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Affinity Mediaworks Corp. to Co-Produce Twelve Feature Films!


Published on 2009-10-28 06:20:03 - Market Wire
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MONSEY, NEW YORK--(Marketwire - Oct. 28, 2009) - Affinity Mediaworks Corp. (OTCBB:AFFW). Affinity is pleased to announce that it has entered into an agreement to produce twelve films with Insight Film Studios/Odyssey Film Studios of Vancouver, British Columbia. Insight leads the Canadian industry for the fourth consecutive year according to Playback magazine with over $125 million in production of television, theatrical and documentary product as of August 2009. Insight Film Studios latest feature release, the horror spoof "Stan Helsing" (Directed by Bo Zenga, Starring Leslie Nielsen) is set to premier this Halloween. Earlier this year, Insight released the feature, "Personal Effects" staring Ashton Kutcher andMichelle Pfeifer.

Each of the 12 films will have budgets in the range of $4 to $10 million with high quality talent and producers attached. The company has secured funding from a large distribution and co-production partner in Europe. The European partners are to provide 50% of each budget and the Canadian joint venture will provide the other 50%. Affinity and Insight will provide funding through bank financing of tax credits, guaranteed distribution contracts and equity. The first of the twelve films to be produced will be in prep as of December 2009 with the rest of the films to be in production before December 30, 2010, producing on average, one film per month. This is a very exciting opportunity for the company as it will establish itself as a prominent leader in the Canadian and International film market. The slate of films to be produced will be announced subsequently.

About Affinity Mediaworks Corp.

Affinity Mediaworks Corp. provides visual and production services and solutions to independent and small to film sectors. The company acts as a Marketing Liaison, supplying to its clients a broad variety of services that increase their business efficiency. These include pre and post production services, film financing, and distribution services. Information on Affinity is available at: [ http://www.affinitymediaworks.net ]

Safe Harbor:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.