OMAHA, Neb., May 26, 2009 (GLOBE NEWSWIRE) -- Rising India, Inc. (Pink Sheets:RSII) (the "Company"), a publicly-traded company, announced today the finalization of an agreement with Auctus Private Equity Fund LLC, a Massachusetts corporation, to provide a $10 million equity investment commitment. Arthur H. Taylor, CEO of Rising India, Inc. stated, "This commitment will provide the financial basis required to enhance and expand the existing animation support staff of our partners in Berlin, Germany and Chennai, India enabling us to more quickly deliver an attractive scope of services to our international customers."
Corporate Profile
Rising India, Inc. is a United States based public company with an international market in the development and production of innovative digital special effects and 3D character animation for films and TV production. Rising India, Inc. has on-going business relationships with a number of European and Asian companies that provide extensive background and expertise in the animation field. As a result of its international scope and relationships, Rising India is involved in the development, creation and marketing of animation projects for the European, Asian and United States markets and anticipates significant growth in this expanding industry and technology.
Safe Harbor Statement
Forward-Looking Statements: Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Rising India, Inc. actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.