WESTLAKE VILLAGE, Calif., May 28, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Empire Film Group, Inc. (OTC Pink Sheets:EFGU) is pleased to announce that it has appointed Joseph R. Cellura as its Chairman of the Board of Directors and Managing Director of the company. Mr. Dean Hamilton Bornstein will remain as President, Chief Executive Officer, Vice Chairman of the Board and shareholder of the company.
"We are excited to have Joe join the company as he is long regarded in the financial industry for his vision and commitment to numerous projects. I have known Joe in excess of ten years and his extensive expertise in global capital markets and strategic global positioning is what the Board of Directors is looking for at this point in time. Joe will help bring a fresh look to the company and will help introduce new strategic business opportunities," commented Mr. Bornstein.
Mr. Cellura brings to the company international business experience in global capital markets and a new approach to financing strategies. He has greater than 35 years as an independent consultant, senior manager, corporate board of director and corporate business development experience in both public and private sectors. Additionally he has extensive knowledge and experience dealing with companies with market capitalizations of $20,000,000 to several hundred million dollars. Mr. Cellura has been involved in varied and progressively more responsible positions throughout his career. Joe is recognized for his vision, creativity, business acumen, and leadership qualities.
Empire Film Group, Inc. is a fully integrated digital media, film and television production and distribution company with distribution capabilities to reach theatrical, video, television, video-on-demand and international markets. Empire Sports Group, Inc. is a wholly owned subsidiary of Empire Film Group set up to develop, acquire, produce, market and distribute sports related entertainment properties in film, television and in various multimedia and digital environments.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.