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Devine Entertainment released detailed guidance
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Saturday, 22 September 2007
Fellow Investor,
On Friday, September 21, 2007, Devine Entertainment (OTCBB: DVNNF)—a global distributor of award-winning, original film and television content—released detailed guidance for the first three quarters of 2007.
For investors looking for a high growth opportunity, we believe there truly is no business like show business. Over the last year, our rapid growth and potential is testament to the voracious worldwide appetite we have experienced for top quality programming—across all age spectrums.

Forecast Highlights (All figures in Canadian dollars):

  • Nine month 2007 revenues forecast at approximately $5.5 million vs. $364,000 for comparable 2006 period—growth of 16 times.
  • Earnings of $1 million vs. a loss of $530,000 for same periods
  • Q3 2007 revenues of $2 million
  • EBITDA in excess of 10 cents per share for first three quarters of 2007
  • Net earnings for the period of 3 cents a share vs. a loss of 1 cent for the same period 2006.
  • By 2011, total global entertainment and media spending (including online and wireless) is forecast to hit $2 trillion.

There are several reasons for our recent growth and expansion, not the least of which are Devine’s increasing number of strategic alliances with international partners such as Sony/BMG, Rogers Media and The Carrere Group of France. As we expand partnerships and continue to finance, produce and deliver high quality programming, we expect to continue our  growth into 2008 and beyond.

Investors should also focus on two other key metrics that should put Devine at the top of a buy list. First, an independent assessment of our proprietary film library is the basis for valuing this growing asset at $10 million, or 25 cents a share.

Second, with a current market cap of approximately $4 million and projected revenues for 2007 in excess of $6 million, the potential for further anticipated share price growth appears significant. In light of reported and annualized 2007 earnings, Management believes the Company’s stock is significantly undervalued based on customary price earnings multiples.   Comparable entertainment public companies are currently trading at 15 to 20 times their projected earnings this year.

As well, the Company leverages Canadian tax credits and other risk-mitigating funding strategies to produce world-class content with predictable and sustainable revenue opportunities.
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We will continue to seek to aggressively grow and exploit both our impressive film library, existing strategic relationships and secure new production and distribution partnerships.


Best Regards,

David Devine
Chief Executive Officer
Devine Entertainment
Source Excerpted : Investment House

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