. . . Innovating the 3rd planet.      

Investors Investors.htmlshapeimage_1_link_0
NewsNews.htmlshapeimage_2_link_0
AlumniAlumni.htmlshapeimage_3_link_0
PortfolioPortfolio.htmlshapeimage_4_link_0
CompanyCompany.htmlshapeimage_5_link_0
 

☚ Back to Press Release Library

InAmerica’s MediaMax Productions Unit Acquires Rights To Feature Length Motion Picture


Dallas, TX  - December 21, 1999 - InAmerica Corporation (NASDAQ BB: INAO), a buyout specialty firm, announced today that through its MediaMax Productions Unit, the company has acquired the rights to an unfinished feature length motion picture. The original motion picture production was halted just prior to its original release date as a result of the death of the film’s producer.


MediaMax, which produces commercials, documentaries and industrial videos, sees an opportunity to capitalize on fiscally responsible production policies applied to theatrical motion pictures. “While it might seem a departure from our usual portfolio company, this project is strictly the application of our turnaround principles to a distressed asset” said C. Gus Cristo, President and CEO of InAmerica.


The motion picture will be released directly to video and DVD as opposed to a theatrical release. Originally titled “A Dozen Ways to Die”, it was produced as an action-adventure of the type commonly described as a B-Film. “While the film currently lacks the production quality or the budget to retrieve the original investment, it does possess certain unique attributes that can become extremely desirable in the year 2000” said Cristo.


InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed.  The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.


This announcement contains forward-looking statements based upon the Company's intentions or beliefs that reflect the current views of the Company and its management about future events and are subject to certain risks, uncertainties and assumptions. The Company's actual results could differ materially from those projected in such forward-looking statements as a result of a number of factors including competitive factors and pricing pressures.


Press Contact:

C. Gus Cristo,

CEO

InAmerica

  1. (918)622-3300