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SOURCE Rangemore Film Productions Corp.
MIAMI BEACH, FL, Sept. 11, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) is pleased to announce that Appiphany Technologies Holdings Corp. ("Appiphany") (OTCBB:APHD) with which Rangemore has a revenue sharing agreement, was featured today on the CBC radio morning show "Daybreak South" hosted by Chris Walker. The interview with Appiphany's President and CEO focused on the MMA Animals project and specifically the cartoon series. Rangemore has a revenue sharing agreement with Appiphany whereby Rangemore can purchase up to ten percent of the net revenue generated by the MMA Animals cartoons the details of which were previously released. The program was aired this morning at 7:40 AM Pacific Standard Time on 88.9 FM Kelowna and over the internet at www.cbc.ca/daybreaksouth/.
"The fact that CBC, which is Canada's national radio service, recognized Appiphany and the MMA Animals project speaks volumes" stated Andrew McLaughlin, CEO of Rangemore. "It is great to see the interest the project is generating even before the launch of the first episode. This is going to be a very exciting project and Rangemore is going to be right there through all of it" concluded Mr. Smith.
About Rangemore Film Productions Corp. (Formerly Auctions International
Rangemore Film Productions Corp. is a publicly traded company who in the business of operating film studios and co-producing independent film productions.
Rangemore is currently in the process of identifying and acquiring studio suitable properties in four key markets: Asia; South Africa; Europe and North America. Potential acquisition sites will have to meet certain criteria including: a low cost per square foot; easy conversion into usable studio space; established local infrastructure; establish local film industry; limited or non-existent competition; available government tax incentives and mortgage financeable. The identified acquisitions will be either purchased outright utilizing debt funding and tax credit incentive programs or leased on a long term basis.
Along with the studio operations, Rangemore will be actively investing in and co-producing independent film productions. Currently Rangemore has a preliminary agreement to participate in the royalties of an independent film production being developed in the United Kingdom. The agreed upon terms will allow Rangemore to purchase interest in the film royalties in exchange preferred shares for up to a maximum of 10% of the total royalties. The final terms and a definitive agreement are in the process of being prepared.
Rangemore Film Productions Corp. is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Auction International Inc's filings with OTCMarkets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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