Red Rock Announces Return to Trading on OTCBB
Red Rock Pictures Holdings, Inc. (OTCBB: RRPH), an independent film development, production, finance and prints and advertising (P&A) funding company, announced today that its common stock has returned to trading on the electronic OTC Bulletin Board under the symbol “RRPH”, effective immediately. The Company is current and fully reporting under the Securities Exchange Act of 1934 and intends to continue to file all reports as required under the Act.
“We are pleased to be back on the OTC Bulletin Board, which now allows us to focus all of our energy on building the business and generating revenue,” said Red Rock Chief Executive Officer Reno Rolle’. “As I have stated before, I feel strongly that the current share price of our stock does not accurately reflect the Company’s true value, nor does it take into account any of the Studio Store Direct potential or opportunities.”
About Red Rock Pictures Holdings, Inc.
Red Rock Pictures (OTCBB: RRPH) (www.redrockpics.com) finances and co-produces feature films and entertainment for all media. Dedicated to truly partnering with the creative community – from up-and-coming writers, directors and producers to experienced hands in film, television and digital media – Red Rock Pictures is built on its commitment to creative entertainment, finance and innovation.
With the addition of Studio Store Direct, the company also operates as a traditional infomercial production and distribution company. Studio Store Direct has developed a patent pending process for embedding direct response programs directly onto motion picture DVD’s. Viewers can access virtual “QVC like” stores, offering related merchandise for purchase with the simple click of a mouse or by dialing an 800 number. The company’s model provides a turnkey new revenue solution for major Hollywood studios and independent distributors. According to the Electronic Retailing Association (ERA), the direct response television industry accounts for more than 150 billion dollars in annual revenue.