Seven Arts enters LOI to acquire new subsidiart for boutique marketing

Seven Arts (SAPX) Entertainment entered into a Letter of Intent to acquire a new subsidiary.The incoming business specializes in boutique marketing, branding and print material for established talent, with a robust client roster, in the film and music industries. While currently producing significant revenue, the Company believes adding the business to operate in conjunction with its existing subsidiaries, Seven Arts Music, and Muse Media, will accelerate the target company’s revenue projections to exceed $5 million over the next 2 years. The terms of the acquisition have been structured with a combination of cash and preferred stock and will not require the issuance of additional common stock or incur convertible debt leading to the issuance of additional common stock. The parties believe a Final Agreement will be announced on or about August 1st, at which time more specifics will be fully disclosed.