Friday, June 19, 2009

Latest update on Camelot activities...

We have remained very busy since returning from Cannes in late May. We have been in the process of wrapping up our updated business plan which will be part of our registration statements. We have been working on our three main company acquisitions as we work through ongoing changes in the marketplace. We hope to have something solid to report on those soon.

We have also been working on all of our slates, individual productions and those projects in development. We are working on upcoming re-shoots on our urban division's documentary and are undergoing rewrites on two films that are in pre-production. We are also working on several acquisitions in our distribution division in order to generate some initial long awaited revenues. As with the corporate updates, we should have something to release on these items soon.

As part of our upcoming registration statements, we have been working on putting together our advisory board in addition to adding members to our board of directors.

In our studio group, we have been working on our next location. We expect to make a formal announcement during the summer.

On the production services group side, we expect to be able to release news concurrent with the filing of the registration statements.

As you are aware, we recently increased the authorization of our stock in order to meet contractual requirements and to facilitate anticipated issuance's. We have enlisted the aide of several small public company experts and along with our counsel we are working on what next steps to take in reference to the stock. We should have more news on this in the near future.

To assist in communicating with our stockholders, we are retaining the services of an entity to assist us in blogging, twittering and other stockholder communication activities in addition to the traditional press releases and regulatory filings. We continue to work on the web site as well. By bringing in additional help, we hopefully will be able to meet our expectations of regular communication with our stockholders.

We would continue to encourage our stockholders to read our annual and quarterly reports. We would also remind everyone that what we are working on is a long and tedious process and carries with it a great deal of risk. If we can be successful, the results will speak for themselves. But there are no guarantees.

We receive many calls and emails asking what we think the stock will do. Obviously, we cannot, nor can anyone else, predict the future. Stocks, especially those that trade on the bulletin board and the pink sheets, are extremely risky regardless of how strong or weak a particular company is. While we have been and remain optimistic about our future, we can only continue to work hard and do whatever we can to achieve our goals.

There are many who believe we are poised for great things. There are also many who believe there is no hope. We'll leave all that posturing to the pundits and others who love us when the stock goes up, and hate us when the stock goes down. I can assure everyone that those of us who are putting everything we have into this company absolutely believe in what we are doing. We know we are at the right place and at the right time to accomplish our goals. We are faced with many difficult and hard decisions on a daily basis, whether it be the stock, operations or which productions to embark on.

Many of our stockholders and others, both identified and anonymous, have opinions, both positive and negative. We appreciate their comments, even if in many cases they are misinformed, misguided, misled or deliberately negative in nature. For those that have the decency to send us emails directly or call and identify themselves, rather than hide behind anonymous postings, we do what we can to respond directly to your inquiries and questions. We have received many great ideas and suggestions. Thanks again for your input.

Please remember that our main focus is on our business. When we take time away from the business to answer bogus phone calls, emails and postings, that is time that could be better spent on the business, which will benefit us all. For the legitimate calls, emails and postings, again we will do our best to respond as time permits.

Going forward, our new investment relations entities will be keeping up to date the blogs, twitter, facebook and other stockholder communication devices. We will have management contribute when time permits. We appreciate everyone's continued interest in Camelot.