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ORT Ortus Vct

25.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ortus Vct LSE:ORT London Ordinary Share GB0003945101 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Agreement to subscribe

09/09/2004 11:25am

UK Regulatory


RNS Number:7770C
Orientrose 2 PLC
09 September 2004


FOR IMMEDIATE RELEASE                                         9 SEPTEMBER 2004

                                ORIENTROSE 2 plc

                        ("Orientrose" or "the Company")

                       Agreement to participate in a new
                            Film Production Company

The Board of Orientrose announces that it has agreed to subscribe for new
ordinary shares amounting to 13 per cent of the issued share capital of a a new
US-based film production company called Trigger Street Independent Inc ("Trigger
Street"), together with an option to acquire a further 32 per cent of the issued
share capital of Trigger Street for an initial consideration of US$500,000. The
other shareholders of Trigger Street include a trust of which Kevin Spacey is a
beneficiary and Mark and Adam Kassen . Kevin Spacey has worked closely on other
projects with Mark and Adam Kassen who are specialists in producing digital
films.

Trigger Street intends to make at least three digital feature films a year
utilising the latest technology in digital film production and pioneering a
unique profit sharing model with the artists, actors, directors producers,
agents, crew and technicians.

The Board of Orientrose is currently reviewing a number of other opportunities
for the development of the Company's interests in both the UK and the USA in
films and entertainment.

Contact:

Stephen Dean, Orientrose 00 34 605 28 22 11

Michael Cornish, Beaumont Cornish Limited 020 7628 3396








                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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