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Just Announced!! February 10, 2005 Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTCBB:FMLY - News), is pleased to announce that, in conjunction with Millennium Films, it has entered final negotiations with Morgan Freeman and John Cusack to star in the Millennium Films production "THE CONTRACT," to be directed by two-time Academy Award Nominee Bruce Beresford ("DRIVING MISS DAISY"). Announced that for the first quarter of fiscal year 2005, revenues have increased by 731% over the same quarter of 2004. Revenues for the first quarter of 2005 totaled $975,557, up from $133,500 for first quarter 2004. In addition, this increase in revenues is an increase of 1409% over fourth quarter of fiscal year 2004, which had revenues of only $69,233. Investment Highlights
Profile Family Room Entertainment Corporation, with its subsidiaries, Emmett/Furla Films Productions, Emmett/Furla Films Distribution and EFF Independent, is a publicly held company trading on the NASDAQ Bulletin Board under the symbol "FMLY". FMLY develops, produces and performs production related services for the entertainment industry. Family Room Entertainment's aim is to create and produce high quality motion pictures with high profile talent that can be distributed to a worldwide audience. FMLY derives its income from producer fees, production consulting and service fees and royalties as well as its participation in the profits of the various pictures it produces. The FMLY co-founders, Randall Emmett and George Furla, believe that they have the expertise and contacts within the entertainment industry, specifically in the competitive production and distribution arenas, to profitably acquire content, package product by adding value to the content with top quality talent and produce motion pictures which are in the moderate to higher level budgets, which can be distributed to a mass worldwide audience. FMLY announced that for the first quarter of Fiscal Year 2005, revenues have increased by 731% over the same quarter of 2004. Revenues for the first quarter of 2005 totaled $975,557, up from $133,500 for first quarter 2004. Net Income was $44,719 for the first quarter 2005, compared to a Net Loss of ($549,891) for the same period of Fiscal 2004. Strategy FMLY was created to take advantage of an opportunity in the movie/video segment of the entertainment industry. The company founders (Randall Emmett and George Furla) developed a business model that can profitably produce:
FMLY employs a business model that the company believes minimizes investment risk in entertainment productions. This ‘formula’ provides the potential for FMLY to attain breakeven early in the product life cycle and achieve profitability. Employing a core group of highly qualified staff that can source ideas, talent and financing is key to the company’s success. Since inception, the company has developed, produced and participated in the distribution of various films using this formula. Marquee stars include: Billy Bob Thornton, Steven Seagal, John Travolta, Morgan Freeman, Charlie Sheen, Denise Richards, Kevin Bacon, Christian Slater, Val Kilmer, Willem Defoe, Justin Timberlake and many others. Recent Press ReleasesFeb. 10, 2005 - Family Room ''Contract'' for a New Picture with Morgan Freeman and John Cusack Feb 4, 2005 - Family Room Entertainment Anticipates New Announcements at Berlin Film Festival Jan 31, 2005 - Family Room Joins Maverick & Integrated for a Ride on the ``TERROR TRAIN'' Jan 12, 2005 - John Travolta Cures ``Lonely Heart'' with Family Room Entertainment Dec 14, 2004 - Family Room Sings ``A Love Song'' with Scarlett Johansson Golden Globe Nomination Dec 11, 2004 - Family Room Entertainment Financials Dec 8, 2004 - Family Room Pays Off Line of Credit |
FORWARD LOOKING STATEMENTS
This report includes forward-looking statements that reflect Crown Medical Systems Inc. current expectations about its future results, performance, prospects and opportunities. Crown Medical Systems Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Crown Medical Systems Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
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