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SOURCE: Superior Venture Corp.
In order to maximize revenues and streamline operations, Superior Venture Corp. has established a new wholly owned subsidiary, Ilustrato Pictures Limited, a Hong Kong Limited company that will be based in and operate there
London, England (PRWEB) December 05, 2012
Superior Venture Corp. ("Superior" or “the Company”) (OTCQB:SVEN) has established a new, wholly owned subsidiary, Ilustrato Pictures Limited (“Ilustrato”), a Hong Kong company engaged in co-developing films for the domestic Chinese market.
The move is part of Superior Venture Corp.’s efforts to streamline operations and provide an operating entity based in China for the Company to develop projects through. The Hong Kong location will serve as a hub for North American, United Kingdom and Chinese operations.
Superior Venture Corp. President and CEO Brian Hammond states, “Hong Kong is perfectly positioned for Ilustrato Pictures Limited and will afford us many opportunities. Under our business model, it will operate as a domestic Limited company and therefore offer not just logistical advantages, but more importantly, access to the co-development structure in the Chinese film market.”
Ilustrato Pictures Limited has established offices in Hong Kong and begun negotiations over film co-development under the new corporate structure with Ilustrato Pictures Limited acting as the studio representative entity for the new projects.
About Superior Venture Corp.
Superior Venture Corp. is a US based public company. Its wholly owned subsidiary, Ilustrato Pictures Limited is an international motion picture development and production company seeking to co-create feature film projects with Chinese film companies. All of its projects are financed, produced and distributed in partnership with domestic Chinese companies. Ilustrato Pictures has developed extensive infrastructure and distribution networks in China –the fastest growing and most dynamic movie market in the world.
For more information see http://www.superiorventurecorp.com
Tel: +44 (0) 207 543 7720
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of Superior Venture Corp.. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the advantages of Superior Venture’s products and services, anticipated advantages resulting from the merger, whether funding anticipated from completing the merger will result in successful completion and development of the film development component of the business and its market acceptance, the business strategy, plans and objectives of the Company and Ilustrato Pictures Ltd.; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects", “intended” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results and ultimate corporate actions could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the perception of investors of the newly merged company and their willingness to fund this newly public company, the demand for films and film development, new products and services developed by other companies, market share garnered by competitors, ability to maintain customer and vendor relationships, and those factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov), among other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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