LOS ANGELES--(BUSINESS WIRE)--American Films, Inc. (Pink Sheets: AMFL) is pleased to announce the completed acquisition of Paloozoo.com, a fully operating social networking platform. The unique Paloozoo technology offers the member-users the ability to filter and control their content feed, thereby blocking unwanted postings.
"We're very pleased to be joining American Films, Inc. This acquisition gives Paloozoo a tremendous opportunity to scale and to realize compelling synergies between our two company's offerings," said Rick Link, Co-Founder and Chief Technology Officer of Paloozoo.
"Paloozoo's vision has always been to provide the most diverse content in social media while giving users direct control over their experience. American Films, Inc. will help take this vision to another level," said Mark Reinisch, Co-Founder and Chief Product Officer of Paloozoo.
American Films, Inc. President John Carty welcomed the Paloozoo team to the company by saying, “We all look forward to seeing the new platform support the filmmaking process for creative independent film producers. Plus, it only takes two clicks to establish your Paloozoo account!”
About American Films, Inc.
American Films, Inc. is an emergent entertainment industry company focused on opportunities for equity investors. In an industry environment that is historically unfavorable to equity participation, American Films seeks to create alternative investment participation vehicles that provide necessary funding to appropriate projects while offering reasonable return on investment and mitigation of the significant business risks traditionally encountered. American Films identifies media products and talent receptive to alternative funding and fair treatment of equity investors, provides vehicles towards accomplishing mutual goals, and provides target-focused leadership incorporating an audit emphasis at all stages of project completion including financing, development, production, distribution, and royalty collection.