Amcomri Applies for Management Cease Trade Order

VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- Amcomri Entertainment Inc. (the “Company”) (Cboe CA: AMEN) (Frankfurt: 25YO) (OTC: AMNNF) announces that it has applied to the British Columbia Securities Commission (the “BCSC”) and the Ontario Securities Commission (the “OSC”), under National Policy 12-203 - Management Cease Trade Orders (“NP 12-203”) requesting that a temporary management cease trade order (“MCTO”) be granted in respect of the late filing of the consolidated audited financial statements, management’s discussion & analysis and related officer certifications and annual information form for the year ended December 31, 2023 (together, the “Annual Filings”). The Annual Filings are required to be filed on or before April 2, 2024. There is no guarantee that an MCTO will be granted.

The Company’s auditor requires more time to complete its customary quality reviews with respect to significant risk areas for purposes of the Annual Filings.

The Company will work closely with its auditor to complete the Annual Filings and expects to file the Annual Filings on or about April 15, 2024.

If an MCTO is granted, the Company's directors and senior officers and other insiders will not be able to trade the Company's securities while the MCTO is in effect. The Company confirms that it will comply with the provisions of the alternative information guidelines as set out in NP 12-203 for so long as the default remains in effect, including the issuance of bi-weekly default status reports by way of news release.

The Company confirms, as of the date hereof, that: (i) it is not subject to any insolvency proceeding; and (ii) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

About Amcomri Entertainment Inc.

Amcomri Entertainment Inc. (Cboe CA: AMEN) (Frankfurt: 25Y0) provides global distribution capabilities for independent movie, documentary and TV series producers as well as for its own in-house productions. With decades of experience across all key media platforms, Amcomri is rapidly becoming the go-to team for independent producers seeking the broadest possible audience for their productions. The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.