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Americana Publishing, Inc. Devloping Private Placement Memorandum To Fund Entertainment Subsidiary; Initial Funds Will Be Utilized To Develop a Movie Catalog for Americana Entertainment, Ltd.'s Video/DVD Distribution Division.

Publication: PR Newswire
Publication Date: 18-SEP-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Americana Publishing, Inc. (BULLETIN BOARD: APBH) today said it is preparing a private placement memorandum to fund its recently established entertainment subsidiary, Americana Entertainment, Ltd. It is intended this subsidiary be spun off as a separate public company as a result of a dividend issue to existing Americana Publishing, Inc. shareholders sometime over the next 18 months.

The new entity will consist of a video/DVD distribution company and a movie production arm. Funds from the initial private placement will be used to develop a movie catalog in conjunction with both major and independent studios....

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