London, England (PRWEB) December 12, 2012
Superior Venture Corp. ("Superior" or “the Company”) (OTCQB:SVEN) through its wholly owned subsidiary Ilustrato Pictures Limited (“Ilustrato”), a Hong Kong company, plans to triple its film co-development and production roster over the coming year with as many as six projects in negotiations.
Ilustrato Pictures had initially committed to two pictures for immediate co-development, but quickly recognized that its resources and strong connections in the Chinese film business opened the doors to a string of quality projects that could mean a wealth of business. Management believes that it can generate a pipeline of film projects that could be in hand before the fourth quarter ends.
Superior Venture Corp. President and CEO Brian Hammond states, “This is a once in a lifetime opportunity for Ilustrato Pictures that we have spent the last decade working toward. The hard work in getting to know the Chinese studios and their needs was realized when we reached a co-development agreement on 'Stuck,' the feature film with Hairun Pictures. That situation has since expanded greatly and we are in the running for three times the initial roster of films.”
“Each of the projects requires specific elements – from scripting to production and co-financing. They are all very high quality projects that meet with our objective for guaranteed distribution in the Chinese movie market and early payback on the initial investment with a potential for excellent profits,” Hammond adds.
Over the past 30 days, Ilustrato Pictures has announced co-development opportunities with Hairun Pictures based in Beijing and Wuxi Studios based in Wuxi City near Shanghai. The Company also announced offers on three additional scripts that were presented through the China Gateway For Film Competition for 2012.
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 designed to be 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.