GK Intelligent Systems Acquires R.S. Entertainment
HOUSTON--April 12, 2005--GK Intelligent Systems, Inc. (OTCBB:GKIG) GK Intelligent Systems, Inc., a next-generation media and entertainment corporation, announced today that it signed a definitive agreement to acquire R.S. Entertainment, Inc (RSE), a Utah corporation with offices in Los Angeles and Salt Lake City.
Founded in 1988, RSE is a leading independent player in the American theatrical film distribution market. It will play an active role in GK’s plan to produce and distribute film content to the mass market. RSE partners Ron Rodgers and Randy Slaughter have seventeen years of proven success and are a well-known factor in the entertainment industry, as much for their outstanding reputation as for the lasting bond they have formed with their exhibitors.
In a recent speech, Dan Glickman, President of the Motion Picture Association of America (MPAA), commented that “one hundred twenty million Americans go to the movies every month. In 2004, the box office grew slightly to $9.54 billion, the third straight year topping $9 billion.” Someone has to distribute those movies to the public. RSE has played its part by releasing critically acclaimed movies such as “Luther”, “Megiddo: The Omega Code 2”, “Akira” and “Unspeakable.” RSE also created its unique Trial Balance Program giving partners (producers and/or exhibitors) an ongoing accounting of all playdates for their films.
Gary F Kimmons, CEO of GK commented that “bringing RSE to the table, along with the venerated expertise of Ron Rodgers and Randy Slaughter, adds a new element to our entertainment model.” He further states “We were pleasantly surprised when the RSE opportunity arose because RSE’s a proven player in theatrical distribution.”
About R.S. Entertainment
Specializing in the independent motion picture industry, R.S. Entertainment provides theatrical film distribution services including strategic market development. RSE works with talented “partners” in creative advertising, media placement and public relations to achieve maximum box office return. The Company offers a complete distribution job for clients - whether the release is limited, regional or nationwide.
The principal partners in R.S. Entertainment are Ron Rodgers and William (Randy) Slaughter. Each has over 35 years of theatrical distribution and marketing experience and has served in executive positions with some of the largest and most profitable independent production and distribution companies in America.
About GK Intelligent Systems
Based in New York, NY, GKIG provides a diversified portfolio of state-of-the-art entertainment and media resources. GKIG acquires profitable ventures in related Entertainment and Lifestyle venues.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company’s actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company’s customers, competition and other factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
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