Earthworks Entertainment's Z-Force Enterprises Enters Into Joint Venture With Animation Development Company to Launch "Z-Force"
17 6월 2009 - 2:14AM
Marketwired
Earthworks Entertainment, Inc. (PINKSHEETS: EWKS) announced today
that Z-Force Enterprises, LLC (the Company is its majority owner)
has entered into a Joint Venture Agreement with Animation
Development Company. The agreement sets the stage for this month's
launch and initial introduction of the eagerly awaited children's
animated property "Z-Force" with an initial launch budget of up to
$1.5 million.
Earthworks Entertainment CEO Steven E. Humphries said, "We are
very pleased that Peter Keefe, who is the creator or Z-Force and a
pioneer in children's entertainment (best known for creating
Voltron -- which is still producing revenue after some 25 years) is
heading up the production and marketing of the property. This
project has been Peter's passion since his original creation of the
concept in 2004. Now thanks to his efforts, Z-Force is being set
for a national television introduction through direct response
movie style trailers, which will direct kids to the new interactive
Z-Force website to launch this summer."
Keefe commented, "With this powerful and unique new website,
children can discover their Chinese Zodiac Power Animal
characteristics, play themed games and purchase Z-Force animation
DVD's, posters, t-shirts, amulets and other related merchandise,
all while role playing in a fantastic and captivating environment
where they are the heroes. The TV campaign launch is part of a
unique new strategic marketing plan created with the fast growing
Animation Development company (www.animationdc.com) who is
underwriting the campaign."
Ira Warran of Animation Development Company commented, "Revenues
from cartoon character licensing has reached over $200 billion
dollars per year. The Z-Force property offers some of the same
opportunities as the biggest cartoon properties of the past decade,
namely Pokemon, Ninja Turtles, Yu-gi-oh, just to mention a few. Our
marketing strategy is focused on the needs of this industry and
takes advantage of all the New Media opportunities"
Keefe added, "We will be producing Z-Force Animated DVDs and
merchandise to be sold in a major Direct Response TV campaign in
the fall of this year."
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of
Earthworks Entertainment's future operational or financial
performance, and are subject to risks and uncertainties. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Due to
the risks and uncertainties, actual events may differ materially
from current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
INVESTOR CONTACT: Tom Derby 877-381-5720
Earthworks Entertainment (CE) (USOTC:EWKS)
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