SANTA MONICA, Calif., Sept. 24, 2013 /PRNewswire/ -- RegalWorks Media, Inc. (formerly known as AmerElite Solutions, Inc. (OTC Markets & OTCBB: RWMI) is proud to announce this shareholder update to existing shareholders and potential new shareholders.
RegalWorks (the "Company" or "RegalWorks") recently completed the merger with AmerElite Solutions, Inc. ("AmerElite") effective as of July 15, 2013, as previously announced on form 8-K filed on July 19, 2013 and as also disclosed on the Company's recently filed 10-Q. With the merger and change in control come several new changes for the Company that are included in this update.
Pursuant to the merger between AmerElite and RegalWorks. AmerElite formally changed its name to RegalWorks Media, Inc. Subsequently, there was a 25:1 reverse stock split in the Company's common shares effective August 26, 2013.
In addition to the stock split and company name change, RegalWorks has received a new stock symbol and will now trade under the symbol "RWMI" effective as of the market open on Tuesday, September 24, 2013.The Company's new corporate address, which is also disclosed in our recent public filings, is: 604 Arizona Avenue, Santa Monica, Ca. 90401. Please update your records. Mr. West, the Company's CEO commented, "During the past several months, we have focused a considerable amount of time and effort on merging our company with AmerElite, and aggressively moving forward with our business plan in becoming the next mini-major film studio. We are very excited about becoming a public company and pursuing the various initiatives and projects that are in process as we seek to build long-term shareholder value." About RegalWorks Media, Inc.: RegalWorks is a publicly traded, independent multimedia studio led by a highly regarded team of media and business executives. The initial focus of the Company is feature film production that matches worldwide audiences with stories that resonate. RegalWorks' slate of films and projects in the pipeline include leading producers and directors that will produce buzz-worthy films with memorable story lines and characters, and employ internationally bankable casts. The Company also intends to complete several strategic acquisitions in the area of media production for film, TV, games, and online, as well as Internet and mobile advertising and marketing to provide additional distribution, marketing channels and trans-media formats to further leverage the content the Company produces.