(EMAILWIRE.COM, November 23, 2009 ) New York, NY – Lux Digital Pictures, Inc (OTCBB: LUXD) is a producer and distributor of motion pictures and related entertainment content, which it markets under several brands, that has developed and implemented some unique and dynamic strategies which are poised to capitalize on emerging technological and distribution opportunities as the world wide entertainment industry rapidly migrates to a digital marketplace. (http://www.luxdigitalpictures.com)
Current Projects
LUXD produces and releases its digital entertainment content under several brand names including Lux Digital Pictures, Midnight Movies, Short Screams and New Broadway Cinema.
The Company has one motion picture in full world wide release Night of the Living Dead 3D (http://www.notld3d.com ) , which was released in limited theatrical markets in the US via the Midnight Movies brand and to ancillary markets via LionsGate Films, Inc (NYSE: LGF) and which was sublicensed to distributors outside the US on a territory by territory basis through a third party sales agent. The increasing demand for 3-D film content continues to expand this film’s shelf life. LUXD completed production late last year on Nightmares in Red, White and Blue (http://www.nightmaresinredwhiteandblue.com ) a feature documentary on the evolution of the American Horror Film that is the Company’s first project specifically created to be released as a V.O.D. premier. The film has been extremely well received and recently debuted at several major European film festivals including Deauville, Sitges, Athens, Dublin and others. International sales rights have been acquired by Screen Media Ventures, LLC and the Company expects the film to be released in the US in early to mid 2010.
LUXD has also just completed American Grindhouse (http://www.americangrindhouse.com ) its 2nd, targeted feature project, which it expects to screen in several major film festivals, in early 2010, and which the Company expects will be released in worldwide markets in the latter part of 2010. LUXD is also in production on two new feature documentary motion pictures Gameplay: The story of the Videogame Revolution and Kung Fu Confidential both also targeted to specific, large commercial audiences.
Financial Results and Forecast
LUXD has only a limited (about 18 months) operating history however it has already accumulated almost 1M in hard assets, is generating six figure revenues and only had a modest loss in its most recent fiscal year due to a one time sizable bad debt allowance. As its productions and new portals are completed and released and the Company’s new business concepts are launched the Company estimates revenues we increase tenfold in its next fiscal year and it expects to generate substantial earnings by fiscal 2011.
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Lux Digital Pictures Inc.
Jim Mav
908-464-1747
jimmav@keroscapital.com
Source: EmailWire.Com
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