Thomas Guerriero, CEO of Oxford City Football Club, Inc.(OTCQB:OXFC) Enters into an Agreement to Acquire The Movie Studio, Inc./Destination Television, Inc. (OTC:DSTV)
April 01, 2014 --
Deerfield Beach, FL (PRWEB) April 01, 2014
The acquisition by Oxford City will enable the company to maximize its national and global sponsorship and advertising opportunities, while taking advantage of a larger footprint, across which it will distribute, its media, sports, and entertainment content. The acquisition will also lead to more opportunities for global distribution, which is especially important to the future of Oxford City and their portfolio of companies.
CEO Thomas Anthony Guerriero stated, We anticipate the benefits of The Movie Studio/Destination Television acquisition will translate into increased cash flow and, ultimately, greater shareholder value for Oxford City."
For Oxford City, the transaction will deliver significant advantages, including:
- Providing unparalleled opportunities for delivering compelling news and entertainment to millions of consumers globally.
- Launching the Oxford City Sports Network to globally distribute content for all of Oxford City professional sports teams.
- Creating new sponsorship and advertising opportunities globally.
- Extending the distribution platform for original content generated by Oxford City and the digital offerings to be created and distributed into new large, growing markets.
- Delivering better economies of scale and strategic operating efficiencies.
For The Movie Studio, the transaction will allow The Movie Studio to:
- Leverage its production and entertainment content into additional vertically integrated media platforms utilizing Video on Demand (VOD) and other traditional distribution mechanisms to reach additional global content distribution outlets.
- Cross pollinate sports and entertainment in production of new content.
- Create new sports entertainment content by combining the resources of both companies creating potentially significant new revenue streams for the Company.
- Utilize the resources of both Companies reducing capital expenditures while maximizing shareholder equity and residual value.
We are excited about the combining of our companies creating a new media company with the ability to finance, produce and distribute competitive and compelling content for the media marketplace said Gordon Scott Venters, President/CEO of The Movie Studio.
About The Movie Studio/ Destination Television, Inc. (OTC: DSTV)
Destination Television, Inc. (OTC:DSTV) now The Movie Studio, Inc., is an integrated media and motion picture production company. DSTV develops, manufactures, and distributes independent motion picture content for worldwide consumption on various devices. The company intends to manufacture independent content, including independent movies with relevant movie stars and independent soundtracks with substantial fan bases. It also provides locations digital plates and green screen application for use in movies, commercials, for the location, web-applications, and print. The company was formerly known as Destination Television, Inc. and changed its name to The Movie Studio, Inc. in November 2012. The Movie Studio, Inc. was founded in 1961 and is based in Fort Lauderdale, Florida.
About Oxford City FC (OTCQB: OXFC)
Oxford City is a diversified holding company, which controls four portfolios.
The First Portfolio (OXFC Sports Portfolio)
The OXFC Sports Portfolio have a controlling interest is the largest publicly traded diversified portfolio of professional sports teams in the world. Oxford City's portfolio contains a 132-year-old professional football club Oxford City FC, which plays in the Conference North Division of the English Football Association. They also own Oxford City Nomads, which plays in the Hellenic League Premier Division of the English Football Association. Oxford City owns Oxford City Futsal, which plays at the highest level of Futsal in England and has one of the best teams in the UK. Most recently the company has acquired Oxford City Basketball, which plays their games in the EBL, English Basketball League.
The Second Portfolio (OXFC Academic Portfolio)
The OXFC Academic Portfolio owns a diversified portfolio of academic institutions. OXFC owns Oxford City Sports College in Oxford and CIT University in the United States, which expects to have its first brick and mortar campus in the United States in South Florida in the near future to strategically put the University in a tremendous position for the future.
The Third Portfolio (OXFC Media & Entertainment Portfolio)
The OXFC Media & Entertainment Portfolio owns a diversified portfolio of media & entertainment companies. OXFC owns Oxford City Broadcasting Network (http://www.oxfordcitybroadcasting.com), which is broadcasted on 740AM in Florida that reaches from Miami, Florida to Jupiter Florida. OXFC has acquired 1882.tv, which will become the global television platform for the company and their interests. Oxford City's 24 hour television programming which will broadcasted around the world will feature the live radio show "The Oxford City Financial Report", cover all of Oxford City's professional sports teams, and provide continuously programming.
The Fourth Portfolio (OXFC Real Estate & Property Management Portfolio)
The OXFC Real Estate & Property Management Portfolio controls a diversified portfolio of real estate including Oxford City Stadium, Oxford City Indoor Arena, and the Oxford City 3G Training Facility. OXFC benefits from these facilities both in usage and in rental income.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the Company's actual results to differ materially those indicated in the forward-looking statements. Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be losses or business interruption. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstance change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable laws. The definitive agreement associated with this acquisition has not be signed and is subject to a shareholder vote.
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