[November 20, 2009] Archer Entertainment Restructures, Cancels Employee Contracts, Revokes Options Agreements Tweet Nov 20, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/20/archer-entertainment-restructures-cancels-employee-contracts-revokes-options-agreements/) November 20, 2009 (FinancialWire) -- Archer Entertainment Media Communications Inc. (OTC: AEMC) announced a restructuring of the company, as of October 15, 2009, under which all employee contracts and attendant stock option agreements were revoked. Michael Selsman, Archer CEO, said Archer is now an Asian-based entity, focusing on opportunities in Asia and will change its name to Archer International and operate through a series of subsidiaries in Asia. Archer Entertainment Media Communications Inc. is a vertically integrated global entertainment and media company engaged in the production, delivery, distribution and exhibition of digital content through various platforms including Internet, IPTV, Satellite to PC TV, Video-on-Demand and Pay-Per-View. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via [email protected]. Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). http://www.financialwire.net [ Back To TMCnet.com's Homepage ]