There were 159 press releases posted in the last 24 hours and 453,314 in the last 365 days.

Archer Entertainment Restructures, Cancels Employee Contracts, Revokes Options Agreements

November 20, 2009 (FinancialWire) — Archer Entertainment Media Communications Inc. (OTC: AEMC) announced a restructuring of the company, as of October 15, 2009, under which all employee contracts and attendant stock option agreements were revoked.

Michael Selsman, Archer CEO, said Archer is now an Asian-based entity, focusing on opportunities in Asia and will change its name to Archer International and operate through a series of subsidiaries in Asia.

Archer Entertainment Media Communications Inc. is a vertically integrated global entertainment and media company engaged in the production, delivery, distribution and exhibition of digital content through various platforms including Internet, IPTV, Satellite to PC TV, Video-on-Demand and Pay-Per-View.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.