By: Matt Rego
Shares of The Movie Studio, Inc. (OTC Pink: MVES) have been thinly traded over the past three months, where the movie company saw average daily share volume of 3,639 exchange hands. However, The Movie Studio, Inc. (OTC Pink: MVES) is rocketing higher on very strong volume on May 25, 2016.
Within the first hour of trading on May 25th, The Movie Studio, Inc. (OTC Pink: MVES) saw nearly 2.7 million shares exchange hands, or dollar volumes of around $88,000. This was enough to push the stock up as high as 77%.
The big news driving the stock higher comes from The Movie Studio, Inc. (OTC Pink: MVES)’s announcement that they had successfully participates in the Cannes Film Festival. The company presented its lineup of 27 films and was able to secure some pre-sale and pick-up financing for some of its feature presentations. Here is a press release detailing of The Movie Studio, Inc. (OTC Pink: MVES)’s successful Cannes Film Festival:
HOLLYWOOD, FL–(Marketwired – May 24, 2016) – The Movie Studio, Inc. (OTC PINK:MVES) (“TMS” or the “Company”)www.TheMovieStudio.com is a vertically integrated motion picture production and distribution company with completed motion picture and production assets, is pleased to announce its successful participation at The Cannes Film Festival in France from May 10th-20th, 2016.
From its exclusive suite at the Palais on the Riviera; TMS presented its slate of 27 completed motion pictures and met with domestic and international film distributors, buyers and sellers. The Company also promoted its independently produced films to secure pre-sale and negative pick-up financing for its feature productions BAD ACTRESS and DOUBLE EXPOSURE “Dark Angels”, the sequel to The Movie Studios 2014 release EXPOSURE. In addition, the Company is expanding current international markets and relationships for other film assets that it has purchased interests in. The Company has already secured interest from numerous markets to acquire the Company’s movies and intellectual property rights for distribution.
Along with Viggo Mortensen from “LORD OF THE RINGS” fame; Colombia film sensation “Excelina” the star of the comedy BAD ACTRESS dominated the Canal Plus (Canal+) coverage of the Cannes Film Festival opening red carpet ceremony of Mr. Mortensen’s latest major film “PERSONAL SHOPPER”. Canal Plus ranks as one of the world’s premier television providers.
Canal Plus coverage: https://www.youtube.com/watch?v=05_LlUm6aZw
“Expanding our current worldwide markets will have a positive impact on future revenue growth as the Company continues its bundling strategy, which it intends to leverage in the worldwide distribution marketplace. We are confident that Cannes 2016 will prove to be a ‘change agent’ for the infrastructural development of The Movie Studio intends to announce our executed business agreements shortly,” Gordon Scott Venters President and CEO announced today.
About The Movie Studio Inc.
The Movie Studio, Inc. is a vertically integrated motion picture production and distribution Company with completed motion picture and production assets. The Company acquires, develops, manufactures, and distributes independent motion picture content for worldwide consumption in Theatrical, Video on Demand (VOD), Foreign Sales and on various media devices. For more information, visit www.TheMovieStudio.com.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.
The Movie Studio, Inc.
Gordon Scott Venters
President and CEO