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LOS ANGELES—(BUSINESS WIRE)–May 31, 2000–23 Year Old Publicly held World Wide Motion Pictures Corporation prepares for trading of its Common Stock Securities on the NASDAQ and Secondary Exchanges.
World Wide Motion Pictures Corporation (OTC:WWMP) today announced that the company’s Common Stock securities, which trades on the OTC Electronic Bulletin Board is in preparation for quotation on the NASDAQ SmallCap and/or other national/regional stock exchanges.
WWMP, which has four industry related wholly owned subsidiaries and over 48 million issued and outstanding shares of Common Stock, has traded its Common Stock on the OTC market since 1983. Management of WWMP has previously advised its stockholders and the public that it expects to apply for NASDAQ SmallCap quotation and/or possible quotations on other primary and/or secondary exchanges such as Boston, Chicago, Philadelphia or Pacific as soon as practical, and in this regard, applications and corresponding documentation are being prepared for submission or have already been submitted for review.
In recent years WWMP’s Common Stock was thinly traded on the OTC market. Major firms that currently hold Common Stock in WWMP include Merrill Lynch, Prudential Securities, Charles Schwab & Co. Inc., Salomon Smith Barney, Paine Webber Inc., and Dean Witter Reynolds, Inc. WWMP has been listed in financial publications such as the Moody’s Business and Financial Information Guides since 1984.
In making the announcement, Paul Hancock, WWMP’s CEO stated that, “With production and distribution activity of the Company greatly increasing over the past several years and additional feature film, television and Internet component projects being acquired and or developed for future production, distribution, and implementation, we expect this increased activity to be of significant assistance to the current OBB market activity of the Company and future NASDAQ trading subsequently increasing overall shareholder value.”
WWMP’s most recent production and/or distribution projects include the thriller, SHATTERED ILLUSIONS with Morgan Fairchild and Bruce Weitz; the feature film dramatic stage adaptation NINTH STREET with Isaac Hayes and Martin Sheen; and the award-winning drama AMY with Academy Award nominee (for “Hillary & Jackie”) Rachel Griffiths.
Founded in 1977, WWMP is a diversified company — with shareholders throughout the world — whose primary business focus is the development, financing, production, and distribution of feature films, documentaries, docudramas, short subjects, industrial films and television productions. WWMP’s entertainment industry executives have produced, distributed and consulted on a wide variety of film and television projects earning national and international awards including academy awards, emmy awards, drummer awards, gold, silver and bronze medals from various film festivals, academy award nominations, and emmy award nominations. The principals past productions include, among many others, CITY OF ANGELS, FORREST GUMP, THE SHAWSHANK REDEMPTION, PULP FICTION, TITANTIC, and MURDER SHE WROTE.
Contacts
World Wide Motion Pictures Corporation
wwmpc.com
2120 Main Street, Suite 180, Huntington Beach, CA 92648
Phone: (714) 960-7264
Fax: (714) 374-0452
