Sahamongkol Film International

Amcomri Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Friday, April 14, 2023
Advertising, Sahamongkol Film International, International, Ontario Securities Commission, Bank statement, Tax, British Columbia Securities Commission, Consultant, Managed file transfer, EBITDA, International Financial Reporting Standards, SEDAR, Depreciation, Growth, Adjustment, News, Legal Affairs, Video game, Cryptocurrency, Bookkeeping

Operating expenses for the quarter amounted to $4,038,938, an increase of $2,337,376 compared to the same quarter the prior year.

Key Points: 
  • Operating expenses for the quarter amounted to $4,038,938, an increase of $2,337,376 compared to the same quarter the prior year.
  • Based on an assessment as at December 31, 2022, Amcomri recorded a non-cash impairment charge of $428,356 related to two film titles that received negligible deals for distribution as at December 31, 2022.
  • Excluding the one-off non-cash charges above, Adjusted EBITDA for the quarter amounted to a loss of $147,561 compared to Adjusted EBITDA of $1,552,139 in the fourth quarter of 2021.
  • The Company reported a net loss of $2,084,592 for the quarter compared to net income of $170,586 for the fourth quarter in the prior year.

Amcomri Entertainment Announces Credit Facility

Retrieved on: 
Tuesday, November 29, 2022
Marketing, COVID-19, NEO, Minority, AMEN, OTC, Left, Disclosure, Sahamongkol Film International, Social media, MI, Creditor, Regulation, Film, SEDAR, Primary Dealer Credit Facility, Antichrist, Line of credit, Credit, Left Behind, Video game, Bank, Security (finance), Risk management

Amounts drawn under the Credit Facility are repayable at any time without penalty and shall become due and payable upon the earlier of demand from the Lender and the date that is one year from the initial draw down under the Credit Facility.

Key Points: 
  • Amounts drawn under the Credit Facility are repayable at any time without penalty and shall become due and payable upon the earlier of demand from the Lender and the date that is one year from the initial draw down under the Credit Facility.
  • The Company and the Lender have agreed that the Credit Facility shall accrue at a rate of 3.0% per month and shall be secured against the assets of the Company.
  • Robert Price, CEO, Amcomri, commented, This credit facility, when combined with already allocated marketing funds, means we are able to put substantial promotional investment behind Left Behind: Rise of the Antichrist.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.

Amcomri Reports Third Quarter 2022 Results

Retrieved on: 
Monday, November 14, 2022
COVID-19, NEO, AMEN, Left, Disclosure, Sahamongkol Film International, Regulation, Film, SEDAR, Antichrist, Risk management

Forward-looking statements are often identified by the words may, would, could, should, will, intend, plan, anticipate, believe, estimate, expect or similar expressions.

Key Points: 
  • Forward-looking statements are often identified by the words may, would, could, should, will, intend, plan, anticipate, believe, estimate, expect or similar expressions.
  • With decades of experience across all key media platforms, Amcomri is rapidly becoming the go-to team for independent producers seeking the broadest possible audience for their productions.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
  • For further information about Amcomri, see its disclosure documents on SEDAR at www.sedar.com or visit the companys website at https://amcomrientertainmentinc.com/

Amcomri Entertainment Highlights Positive Developments at Abacus Media Rights

Retrieved on: 
Monday, October 17, 2022
United Nations Convention on Contracts for the International Sale of Goods, Marketing, Life in Color, ITV, Sort Of, Ghost, VP, Child abduction, Film, BAFTA, FIFA, Football player, Sky, SVP, Real Story, MIPCOM, Acquisition, Industry, NEO, FIFA World Cup, VOD, Television, OTC, GLOBE, Sahamongkol Film International, SRC, Life, Missing-children milk carton, RTS, Screen Awards, The Real Story, Disclosure, Venice Film Festival, Moors murders, SEDAR, Video game, Abacus, Crash, Netflix

VANCOUVER, British Columbia, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (Amcomri or the Company) (NEO: AMEN) (Frankfurt: 25Y0) (OTC: AMNNF), a global producer and distributor of independent movies, TV series and documentaries, has today provided a corporate update highlighting recent positive developments at its wholly-owned subsidiary, Abacus Media Rights (Abacus).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (Amcomri or the Company) (NEO: AMEN) (Frankfurt: 25Y0) (OTC: AMNNF), a global producer and distributor of independent movies, TV series and documentaries, has today provided a corporate update highlighting recent positive developments at its wholly-owned subsidiary, Abacus Media Rights (Abacus).
  • Back in June, Amcomri acquired the library assets and associated rights of Flame Media, a global distributor and owner of factual and documentary TV content.
  • Amcomri is also pleased to announce that Anne Corsak has been appointed as Abacus Sales Director for North America.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.

Amcomri Entertainment Announces Grant of Stock Options

Retrieved on: 
Tuesday, October 4, 2022
SEDAR, Sahamongkol Film International, OTC, Company, NEO, Disclosure, Film, GLOBE, Option

VANCOUVER, British Columbia, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (Amcomri or the Company) (NEO: AMEN) (Frankfurt: 25YO) (OTC: AMNNF), today announced that its board of directors has approved the grant of 2,500,000 stock options (the Options) to Robert Price, Chief Executive Officer of the Company.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (Amcomri or the Company) (NEO: AMEN) (Frankfurt: 25YO) (OTC: AMNNF), today announced that its board of directors has approved the grant of 2,500,000 stock options (the Options) to Robert Price, Chief Executive Officer of the Company.
  • The Options will be issued pursuant to the Companys incentive stock option plan and will entitle Mr. Price to acquire up to an aggregate of 2,500,000 common shares in the capital of Amcomri.
  • Amcomri Entertainment Inc. (NEO: AMEN) (Frankfurt: 25Y0) provides global distribution capabilities for independent movie, documentary and TV series producers as well as for its own in-house productions.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.

Amcomri Reports Second Quarter 2022 Results

Retrieved on: 
Monday, August 15, 2022
Company, Disclosure, NEO, Compliance, Forward-looking statement, COVID-19, Sahamongkol Film International, SEDAR, Film, Regulation, AMEN, Risk management

VANCOUVER, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (“Amcomri” or the “Company”) (NEO: AMEN) (OTC: AMNNF) (Frankfurt: 25YO), a global producer and distributor of independent movies, TV series and documentaries, announced today financial results for the three and six months ended June 30, 2022. All dollar amounts are in Canadian dollars unless otherwise stated.

Key Points: 
  • Forward-looking statements are often identified by the words may, would, could, should, will, intend, plan, anticipate, believe, estimate, expect or similar expressions.
  • With decades of experience across all key media platforms, Amcomri is rapidly becoming the go-to team for independent producers seeking the broadest possible audience for their productions.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
  • For further information about Amcomri, see its disclosure documents on SEDAR at www.sedar.com or visit the companys website at https://amcomrientertainmentinc.com/

Amcomri Entertainment Acquires Interest in Screen Media Library assets for the UK and Ireland

Retrieved on: 
Monday, July 11, 2022
COVID-19, Murder 101 (film series), Purchasing, Sahamongkol Film International, Company, Courtney, Screen media, Forward-looking statement, Compliance, SEDAR, Disclosure, OTC, Acquisition, Television, GLOBE, NEO, Regulation, Film, Risk management, Entertainment

Having previously licensed the UK and Ireland distribution rights for this library, we already know how marketable these assets are.

Key Points: 
  • Having previously licensed the UK and Ireland distribution rights for this library, we already know how marketable these assets are.
  • By acquiring the library assets, we increase our share of revenue and extend our distribution rights for the long-term.
  • In connection with the loan the Purchaser has granted the lender security over the several Screen Media library assets that the Purchaser acquired.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.

Amcomri Entertainment Delivering On Growth Strategy

Retrieved on: 
Monday, June 27, 2022
Dark, SEDAR, OTC, Acquisition, Film, CEO, Dream Evil, Sahamongkol Film International, NEO, Cannes Film Festival, GLOBE, Antichrist, Growth, Company, Disclosure, Library, Left Behind, Home for the Holidays (1995 film), Holly, Holiday, Video game, Diabolic

The response from partners was exceptionally strong and validates our growth strategy.

Key Points: 
  • The response from partners was exceptionally strong and validates our growth strategy.
  • I commend all Amcomri team members for their efforts in delivering these accomplishments.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
  • For further information about Amcomri, see its disclosure documents on SEDAR at www.sedar.com or visit the companys website at www.amcomrientertainmentinc.com .

Amcomri Entertainment Acquires Assets of Flame Media for C$3.0M

Retrieved on: 
Wednesday, June 8, 2022
United Kingdom, GLAAD Media Award for Outstanding Film – Limited Release, Sahamongkol Film International, Company, OTC, Prospero Productions, CEO, Forward-looking statement, Regulation, Film, GLOBE, NEO, Acquisition, COVID-19, Compliance, AMEN, MAP, Disclosure, Television, SEDAR, Risk management

Flame Media, with offices in the United Kingdom and Australia, has approximately 540 TV titles and 2,250 hours of programming in its content library.

Key Points: 
  • Flame Media, with offices in the United Kingdom and Australia, has approximately 540 TV titles and 2,250 hours of programming in its content library.
  • The transaction follows the untimely passing of Flame Media founder and CEO, John Caldon OAM.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
  • For further information about Amcomri, see its disclosure documents on SEDAR at www.sedar.com or visit the companys website at www.amcomrientertainmentinc.com.

Amcomri Entertainment Appoints Michelle Sangster to Board

Retrieved on: 
Wednesday, June 1, 2022
Eclipse, Sahamongkol Film International, Company, Board of directors, NEO Exchange, OTC, Mergers and acquisitions, Organization, Global, Non-executive director, Film, GLOBE, NEO, Director, Human resource management, Board, History, Disclosure, McMaster University, SEDAR, Management

VANCOUVER, British Columbia, June 01, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (Amcomri or the Company) (NEO: AMEN) (Frankfurt: 25YO) (OTC: AMNNF), a global producer and distributor of independent movies, TV series and documentaries, announced today that Michelle Sangster has been appointed to its Board of Directors.

Key Points: 
  • VANCOUVER, British Columbia, June 01, 2022 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (Amcomri or the Company) (NEO: AMEN) (Frankfurt: 25YO) (OTC: AMNNF), a global producer and distributor of independent movies, TV series and documentaries, announced today that Michelle Sangster has been appointed to its Board of Directors.
  • Her big-picture vision and rich business acumen will be strong assets for the Board as Amcomri embarks on its own profitable growth path.
  • In connection with the appointment of Ms. Sangster, the Board of Directors was increased to eight, three of whom are independent.
  • The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.