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Share Name | Share Symbol | Market | Type |
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CBD Life Sciences Inc (PK) | USOTC:CBDL | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.0001 | 0.0001 | 0.00 | 01:00:00 |
MIAMI BEACH, FL, Nov. 15, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) announces its 2013 third quarter results. The September 30, 2013 financial statements along with a quarterly report are available for download from the OTC Markets website at www.otcmarkets.com.
The highlights of the report are:
During the third quarter of 2013 management continued to execute on its previously announced six month goals. It sourced and begun reviewing one television and four independent film projects. It is currently developing the corporate and funding structures for these projects. It also continued its due diligence on the identified film studio properties targeted for acquisition. This process is ongoing.
Now that the third quarter is completed, the management is starting the process to become fully reporting in the United States. This involves a two year audit and filing a Form 10. Once this has been cleared by the SEC, an application to list on the CNSX will be completed and submitted along with a Prospectus filed with the BCSC.
About Rangemore Film Productions Corp. (Formerly Auctions International
Inc.)
Rangemore Film Productions Corp. is a publicly traded company in the
business of operating film studios and co-producing independent film
productions.
Rangemore is currently in the process of identifying and acquiring studio suitable properties in four key markets: Asia; South Africa; Europe and North America. Potential acquisition sites will have to meet certain criteria including: a low cost per square foot; easy conversion into usable studio space; established local infrastructure; establish local film industry; limited or non-existent competition; available government tax incentives and mortgage financeable. The identified acquisitions will be either purchased outright utilizing debt funding and tax credit incentive programs or leased on a long term basis.
Along with the studio operations, Rangemore will be actively investing in and co-producing independent film productions. Currently Rangemore has a preliminary agreement to participate in the royalties of an independent film production being developed in the United Kingdom. The agreed upon terms will allow Rangemore to purchase interest in the film royalties in exchange preferred shares for up to a maximum of 10% of the total royalties. The final terms and a definitive agreement are in the process of being prepared.
Rangemore Film Productions Corp. 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.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Rangemore Film Productions Corp's filings with OTCMarkets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE Rangemore Film Productions Corp.
Copyright 2013 PR Newswire
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