LONDON, April 15, 2014 (GLOBE NEWSWIRE) -- Sedition Films, Inc. ("SEDF" or the "Company") (OTCBB:SEDF) announced today that it has appointed Mr. Philippe Germain as Director & Chairman of the Board of Directors.
Mr. Germain is co-founder of Impera Advisory Inc., a Business Advisory firm headquartered in Montreal, Canada with special focus on corporate finance and strategic planning to micro-cap and midsized private and public companies. Mr. Germain is also co-founder of Oriana Technologies, Inc., a private U.S.-based company with special focus on entertainment technologies solutions for the hotel industry. Mr. Germain has a combined undergraduate degree in economics and political sciences from Laval University in Quebec City. He is fluent in French, German and English.
Mr. Germain stated, "I appreciate the decision of SEDF's shareholders to elect me to the Board, as well as my appointment as the new Chairman. I am fully committed to engaging in the necessary operations as required with my new position. My ultimate goal is to bring forth opportunities to increase shareholder value and liquidity by effectively identifying new acquisition opportunities and assembling an experienced, capable and effective management team."
About Sedition Films, Inc.
Sedition Films Inc. is a development stage company within the film and television industry.
Forward-Looking Statements
This press release may contain forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of and demand for our products; future industry market conditions; future acquisitions, financing, changes in operations; future operating and overhead costs; recapitalization and balance sheet restructuring activities (including debt-for-equity exchanges, land transactions, capital raising and other activities); operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing of restructuring charges and the impact thereof; productivity, business process, rationalization, restructuring, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.
The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our SEC filings and the following: the current global economic downturn and capital market weakness; the speculative nature of land development, obtaining necessary financing or refinancing or restructuring indebtedness or our debt service obligations on acceptable terms or at all; potential dilution to our stockholders from our recapitalization and balance sheet restructuring activities; potential inability to continue to comply with government regulations; adoption of or changes in legislation or regulations adversely affecting our businesses; business opportunities that may be presented to or pursued by us; changes in the United States or other monetary or fiscal policies or regulations in response to the recent capital markets and economic crises; changes in generally accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement. Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.