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LOS ANGELES—(BUSINESS WIRE)–Dec. 13, 2005–World Wide Motion Pictures Corp. (OTCBB:WWMO – News) today reports a new development in its international production/distribution activity and accelerated diversified corporate activity.
WWMO has licensed rights to 26 episodes of the hit Chinese animated series SKATEBOY AND THE QUEST TO CHINA, produced by Golden Ocean for CCTV (China Central Television), China’s #1 broadcaster. The animated series will be released in North America on DVD through Aristea Entertainment and Pierson Media. “This is the first of WWMO’s Far East ventures to bring quality Chinese programs to the West. With attention focused on the coming Olympics and major Chinese movie releases, we see evidence of the burgeoning market for Chinese media product,” reports Paul Hancock, President/CEO of WWMO.
Under its original title, FLUTEMASTER, SKATEBOY was one of the most popular programs ever aired on CCTV, reaching an audience of 140 million viewers during its broadcast in 2004.
Created and developed by Barry Glasser and produced by Glasser, Lili Deng and Louis Liu, SKATEBOY is the fantasy adventure of a California beach kid thrust into a breathtaking world of magic, mythical creatures and a mist-shrouded lost continent when he discovers an enchanted flute that awakens the Emperor of China and an evil sorcerer from an ancient spell. The series, which was developed in Hollywood and produced and animated in China, represents an unprecedented collaboration between American and Chinese animators and broadcasters.
On the corporate side, WWMO expects to close its Share Exchange with diversified partner Buckeye Ventures Inc. (Buckeye) and change in control of the corporation, as reported in its 8-K and 10-Q securities filings, by the end of the year. Hancock, together with Alan Mintz, CEO of Buckeye, report that, “Our initial target of $50-75 million in Home Services industry revenue through diversified acquisitions around the country is moving forward at a faster pace than expected, which would greatly increase shareholder value.”
Any forward-looking statements contained in this release reflecting management’s best judgment based on factors currently known, involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors including but not limited to WWMO’s ability to enter into various financing programs, competition from other companies, acquisition of suitable motion pictures, and the performance of films in general licensed by WWMO.
Founded in 1977, WWMO is a diversified company, with shareholders throughout the world, which is primarily involved in the development, financing, production and distribution of feature films, documentaries, short subjects, industrials and television productions. WWMO’s industry executives and board members have produced, distributed and consulted on a wide variety of film and television projects, earning Academy awards, Emmy awards and prizes from world film festivals.
