Rising India Enteres Into Stock Purchase Agreement With Hong Kong Group
Sep 16, 2011
OTC Disclosure News Service
Omaha, NE –
COMPANY NEWS AND PRESS RELEASE:
RSII–Rising India, Inc.
Rising India, Inc. Enters Into Stock Purchase Agreement With Hong Kong Group
Omaha, NE –September 16, 2011 –It was announced today that Rising India, Inc. (RSII.PK) a
publicly traded company, entered into a stock purchase agreement with Hong Kong Institute of
Visual Arts, a Hong Kong corporation, King Capital International Pte. Ltd., a Singapore
company and a Hong Kong corporation to be formed, Digital Animation Dimensions Ltd.
whereby the Rising India stock is to be purchased for $4.00 a share.
The stock purchase agreement provides that 100% of the Rising India stock will be purchased at
the scheduled closing on or before November 25, 2011. Moreover, the agreement provides for
an additional $4.00 per share to be paid within 9 months of the closing pending which 40% of
the shares will be held in escrow. Alternatively, if the second payment is not made then all of
the 40% of the shares shall be returned out of escrow to the original shareholders. Under this
second scenario, the effective purchase price for the 60% retained by the purchaser would be
$6.67 per share.
Arthur Taylor, president of Rising India, stated that this unique stock purchase recognizes the
intrinsic value of Rising India and its growing presence within the animation industry, and the
buyers have significant plans to capitalize on this resource. Robin Lim, Director of King Capital,
described the Hong Kong animation vision this way: “Rising India is an excellent platform
acquisition from which we can utilize its strong US access to animation projects and its extensive
Asian network to develop a premier Hong Kong animation holding company. Other animation
acquisitions are expected to follow. Animation in Hong Kong is still at the early stages and the
platform Rising India provides together with other strategic animation-field acquisitions makes
development of the animation conglomerate very attractive in China. Hong Kong and China are
well positioned to grow the holding company and enable us to realize a very strong Asian public
market multiple on the holding company’s assets in approximately twenty-four months.”
Roberto Orlandi, Executive Chairman of King Capital, stated that “King Capital is well
positioned to facilitate financing for this key acquisition. King Capital has access to sizeable
financial collaterals enabling multi-million dollar financing. They also have a very strong
presence in the financial instrument trading arena in the Asian markets and provide a strong
financing support for the transaction.”
Rising India, Inc. wholly owns International Animation Film Group Ltd, a Singapore
company, and Grace Lyster Software Solutions Pvt. Ltd., an Indian subsidiary. In addition to the
United States, Rising India, Inc. has business operations in India, Singapore and Hong Kong.
Rising India, Inc. is a United States based public company with an international market in the
development, financing and production of innovative digital special effects and 3D character
animation for films and TV production.
The company has on-going business relationships with Asian companies that provide extensive
background and expertise in the animation field as well as the financing of animation and familyfriendly
movie projects. As a result of its international scope and relationships, Rising India is
involved in the development, creation and marketing of animation projects for the European,
Asian and United States markets and anticipates significant growth in this expanding industry.
Forward-Looking Statements: Investors are cautioned that certain statements contained in this
document are “Forward-Looking Statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include statements which are
predictive in nature, which depend upon or refer to future events or conditions, which include
words such as “believes,” “anticipates,” “intends,” “plans,” “expects” and similar expressions. In
addition, any statements concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or prospects, and possible future Rising
India, Inc. actions, which may be provided by management, are also forward-looking statements
as defined by the act. These statements are not guarantees of future performance.”
SOURCE: Rising India, Inc.
CONTACT: Rising India, Inc.
INDUSTRY KEYWORD: Computer Software and Services
SUBJECT CODE: Animation
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.