News Column

Destination Television, Inc. Receives Name Change to the Movie Studio, Inc. and Receives New Stock Ticker Symbol and Expands Its Authorized Shares to Develop Intellectual Properties and Facilitate Growth and Acquisition Strategies

June 18, 2014



FORT LAUDERADLE, Fla.--(BUSINESS WIRE)-- Destination Television, Inc. has received a name change to The Movie Studio, Inc. (Pink Sheets: MVES) with the financial markets and receives a new stock ticker symbol completing the final optics of the development and transition of the Company into a motion picture development, production and distribution company.

The Company has expanded its authorized shares by a majority of shareholder consents from two hundred million to seven hundred and fifty million shares to develop intellectual properties and facilitate growth and acquisition strategies and maintain currency shares in treasury stock.

“We are excited about this major step in the development of the Company and completes the transition from our legacy operations and a symbol that represents our entry into the movie business for the long term," Gordon Scott Venters the President and CEO stated today.

The Movie Studio, Inc., an integrated motion picture production company, develops, manufactures, and distributes independent motion picture content for worldwide consumption on various devices. The company intends to manufacture independent content, including indie movies with relevant movie stars and indie 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 Company was founded in 1961 and is based in Fort Lauderdale, Florida.

For information on the Company, please visit our website at www.the-movie-studio.com

This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.



The Movie Studio, Inc.

Gordon Scott Venters, 954-332-6600

President/CEO

Source: The Movie Studio, Inc.


For more stories covering arts and entertainment, please see HispanicBusiness' Arts & Entertainment Channel



Source: Business Wire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters