BEVERLY HILLS, Calif., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Modern Cinema Group, Inc. (OTCPK:MOCI) is proud to announce the opening of a London office for its new Media Exchange now named the MOCI Media Exchange.

With the help of the finance team working for the Dubai-based Pride Group, London was selected as an ideal location for the new Media Exchange due to its favorable geographical location as well as its long history of hosting successful international exchanges.

The name MOCI Media Exchange was formalized for the simple reason that most people have been using this name since the last round of patent filings in August of 2017.

Says Ross Cooper, CEO of Modern Cinema Group, “We are proud to announce London as the location for our new MOCI Media Exchange offices.  We believe London offers numerous advantages including close proximity to important European mobile carriers and television platform operators.  Although we have been primarily focused on our operations in Asia, it won’t be long before we start trading initiatives in the West.  London is a perfect bridge between the two:  Oriental and Occidental.”

Says Mr. Aboo Backer, CEO of The Pride Group, “London is always at the top of the list when considering domiciles as well as office locations.  There’s really no other place on earth like London.  We’re proud to announce this new office location and look forward to spending more time in the UK as the year progresses.”

Modern Cinema Group has established a Private Limited Corporation domiciled in the United Kingdom named MOCI Media Exchange Limited and will expect to grow its operations in the United Kingdom and several European countries over the next few years.

Modern Cinema Group is now working diligently with its partners in China, Dubai and Jakarta to finance its first three projects which include; “The Kim Sisters” with Lucas Foster, “Panda vs. Aliens” created by Stan Lee (Marvel Comics) and a new project to be announced in the next few weeks.

Modern Cinema Group based in Beverly Hills, founded in San Diego has spent the last three years designing and patenting new business and technology models that allow both producers and distribution partners to integrate their systems in such a way as to leverage each other’s natural advantages.

The Pride Group based in Dubai has spent the last 31 years developing business opportunities ranging from information systems to health care; Pride group is involved in a multitude of industry sectors. Pride's affiliates are located in over 43 countries that span over 5 continents.

This press release contains certain “forward‐looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward‐looking statements. The Company, through its management, makes forward‐looking public statements concerning it expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete the acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company’s public announcements. 

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