Big Screen Entertainment Group (PINKSHEETS: BSEG) posted a record increase in year-end gross revenues. Gross revenue increased 332% for the fiscal year ending March 31, 2013 over the prior year.
"This was an exceptional year, combining solid growth and continued strong consumer demand for entertainment in various formats," said Kimberley Kates, chief executive officer at Big Screen Entertainment Group. "Our ability to grow revenue, increase our marketing and sales force, broaden our film library and provide services for other productions while continuing to control costs, allowed us to deliver a significant increase in gross revenue."
"We are seeing improved sales, more licensing agreements and BSEG is being hired to perform work as a production company in other areas such as the Medical Device Educational Industry. Our contracts with vendors remain strong and are increasing in number, reflecting more consumption which turns into revenue for BSEG, its filmmakers and partners," said Kates.
Business Outlook
BSEG is in the process of opening up offices in Paris, France. The Company will be headed up by Corentin Marmignon, VP Sales International. Mr. Marmignon has a wealth of distribution connections in France.
The new international company has major contracts in the works with high-volume French retailers. It will also target the French VOD market and major television networks. The company anticipates its products to be available countrywide by October, 2013.
BSEG Year End Financials: http://www.otcmarkets.com/financialReportViewer?symbol=BSEG&id=108128
ABOUT BIG SCREEN ENTERTAINMENT - BSEG is a leading entertainment company with a diversified presence in motion picture production and distribution, home entertainment, television, family entertainment, digital distribution and international sales.
www.bigscreenent.com
Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," and similar expressions are forward-looking statements.
Contact: Isaac Marble, VP Sales
323.960.3410 -
