AFMN, Inc. Changes Name to the Motion Picture Group, Inc.
23 February 2006 - 11:30PM
Business Wire
AFMN, Inc. (Pink Sheets:AFNN), announced today that the Company
changed its name to The Motion Picture Group, Inc. (Pink
Sheets:MPRG) to better reflect the new focus of the Company. In
November 2005, AFMN, Inc. closed a merger transaction with Medical
Media Television, Inc. (OTCBB:MMTV) wherein AFMN, Inc.'s only
operating business was sold in exchange for 19,415,626 shares of
MMTV common stock which shares are being held in trust pending
further distribution on a one-for-one basis. On January 31, 2006,
shareholders holding a majority of the outstanding shares of the
Company voted to (i) change the company's name from AFMN, Inc. to
The Motion Picture Group, Inc., (ii) change the Company's state of
incorporation from AFMN, Inc. to The Motion Picture Group, Inc.,
(iii) approve new Bylaws, (iv) elect Henri Kessler, Pliny Porter,
and Scott Franklin as new members of the Board of Directors, (iv)
and approve a 1:20 reverse split of the Company's issued and
outstanding shares of common stock with an effective date of
February 23, 2006. With the opening of trading today, the reverse
split will be effective and the new trading symbol will be MPRG.
Shareholders are not required to submit their current stock
certificates for reissuance. The Motion Picture Group, Inc.
("TMPG") is a media company created by founders Henri Kessler,
Scott Franklin, and Pliny Porter to meet the needs of the
international entertainment industry. TMPG will finance and produce
commercially driven motion pictures for the domestic and
international arenas. Collectively, the TMPG management team has
produced and/or developed under their tenure over 25 titles that
have earned global revenues of over $1 billion. In addition, they
received the Sundance Grand Jury Prize, Cannes Camera d'Or and were
nominated for Academy Award for Best Foreign Film. The corporate
offices of The Motion Picture Group, Inc. are located at 447 Rugby
Road, Brooklyn, New York 11226. Questions may be directed to Henri
Kessler, President at (917) 449-2151 or emailed to
info@themotionpicturegroup.com.
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