Appreciated Media Holdings (TSX.V: AMH) (OTC: WDRFF), formerly The Wonderfilm Media Corporation, on Monday announced that it has entered into a non-binding letter of intent (“LOI”) with Appreciated Entertainment Ltd. pursuant to which it will acquire the business and assets of Appreciated Music, a Vancouver-based independent record label owned and operated by Appreciated Entertainment, for a total purchase price of $750,000. Further details regarding the issuance of common shares to satisfy the purchase price are available in the company’s press release. “In furtherance of our strategy to develop a division in the music industry, the acquisition of Appreciated Music allows us to integrate an independent record label into our offering. We will focus on continuing to expand our talent roster and the placement of our music catalog in films, trailers and soundtracks. This transaction is integral to kick-starting the development and operation of our music division,” Appreciated Media CEO and sole shareholder of Appreciated Entertainment Stephen Brown stated in the news release.
To view the full press release, visit http://nnw.fm/An5qB
About Appreciated Media Holdings Inc.
Appreciated Media (TSXV: AMH) (OTC: WDRFF) is a multi-faceted entertainment company based in Vancouver. The company has a new CEO at the helm and has divisions in the film, music and television industries. The Appreciated Media team is extremely well-versed in a variety of entertainment delivery platforms and plans to become a top-tier entertainment company rising to the level of success achieved by other companies originally formed in Vancouver. For more information, visit the company’s website at www.AppreciatedMedia.com.
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