|
Regency Resources Appoints Senior Content Acquisition Executive
LOS ANGELES, CA, Apr 18, 2012 (MARKETWIRE via COMTEX) --
Regency Resources, Inc. (OTCBB: RSRS) ("Regency" or the "Company"),
a development stage media based company aiming to offer an in-depth
portfolio of content for Internet TV distribution, is very pleased to
announce the appointment of Mr. Bruce Venezia to the position of Vice
President, Content Acquisition.
Mr. Venezia's career spans 30 years in the sourcing, negotiating and
licensing of independent programming for the home entertainment
market. His responsibilities will include working with content owners
to solidify relationships, identify synergies and opportunities in
order to ultimately unlock significant value from key video and media
libraries.
Martin W. Greenwald, CEO of Regency Resources, stated, "Bruce worked
with me at Image Entertainment, which is being acquired by Robert
Johnson, the founder of BET Network. While at Image, Bruce oversaw
the licensing of well over 10,000 titles during our years in the
laserdisc and DVD environments." Mr. Greenwald continues, "Bruce is
extraordinarily talented and a well-respected member of the
entertainment community. He will be responsible for identifying the
best-of-breed in content and to deliver that product to the world of
internet TV on behalf of our clients. I am delighted to welcome Bruce
to our growing family of superstars!"
Regarding his appointment, Mr. Venezia commented, "The internet TV
space is even more exciting than my years in the packaged media
world. Through Internet TV, we have the capability to reach a
worldwide audience faster and more efficiently than ever before. My
challenge will be to work closely with content providers to identify
meaningful and significant programming. I plan to help build a
world-class management team able to help identify and secure the
hidden treasures I know are out there just waiting to be discovered.
Success in that area will drive the Company's rapid expansion and
shareholder value.
"During my tenure at Image Entertainment," said Mr. Venezia, "I had
the opportunity to work with many entertainment industry luminaries
and we licensed literally thousands of titles. Some that stand out on
the music front were, 'Cher: The Farewell Tour,' 'The Who' Live,
Mariah Carey, The Rolling Stones, and Kiss. Comedic projects included
the licenses for several Jamie Foxx programs, The Blue Collar
Comedians, and Pee Wee Herman. We also released feature films
starring Tommy Lee Jones, Jennifer Aniston, Helen Hunt, Kevin
Costner, Alec Baldwin and others. Image had a great repertoire of
documentaries including programming from the Discovery Channel, IMAX
and Werner Herzog. We plan to propel those kinds of results into this
new and exciting digital medium."
Additional details of the Company's business, finances, appointments
and agreements can be found as part of the Company's continuous
public disclosure as a reporting issuer under the Securities Exchange
Act of 1934 filed with the Securities and Exchange Commission's
("SEC") EDGAR database. For more information, visit our website at:
www.regencyresources.com.
About Regency Resources (OTCBB: RSRS)
Regency Resources is a
development stage company. Through a merger with Digitally
Distributed Acquisition Corporation ("DDAC") the Company seeks to
build a media business using proprietary technologies and close
industry relationships to develop a broad-based and varied portfolio
of content for Internet TV distribution. Regency's business model is
to share revenues with the content owners and provide unique
monetization methods. According to industry research by iDate this
market sector is expected to grow tenfold from its current $400
million in revenues to $4 Billion in 2016. Visit us at
www.regencyresources.com.
Notice Regarding Forward-Looking Statements
This news release
contains "forward-looking statements" as that term is defined in
Section 27(a) of the United States Securities Act of 1933, as amended
and Section 21(e) of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future. Such
forward-looking statements include, among other things, reference to
new technologies, software and sales methods as well as financial
projections for the size of the internet TV market. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with new projects and development
stage companies. These forward-looking statements are made as of the
date of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans, expectations
and intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in our annual report on Form 10-K for the
most recent fiscal year, our quarterly reports on Form 10-Q and other
periodic reports filed from time-to-time with the Securities and
Exchange Commission.
Contact:
Brad Long
Oceanview IR Services, Inc.
Tel: 1-888-906-6427
investors@regencyresources.com
www.regencyresources.com
SOURCE: Regency Resources, Inc.
mailto:investors@regencyresources.com
http://www.regencyresources.com/
[ Back To TMCnet.com's Homepage ]
|
Call Center/CRM
Info Tech 
IP Communications 
Mobile 
Green 
Satellite 
Robotics 
Internet Telephony Magazine
Click here to read latest issue
CUSTOMER 
Cloud Computing Magazine
Click here to read latest issue
M2M Evolution Magazine
