August 8, 2008
International Synergy Holding Company, Limited Acquires Allied Artists Pictures Corporation
International Synergy Holding Company, Limited (FRANKFURT: IBS) announced that is has acquired Allied Artists Pictures Corp from affiliate Apple Juice Productions, a spin-off of Allied Artists Entertainment Group.
IBS's acquisition of Allied Artists adds to its portfolio of entertainment assets, a strategic division that will serve to expand its motion picture and music distribution businesses.
Allied Artists' long and rich history includes Allied starting its life as a subsidiary of Monogram Pictures that was established in 1946 as an outlet for films with bigger names and higher budgets than Monogram could boast. Monogram continued to produce "B" movies through 1952, while the studio's special attractions were released as "AlliedArtistsProductions."
In 1953, Allied Artists dropped the Monogram name and functioned as a single entity, Allied Artists Pictures. Allied Artists did make a few noteworthy films in the fifties ("Friendly Persuasion,""Al Capone") but apart from the popular "B" comedies with "The Bowery Boys," most of the studio's output consisted of exploitation pictures, filmed quickly to cash in on current trends and events ("Operation Eichmann,""The Naked Kiss"). One of the few mainstream attractions released by the studio in the 1960s was "Tickle Me" starring Elvis Presley (1965). For better or for worse, one of its better known films today is "Mitchell" (1975) which was spoofed in a very popular episode of "Mystery Science Theater 3000." Allied produced and/or distributed major films such as "Papillon,""Cabaret" and " The Man Who Would Be King."
IBS is a broad based reinsurance company that has developed an innovative "Enhanced" Investment Trust which covers the development and delivery through multiple paths for (collective efforts) and to enhance our company growth & success, for business -- via joint venture & team management, growth & cooperative business development success. Our management has by expertise and knowledge focused its cooperative efforts via finance investments with joint team collective ventures.
IBS is qualified in selective financing of mergers, acquisitions and other attractive opportunities brought to its attention in worldwide business ventures.
For further information visit our website www.internationalsynergyholdingcompanyltd.com or contact us at [email protected]
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
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SOURCE: International Synergy Holding Company, Limited