Rangemore clarifies business model

Rangemore clarifies business model


MIAMI BEACH, FL, June 10, 2013 /PRNewswire/ - In response to numerous
inquiries, Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) would like to clarify to shareholders and potential investors its
current business model.



The business of Rangemore consists of two components: studio operations and film royalties.


Studio Operations

The studio operations could be compared to that of a property management
company. Rangemore has access to a portfolio of properties of which it
leases out at a small profit to film production companies in exchange
for cash and film royalties. Whether Rangemore owns or leases the
properties long or short term is inconsequential. While this component
does generate revenue, its true purpose is to provide a method for
Rangemore to acquire royalties in the independent film productions
without a large cash outlay. Rangemore will negotiate profit sharing
arrangements with film producers in exchange for use of the use of
studios (cost set-off against a contracted agreement for profit
share).  This is a cost effective way for Rangemore to build a
portfolio of revenue producing film royalties.


Film Royalties

The film royalty side of the business is where the large returns come
from and is where the main thrust of business lies.  Low budget
pictures produced by independent production companies in the past have
been able to routinely generate revenues in excess of $2 million when
one considers not only theater, but pay-per-view, home video, foreign
and ancillary revenues. Looking at the top low budget independently
produced pictures, the average 10-year gross was in the neighborhood of
$9 million while the top 8 grossed more than $30 million and the number
one picture earned just over $120 million. Occasionally, feature films
produced for less than $50,000 will gross hundreds of thousands or even
break the multi-million dollar mark.  The table below lists the top ten
independent movies with the lowest budgets that have exceeded $1
million in gross revenue. It is Rangemore's intention to utilize the
studio properties as means to acquire an interest in these types of
independent film projects and over time grow a large portfolio of
revenue producing film royalties.  This is the core business of
Rangemore.






Movies With Lowest Budgets to Earn $1 Million at US Box Office



Release Date Movie Distributor Budget US Gross Worldwide
Gross



1 2/26/1993 El Mariachi Columbia $7,000 $2,040,920 $2,041,928



2 9/25/2009 Paranormal Activity $15,000 $107,918,810 $196,681,656



3 8/1/1991 Slacker Orion $23,000 $1,227,508 Unknown
Classics



4 8/1/1997 In the Company of Men Sony $25,000 $2,883,661 Unknown
Classics



5 6/30/1972 Deep Throat Damiano $25,000 $45,000,000 Unknown



6 10/19/1994 Clerks Miramax $27,000 $3,073,428 $3,894,240



7 3/16/2001 Gabriela Power Point $50,000 $2,335,352 Unknown



8 8/9/1995 The Brothers McMullen Fox $50,000 $10,426,506 Unknown
Searchlight



9 5/7/2004 Super Size Me IDP/Sam $65,000 $11,529,368 $29,529,368
Goldwyn



10 7/10/1998 Pi Artisan $68,000 $3,221,152 $4,678,513








Rangemore currently has a preliminary agreement to participate in the
royalties of one independent film production and is in negotiations for
another two.


About Rangemore Film Productions Corp.

Rangemore Film Productions Corp. is a publicly traded company who in the
business of operating film studios and co-producing independent film
productions.



Rangemore is currently in the process of identifying and acquiring
studio suitable properties in four key markets: Asia; South Africa;
Europe and North America.  Potential acquisition sites will have to
meet certain criteria including: a low cost per square foot; easy
conversion into usable studio space; established local infrastructure;
establish local film industry; limited or non-existent competition;
available government tax incentives and mortgage financeable.  The
identified acquisitions will be either purchased outright utilizing
debt funding and tax credit incentive programs or leased on a long term
basis.



Along with the studio operations, Rangemore will be actively investing
in and co-producing independent film productions.  Currently Rangemore
has a preliminary agreement to participate in the royalties of an
independent film production being developed in the United Kingdom.  The
agreed upon terms will allow Rangemore to purchase interest in the film
royalties in exchange preferred shares for up to a maximum of 10% of
the total royalties.  The final terms and a definitive agreement are in
the process of being prepared.



Rangemore Film Productions Corp. is a Development Stage Company, as
defined by Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") 915, Development Stage Entities, and has
not yet generated significant revenues from their intended business
activities.


Forward Looking Statements

Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See Rangemore
Film Productions Corp.'s filings with OTCMarkets which may identify
specific factors that may cause actual results or events to differ
materially from those described in the forward-looking statements.


SOURCE Rangemore Film Productions Corp.

Rangemore Film Productions Corp.

CONTACT: For more information on Rangemore please call 305-851-2469.On the web go to www.rangemorefilmproductions.com.


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