HOLLYWOOD, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Sycamore Entertainment Group, Inc. (USOTC:SEGI), a leading innovator in hybrid film and entertainment distribution, is pleased to announce several prominent theaters in the Chicago and surrounding areas will accept MediaCoin LLC tokens as payment for goods and services.
Cinemasentertainment.com parent company of Lawndale Theaters has agreed to accept MediaCoin LLC tokens as a form of payment at the box office and for other entertainment products and services.
“Because we are seeing such a strong uptake to our blockchain and streaming technology, Lawndale theaters has agreed to be the first to accept MediaCoin LLC tokens as a form of payment,” says Ed Sylvan CEO of Sycamore. He goes on to say “As a result of the recent exciting developments and despite the fact that the whitepaper and it's corresponding streaming technology are complete and actively functioning in the marketplace, Freiberger Company, Cinema Entertainment and Sycamore Entertainment as a group have agreed to temporarily delay the official launch of MediaCoin LLC in an effort to obtain the necessary confirmations and protocols from all the parties involved."
The company is confirming all aspects of its launch to solidify its positioning as a process leader and focusing on all regulatory matters.
Mr.Sylvan says, “We are a unique offering in this space. That is evidenced by the level of support we are getting from the entertainment community. We want to make certain that we deliver the best opportunities for our new partners within an SEC compliant framework.”
Sycamore will continue to provide updates on the new release timing as well as the latest updates on its’ partners, Technology and film projects.
About Sycamore Entertainment Group Inc. (SEGI):
Sycamore Entertainment is a diversified entertainment company that specializes in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures. Sycamores’ management team utilizes its long standing relationships to provide market specific publicity, promotion, media buying, theatrical placement and Print and & Advertising financing for theatrical domestic release.
Forward-Looking Safe Harbor Statement
Sycamore Entertainment press releases contain forward-looking statements that are made pursuant to the safe harbour provisions of the Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. By their nature, forward-looking statements and forecasts involve risks and uncertainties related to events dependant on circumstances that will occur in the near future. These statements involve known and unknown risks and uncertainties, which may cause Sycamore Films actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to obtain rights to distribute and market films, product availability; demand and market competition, and access to capital markets. For a more complete discussion of the risks to which Sycamore Films is subject to please see our filings with the SEC, including our Current Report on Form 8-K filed May 21, 2010 and our Quarterly Report on Form 10-Q for the first quarter 2010. You should independently investigate and fully understand all risks before making investment decisions.