Seven Arts Entertainment Inc. Provides Shareholder Update to Correct the Record on Recent Press
Seven Arts Entertainment Inc. (OTC:SAPX) has issued a clarification regarding its July 11, 2025 announcement about a new film project. The company had to retract the previous press release due to an undisclosed talent's existing non-compete clause with another organization.
The company addressed statements made by a talent manager, explaining that managers don't have complete visibility into production partnerships. SAPX confirmed the project remains active, with ongoing negotiations for additional talent and resources. The company also mentioned pending announcements regarding acquisitions, new projects, and a shareholder Q&A.
Seven Arts Entertainment Inc. (OTC:SAPX) ha emesso una precisazione riguardo al suo annuncio dell'11 luglio 2025 su un nuovo progetto cinematografico. La societ脿 ha dovuto ritirare il comunicato stampa precedente a causa della clausola di non concorrenza, non resa nota, di un talento con un'altra organizzazione.
La societ脿 ha risposto alle dichiarazioni di un manager di talenti spiegando che i manager non hanno una piena visibilit脿 sulle partnership di produzione. SAPX ha confermato che il progetto rimane attivo, con trattative in corso per ulteriori talenti e risorse. La societ脿 ha inoltre annunciato che ci sono comunicazioni in arrivo riguardo acquisizioni, nuovi progetti e una sessione di Q&A per gli azionisti.
Seven Arts Entertainment Inc. (OTC:SAPX) emiti贸 una aclaraci贸n sobre su anuncio del 11 de julio de 2025 acerca de un nuevo proyecto cinematogr谩fico. La compa帽铆a tuvo que retirar el comunicado de prensa anterior debido a la cl谩usula de no competencia, no divulgada, de un talento con otra organizaci贸n.
La compa帽铆a respondi贸 a las declaraciones de un manager de talentos explicando que los managers no siempre tienen visibilidad completa sobre las asociaciones de producci贸n. SAPX confirm贸 que el proyecto sigue activo, y que contin煤an las negociaciones para incorporar talento y recursos adicionales. La compa帽铆a tambi茅n indic贸 que existen anuncios pendientes sobre adquisiciones, nuevos proyectos y una sesi贸n de preguntas y respuestas para accionistas.
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Seven Arts Entertainment Inc. (OTC:SAPX) a publi茅 une clarification concernant son annonce du 11 juillet 2025 au sujet d'un nouveau projet cin茅matographique. La soci茅t茅 a d没 retirer le communiqu茅 de presse pr茅c茅dent en raison d'une clause de non-concurrence, non divulgu茅e, d'un talent avec une autre organisation.
La soci茅t茅 a r茅pondu aux d茅clarations d'un manager de talents en pr茅cisant que les managers n'ont pas toujours une visibilit茅 compl猫te sur les partenariats de production. SAPX a confirm茅 que le projet reste actif, que des n茅gociations sont en cours pour obtenir d'autres talents et ressources. Elle a 茅galement indiqu茅 qu'il y a des annonces 脿 venir concernant des acquisitions, de nouveaux projets et une s茅ance de questions-r茅ponses pour les actionnaires.
Seven Arts Entertainment Inc. (OTC:SAPX) hat eine Klarstellung zu seiner Ank眉ndigung vom 11. Juli 2025 眉ber ein neues Filmprojekt herausgegeben. Das Unternehmen musste die vorherige Pressemitteilung zur眉ckziehen, weil die bestehende Wettbewerbsvereinbarung eines Talents mit einer anderen Organisation nicht offengelegt worden war.
Das Unternehmen ging auf Aussagen eines Talentmanagers ein und erkl盲rte, dass Manager nicht immer vollst盲ndige Einblicke in Produktionspartnerschaften haben. SAPX best盲tigte, dass das Projekt weiterhin aktiv sei und Verhandlungen 眉ber weiteres Talent und Ressourcen laufen. Zudem nannte die Gesellschaft ausstehende Ank眉ndigungen zu 脺bernahmen, neuen Projekten und einer Fragerunde f眉r Aktion盲re.
- Film project remains active and under development
- Company actively negotiating for additional talent and resources
- Multiple upcoming announcements planned regarding acquisitions and new projects
- Required retraction of previous press release due to talent's non-compete clause
- Public disagreement with talent manager potentially affecting company reputation
- Increased restrictions and non-disclosure requirements on project communications
ATLANTA, GA / / August 11, 2025 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", a legacy film and music production company, is pleased to provide the following update.
On July 11, 2025, the Company announced a new film project through an independent production company working with a known sports and entertainment figure. Following the approval and release of the press it was later discovered that this individual still had time remaining in an existing non-compete clause with a particular organization. This oversight was not due to any error on the part of Seven Arts, but, due to the urgency of the matter and pressure upon various parties, the Company agreed to retract the press release until a future date.
Seven Arts is further aware of statements made by a manager regarding the Company. This individual was simply mistaken and likely concerned about any blowback his client might receive due to the announcement. It is not in the purview of a talent manager to have firsthand knowledge of every third-party producer or vendor that the lead production company has elected to do business with on a project. Seven Arts is under agreement with the primary producer of the film, not with the film's various performers.
Since that time all parties have agreed to sign off on more stringent non-disclosures until a future date, agreed upon by the parties. The project remains underway, and Seven Arts is actively negotiating with the primary producer to bring additional talent and resources into the film.
Upon recent communications with OTC Markets, the Company has chosen to address this subject as a stand-alone release. The Company still has several announcements pending regarding acquisitions, new projects, and shareholder Q&A that Seven Arts intends to release shortly.
About: Seven Arts Entertainment Inc. is a media and entertainment company developing a diverse portfolio of intellectual properties in the film and music industries.
Forward-Looking Statements:
This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact: [email protected]
X: @SAPX_7arts
SOURCE: Seven Arts Entertainment, Inc.
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FAQ
Why did Seven Arts Entertainment (SAPX) retract its July 11, 2025 press release?
Is Seven Arts Entertainment's (SAPX) film project still moving forward?
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