From the desk of: Donna Abbot – Moore.
FOR IMMEDIATE RELEASE:
Moonlight Media (formerly Firestorm Features) announced today its plan to become a publicly traded company by the end of 2009. Landon Parks, President & CEO of the company stated today “Going public will allow us to broaden our reach for capital investment”. Parks estimates the expense to do the Initial Public Offering will be in the range of $50,000 - $100,000. Parks assured investors who already own stock in the company that the expense should be justified by the ability to reach more investment capital. “By doing the IPO now, we can increase our operating capital, so as to have access to better quality product to bring to the market”, Parks said.
According to Parks, the initial direct public offering will be made for $5,000,000 in capital. The company will be quoted over the counter on either "Pink Sheets QX™" or "OTCBB™", since the company does not yet qualify for trading on NASDAQ™. Parks stated that the process is still being worked out, and that the end of year date is when they intent to have all financial reports submitted to the SEC. Actual time-frame for receiving public status could be an additional 5 – 9 months.
More details of the IPO will be made available once the exact details of the bid have been worked out.
Donna Abbot – Moore,
Public Relations Director,
About Moonlight Media: Moonlight Media (formerly Firestorm Features), is a media company that specializes in motion picture production & distribution, as well as several online services related to the film industry. The company was founded in 2009 by Landon Parks, who is the current President & CEO.
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