.cashreadyatm.com.
About Seven Arts Entertainment Inc.
Seven Arts Entertainment Inc. is a global diversified company with motion picture production assets and wireless communications. Seven Arts vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines. Seven Arts has three wholly owned subsidiaries in its current portfolio: Seven Arts Filmed Louisiana which holds all rights to Seven Arts movie assets. iPTerra Technologies, Inc. is a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining and industrial industry (www.ipterra.net). Aeronetworks provides advanced telecommunications and broadband services to niche markets including entertainment venues, rural communities and Native American tribes (www.aeronetworks.net).
Cautionary Information Regarding Forward-Looking Statements.
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of September 16, 2014. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
CONTACT:
Seven Arts Entertainment Inc.
Rick Bjorklund, CEO and Chairman
rick@aeronetworks.net
SOURCE: Seven Arts Entertainment Inc.
