Family Room
Entertainment...(FMLY)
Producing films with top
quality talent at a modest cost.
FMLY
announced that for the first quarter of Fiscal Year 2005, revenues have
increased by 731% over the same quarter of 2004. Revenues for the first quarter
of 2005 totaled $975,557, up from $133,500 for first quarter 2004.
Approximate
Shares Outstanding: 88.1M
Market
Cap: $6.26M
Recent
Price: $0.071
For the Full Profile on FMLY please visit http://www.smallcapreview.com/fmly.htm
FMLY Highlights
- Announced that for the first quarter of Fiscal
Year 2005, revenues have increased by 731% over the same quarter of 2004.
Revenues for the first quarter of 2005 totaled $975,557, up from $133,500
for first quarter 2004. In addition, this increase in revenues is an
increase of 1409% over fourth quarter of Fiscal Year 2004, which had
revenues of only $69,233.
- Net Income was $44,719 for the first quarter
2005, compared to a Net Loss of ($549,891) for the same period of Fiscal
2004.
- Recently announced that John Travolta had
signed on to star in "LONELY HEARTS", a picture EFF is
producing with a third party.
- Announced that it has fully paid off its debt
contracted through its line of credit with its banking facility thereby
strengthening its balance sheet.
- Announced that it has received funding from
institutional and accredited investors, with net proceeds to the Company of
$1,744,290.
- "A LOVE SONG FOR BOBBY LONG"
world-premiered at the Venice Film Festival. The Pic stars John Travolta and
Scarlett Johansson and was executive produced by FMLY??™s Randall Emmett and
George Furla.
- ???THE AMITYVILLE HORROR??? has
completed principal photography and is now in post-production.
- "Edison" starring Morgan
Freeman, LL Cool J, Justin Timberlake and Kevin Spacey is scheduled to be
released in 2005.
- Announced that principal photography began on
the Steven Seagal action movie, titled "TODAY YOU DIE".
- Announced that it has completed principal
photography on motion picture entitled " THE TENANTS",
starring Dylan McDermott (TV's THE PRACTICE) and Snoop Dogg (STARSKY AND
HUTCH).
- ???SUBMERGED??? starring
Steven Seagal has completed principal photography and is now in
post-production.
- The Company is in active development of ???THE
CONTRACT??? for two time Academy Award nominee, Bruce Beresford, to
direct.
- "MICRONAUTS???
which is based on the 1970s and 80s toy line and featured in almost 200
Marvel Comics issues, is in active development.
- ???ROOM SERVICE??? based on the novel
by Beverly Brandt, is in active development.
- ???RIN TIN TIN??? based on the true
story of the abandoned puppy found a World War I battlefield, is in active
development.
- Announced that its wholly owned titles, "AFTER
SEX" and "HELD FOR RANSOM" have completed their first
cycle of distribution within the United States, and all rights (including
the television and the home video/DVD rights) are now available for
re-licensing by Emmett/Furla Films.
- Also in the early stages of development is "THE
ABOMINABLE SNOWMAN" which Emmett and Furla will produce with Ilya
Salkind (Superman I, II, III).
Overview
FMLY
is involved with several movies scheduled for production or release in 2005.
This should be by far the most productive year in the history of FMLY.
"The
Amityville Horror," which FMLY??™s Randall Emmett and George Furla
co-executive produced, will be the first movie released this year and will be
distributed by MGM/Dimension Films.
Profile
Family
Room Entertainment Corporation, with its subsidiaries, Emmett/Furla Films
Productions, Emmett/Furla Films Distribution and EFF Independent, is a publicly
held company trading on the NASDAQ Bulletin Board under the symbol
"FMLY". FMLY develops, produces and performs production related
services for the entertainment industry. Family Room Entertainment's aim is to
create and produce high quality motion pictures with high profile talent that
can be distributed to a worldwide audience. FMLY derives its income from
producer fees, production consulting and service fees and royalties as well as
its participation in the profits of the various pictures it produces.
The FMLY co-founders, Randall Emmett and George Furla, believe that they have
the expertise and contacts within the entertainment industry, specifically in
the competitive production and distribution arenas, to profitably acquire
content, package product by adding value to the content with top quality talent
and produce motion pictures which are in the moderate to higher level budgets,
which can be distributed to a mass worldwide audience.
FMLY announced that for the first quarter of Fiscal Year 2005, revenues have
increased by 731% over the same quarter of 2004. Revenues for the first quarter
of 2005 totaled $975,557, up from $133,500 for first quarter 2004. Net Income
was $44,719 for the first quarter 2005, compared to a Net Loss of ($549,891) for
the same period of Fiscal 2004.
Recent News and Press
Releases
John
Travolta Cures ``Lonely Heart'' with Family Room Entertainment
Family
Room Sings ``A Love Song'' with Scarlett Johansson Golden Globe Nomination
Family
Room Entertainment Financials
Family
Room Pays Off Line of Credit
Family
Room Begins New Film with Action Star Steven Seagal
Website:
http://www.fmlyroom.com
For the Full Profile on FMLY please visit http://www.smallcapreview.com/fmly.htm
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