Big Screen Entertainment Group Reports Record High Year End
26 July 2013 - 1:03AM
Marketwired
Big Screen Entertainment Group (PINKSHEETS:
BSEG) posted a record increase in year-end gross revenues. Gross
revenue increased 332% for the fiscal year ending March 31, 2013
over the prior year.
"This was an exceptional year, combining solid growth and
continued strong consumer demand for entertainment in various
formats," said Kimberley Kates, chief executive officer at Big
Screen Entertainment Group. "Our ability to grow revenue, increase
our marketing and sales force, broaden our film library and provide
services for other productions while continuing to control costs,
allowed us to deliver a significant increase in gross revenue."
"We are seeing improved sales, more licensing agreements and
BSEG is being hired to perform work as a production company in
other areas such as the Medical Device Educational Industry. Our
contracts with vendors remain strong and are increasing in number,
reflecting more consumption which turns into revenue for BSEG, its
filmmakers and partners," said Kates.
Business Outlook
BSEG is in the process of opening up offices in Paris, France.
The Company will be headed up by Corentin Marmignon, VP Sales
International. Mr. Marmignon has a wealth of distribution
connections in France.
The new international company has major contracts in the works
with high-volume French retailers. It will also target the French
VOD market and major television networks. The company anticipates
its products to be available countrywide by October, 2013.
BSEG Year End Financials:
http://www.otcmarkets.com/financialReportViewer?symbol=BSEG&id=108128
ABOUT BIG SCREEN ENTERTAINMENT - BSEG is a leading entertainment
company with a diversified presence in motion picture production
and distribution, home entertainment, television, family
entertainment, digital distribution and international sales.
www.bigscreenent.com
Forward-Looking Statements: A number of statements contained in
this press release are forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. These statements involve a number of risks
and uncertainties, including timely development, and market
acceptance of products and technologies, competitive market
conditions, successful integration of acquisitions and the ability
to secure additional sources of financing. When used in this press
release, words such as "could," "plan," "estimate," "expect," and
similar expressions are forward-looking statements.
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Contact: Isaac Marble VP Sales 323.960.3410
Big@bigscreenent.com
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