FT. LAUDERDALE, Fla.--(EON: Enhanced Online News)--Destination Television, Inc. (OTC: Symbol: DSTV), whose core business was the implementation of private television networks and digital signage solutions in high traffic out-of-home locations announced today that its Chief Executive Officer, Gordon Scott Venters, has completed the implementation of the Company into The Movie Studio, Inc. and has returned the Company to fully reporting status.
I am pleased to be writing my first letter to you as Chief Executive Officer and President of “The Movie Studio” formerly Destination Television and updating you on recent events and future growth plans for the Company.
On August 16, 2010 the Company consolidated its previous digital signage operations and began the re-organization of its capital expenses and re-tooling the Company into a vertically integrated motion picture production company complete with a 10,000 sq. ft. state of the art production studio complete with green screen and infinity wall, production equipment, post-production suites and in-house motion picture distribution.
The Company is currently involved with substantial feature film projects, music videos, television shows and other intellectual properties.
For information on the Company, please visit our website at www.the-movie-studio.com as well as any internet search engine entering our stock symbol to review the audited financial statements.
We are excited about the future of the Company’s brand and public position in the multibillion dollar motion picture sector and be assured that managements focus is shareholder equity and residual value.
Gordon Scott Venters
This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.