NEW YORK and VANCOUVER, British Columbia, July 8, 2005 (PRIMEZONE) -- XRAYMEDIA, Inc., (OTCBB:XRYM), the media industry's leader in real-time negotiating technology, is pleased to announce the release of "Land of the Dead," a horror film, whose creator, George A. Romero, began to change the face of the contemporary film industry with his first installment in this horror series, "Night of the Living Dead" which initially debuted in 1968. Into its second weekend the film has grossed over $18,000,000.00 pushing for new heights as we come off the 4th of July holiday weekend.
Although originally conceived as a trilogy, "Land of the Dead" is the fourth installment in this series of films which visits walking dead zombies as they traverse the earth communing with each other, threatening the survival of the few remaining living humans, as the zombies hunt for fresh flesh. Preceded by "Day of the Dead," and "Dawn of the Dead," this series of films has spanned over thirty years since the premiere of the archetypal "Night of the Living Dead."
Produced by the Company's affiliate Mark Canton, with Ryan Kavanaugh, and Lynwood Spinks, also of Relativity, among executive producer credits, XRAYMEDIA's Entertainment division couldn't be in better company. Already speculated to be a blockbuster, this, Mr. Romero's latest film, has garnered the attention of the public at large with its state-of-the-art make-up, and special effects.
Ryan Kavanaugh, Relativity Management President, and CEO, comments, "We are proud to see the release of this most recent production. We look forward to progressing with XRAYMEDIA in the arena of entertainment, as we can see the value of working with such a well-established media firm. We hope to capitalize on our respective areas of expertise, with XRAYMEDIA providing media consultations for Relativity's future film productions."
Raymond C. Dabney, XRAYMEDIA President and CEO, comments, "We are very pleased to observe the successful release of our partner's latest film endeavor. We anticipate working with Relativity providing media, and relevant consultations for the promotion of their upcoming motion picture productions. With such high profile projects on the horizon, we are confident that we will generate significant revenues as our companies move forward together. Relativity's well established track record lends itself to XRAYMEDIA; we look forward to progressing our relationship with Relativity and their clients, while capitalizing on our collective strength to introduce new ventures and strategic partnerships, enhancing their Hollywood productions. Our Partner Mark Canton is entering production on two new films this year for which X-ray intends on being the media consultant to."
About Relativity Management Inc.
Relativity has quickly established itself as one of the premier management companies in the entertainment industry with expertise in all facets of the industry, introducing over $400 million of debt and equity to a number of venture and private equity transactions. With ten managers and over 130 clients, many of which are "A List" of established producers, directors, writers and production companies, its principals have advised numerous equity, tax and private investment funds as to their investments in entertainment. With expertise spanning production, finance and business, staff includes a former COO of Industry Entertainment and former Director of LIVE Entertainment (now Artisan Entertainment), the leading U.S. independent home video Distributor, as well as consultant for Mosaic Media, Signpost and Fireworks Films and former Executive Vice President of MCA Motion Picture Group (now Universal Studios). Relativity is involved in nearly every all aspect of film development, production and financing, and its principles have been responsible for packaging/talent on a number of high profile pictures.0
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