LONDON, England, Nov. 30, 2012 (CRWENewswire) Superior Venture Corp. ("Superior" or "the Company") (OTCQB:SVEN) has developed a funding mechanism through its wholly owned subsidiary, Ilustrato Pictures ("Ilustrato"), to launch Chinese film development co-productions with a u
Online PR News – 01-December-2012 – Las Vegas, NV – International Film Company Has Developed a Funding Mechanism Through Its Wholly Owned Subsidiary, Ilustrato Pictures to Launch Chinese Film Development Co-Productions With a Unique Repatriation and Box Office Model LONDON, England, Nov. 30, 2012 (CRWENewswire) Superior Venture Corp. ("Superior" or "the Company") (OTCQB:SVEN) has developed a funding mechanism through its wholly owned subsidiary, Ilustrato Pictures ("Ilustrato"), to launch Chinese film development co-productions with a unique repatriation and box office model. "Through our subsidiary, Ilustrato Pictures Limited, Superior Venture Corp. has created a new and ingenious model to enter the rapid growth Chinese movie market", states Brian Hammond, President and CEO of Superior Venture Corp. and co-founder of Ilustrato. "We have found that there is a real need in China for co-creating films from the ground up to satisfy both the Chinese domestic and international markets. After developing relationships and discussions with Chinese Production companies and distributors such as Hairun Pictures, Beijing Galloping Horse TV and Film Co. and others, it became clear that the difficulty of taking a finished, western-style script and adapting it to the Chinese market could be avoided by working together from the beginning. Also, by making films with a domestic Chinese partner company we have created a strong model to achieve repatriation and early success through guaranteed distribution." Through Ilustrato, the Company has already raised financing for the co-development of several feature films over the next eighteen months. Ilustrato is in active negotiations with leading Chinese studios and production companies to expand its development slate and secure additional opportunities for funding from development funds and collaborating companies. China is the fastest growing domestic theatrical market in the world, growing at an annual rate of between 30 and 45 percent per year. The total domestic Chinese box office for 2012 is on track for USD $2.5 billion. Based on this growth, China is now the second largest movie market in the world and is set to surpass the American market by 2015. About Superior Venture Corp. Superior Venture Corp. is a US-based public company. Its wholly owned subsidiary, Ilustrato Pictures Ltd. is an international motion picture development and production company seeking to co-create feature film projects with Chinese film companies. All of its projects are financed, produced and distributed in partnership with domestic Chinese companies. Ilustrato Pictures has developed extensive infrastructure and distribution networks in China --the fastest growing and most dynamic movie market in the world. For more information see http://www.superiorventurecorp.com Contact: Investor Relations Tel: +44 (0) 207 543 7720 Cautionary Statement Regarding Forward-Looking Information This press release may contain certain "forward-looking statements" relating to the business of Superior Venture Corp.. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the advantages of Superior Venture's products and services, anticipated advantages resulting from the merger, whether funding anticipated from completing the merger will result in successful completion and development of the film development component of the business and its market acceptance, the business strategy, plans and objectives of the Company and Ilustrato Pictures Ltd.; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects", "intended" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results and ultimate corporate actions could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the perception of investors of the newly merged company and their willingness to fund this newly public company, the demand for films and film development, new products and services developed by other companies, market share garnered by competitors, ability to maintain customer and vendor relationships, and those factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov), among other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Contact: Superior Venture Corp. Investor Relations firstname.lastname@example.org +44-0-207-543-7720 Source: Superior Venture Corp.
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