London, England (PRWEB) December 07, 2012
Superior Venture Corp. ("Superior" or “the Company”) (OTCQB:SVEN) through its wholly owned subsidiary Ilustrato Pictures Limited (“Ilustrato”), a Hong Kong company, has connected with disaster film specialist Tony Mitchell for its new co-development feature Deep Sea Apocalypse.
The co-development project with prominent Chinese motion picture company Wuxi Studios through Superior Venture’s subsidiary is part of a two-film co-development between the companies. Wuxi Studios, under Executive Director Wang Lifeng, will co-develop the US $15 million Deep Sea Apocalypse, considered a breakthrough film for the two partners.
Writer and director Tony Mitchell is pivotal to the co-development project, which is to be one of the first disaster movies produced in China for Chinese and International distribution. Mitchell is a skilled cinematographer, director and writer best known for his movies Flood (2007) and Super Volcano (2005). Now residing in Ireland and Canada, Mitchell has more than 16 directorial credits beginning in 1996. He has been instrumental in the success of numerous disaster-based TV series, feature films and documentaries.
Superior Venture Corp. President and CEO Brian Hammond says, “We are very pleased to connect with Tony Mitchell over Deep Sea Apocalypse. Being that this is the first of two films we are planning to make with successful Wuxi Studios, it’s important to enlist the very best of the North American talent to guide the Chinese co-development. If you’re creating a disaster picture, Tony Mitchell is that specialist. He’s created everything kind of disaster – even the end of the world!”
Wuxi Studios is a $1.4 billion development project that includes 11 sound stages, post-production facilities and a full compliment of animation studios in Wuxi, a city of 7.5 million people just outside Shanghai.
In a unique arrangement, co-productions are exempt from the strict Chinese quota system, giving them a huge advantage at the local box office. In the case of Ilustrato, the Company expects guaranteed domestic distribution on all co-development projects. The film Deep Sea Apocalypse as a co-development project would qualify under this classification for the Chinese market.
About Superior Venture Corp.
Superior Venture Corp. is a US based public company. Its wholly owned subsidiary, Ilustrato Pictures Limited is an international motion picture development and production company seeking to co-create feature film projects with Chinese film companies. All of its projects are financed, produced and distributed in partnership with domestic Chinese companies. Ilustrato Pictures has developed extensive infrastructure and distribution networks in China –the fastest growing and most dynamic movie market in the world.
For more information see http://www.superiorventurecorp.com
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Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of Superior Venture Corp.. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the advantages of Superior Venture’s products and services, anticipated advantages resulting from the merger, whether funding anticipated from completing the merger will result in successful completion and development of the film development component of the business and its market acceptance, the business strategy, plans and objectives of the Company and Ilustrato Pictures Limited; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects", “intended” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results and ultimate corporate actions could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the perception of investors of the newly merged company and their willingness to fund this newly public company, the demand for films and film development, new products and services developed by other companies, market share garnered by competitors, ability to maintain customer and vendor relationships, and those factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov), among other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.