Camelot Entertainment Group, South Orange County Community College District to End Exclusive Right to Negotiate Agreement on Pro
19 September 2008 - 6:48AM
PR Newswire (US)
ALISO VIEJO, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Camelot
Entertainment Group, Inc. (OTC:CMLT) (BULLETIN BOARD: CMLT)
(Camelot) and the South Orange County Community College District
(SOCCCD) announced today that they have mutually terminated the
Exclusive Right to Negotiate Agreement (ERNA) in reference to the
development of the Advanced Technology and Education Park (ATEP)
campus in Tustin, California. Camelot, through its Camelot Studio
Group division, will continue to pursue other studio development
opportunities in Orange County in addition to other sites outside
of California currently under consideration. The SOCCCD will
continue to develop its long range plans for the ATEP campus,
located on the former Marine Corps Air Station base in Tustin,
California. About Camelot Entertainment Group, Inc.: Camelot
Entertainment Group, Inc. is a US publicly traded company (symbol
CMLT) with three major divisions: Camelot Film Group, Camelot
Studio Group and Camelot Production Services Group. Camelot is
building a different kind of motion picture studio infrastructure
by redefining the development, financing, production, and
distribution process. Creating a world where filmmaking dreams come
true, Camelot integrates early studio models, education, new
technologies and fiscal responsibility to acquire, develop,
finance, produce, market and distribute high quality commercial
motion pictures, television and digital media. For general
information about Camelot Entertainment Group, please visit the
company's web site at http://www.camelotfilms.com/. NOTES ABOUT
FORWARD-LOOKING STATEMENTS Except for any historical information
contained herein, the matters discussed in this press release
contain forward-looking statements that involve risks and
uncertainties, including those described in the Company's
Securities and Exchange Commission Reports and Filings. Certain
Statements contained in this release that are not historical facts
constitute forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, and are intended
to be covered by the safe harbors created by that Act. Reliance
should not be placed on forward looking statements because they
involve unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements to differ
materially from those expressed or implied. Forward looking
statements may be identified by words such as estimates,
anticipates, projects, plans, expects, intends, believes, should
and similar expressions and by the context in which they are used.
Such statements are based upon current expectations of the Company
and speak only as of the date made. The Company undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date on which they are made.
DATASOURCE: Camelot Entertainment Group, Inc. CONTACT: Investor
Relations of Camelot Entertainment Group, Inc., +1-949-334-2950, ;
or South Orange County Community College District Public Affairs,
+1-949-582-4920, Web site http://www.camelotfilms.com/
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