[b]$APHD[/b] Appiphany Technologies enters into agreement with independent film producer to develop cartoon series
KELOWNA, BC, [b][color=green]May 7, 2013[/color][/b] /PRNewswire via COMTEX/ -- Appiphany Technologies Holdings Corp. ("Appiphany") (OTCBB: APHD) is pleased to announce that it has entered into an agreement with a European based independent film production company to fund and produce a series of cartoons based on Appiphany's MMA Animals TM. The initial agreement outlines the basis of the working relationship between Appiphany and the independent film producer for financing the projects and will lead into further agreements governing production and distribution. The funding is going to be dependent on Appiphany passing a due diligence process in order to receive HMRC tax credits. These tax credits will provide the incentive needed to get the series funded. The due diligence process is currently underway.
"Entering into this agreement is the first step in getting the MMA Animals cartoon series produces and distributed" stated Jesse Keller, President & CEO of Appiphany. "Once the MMA Animals cartoon series is in the public domain it will create the brand awareness needed for our planned spin-off projects like the downloadable app and the interactive books" concluded Mr. Keller.
About Appiphany Technology Holdings Corp. Appiphany Technologies commenced operations as a diversified technology company in June of 2009. Appiphany Technologies Holdings Corp is a fully reporting public companywhose stock trades on the Over the Counter Bulletin Board under the stock symbol "APHD". The scope of the business is based around the use of new technologies in the consumer market. At the inception of the company the focus was on third-party application development for the iPhone and iPod Touch manufactured and marketed by Apple, Inc. This lead to endeavoring the CG animation and gaming industries. Appiphany intends on diversifying its involvement in the various industries where technologies blend with entertainment. To date, Appiphany has designed and developed a variety of applications that are currently available for purchase through Apple, Inc. The evolution of the Company will be integrating third-party accessories to function with applications in the toys to life category. We aim to maximize user experience while exploring the innovative technological possibilities of today. Currently our focus is on developing a carton series and spin off products for our own brand MMA Animals TMthe first children's mixed marital arts brand. While building these new products for MMA Animals we will uncover new proprietary processes that will be developed and resold as services for businesses. In addition, we are constantly evaluating the feasibility of providing additional services including web development, interface design, hosting, marketing, and new business consulting focused on technology implementation.
Appiphany is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
