Pangea Pictures Reports Letter of Intent to Acquire In-Media Entertainment Corporation

Pangea Pictures Reports Letter of Intent to Acquire In-Media Entertainment Corporation

SPOKANE, Wash., July 13 /PRNewswire-FirstCall/ -- Pangea Pictures Corporation (OTC Pink Sheets: PAGP) is pleased to announce it has signed an agreement to acquire all of the issued and outstanding shares of In-Media Entertainment Corporation. In-Media is a film finance company specializing in the financing of independent film productions.

Upon completion of the acquisition and approval of its shareholders, Pangea will change its name to In-Media Entertainment, Inc. The newly constituted company will focus on providing collateral to independent film productions to enable producers to qualify for film loans from both private and public sources.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Source: Pangea Pictures Corporation

CONTACT: Bill Campbell, President, Pangea Pictures Corporation,
+1-509-922-3035; John Ryan, President, In-Media Entertainment Corporation,
+1-843-263-1169

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Profile: International Entertainment