|By Marketwired .||
|June 26, 2014 10:15 AM EDT||
ORLANDO, FL -- (Marketwired) -- 06/26/14 -- Information Architects (OTC Pink: IACH) (PINKSHEETS: IACH) today announced the signing of a definitive agreement for the acquisition of Legacy Animation Group LLC. This acquisition will include all hard assets as well as trademarks and copyrights for all intellectual property. Legacy's many properties include: animated feature films, children television programming, combination live/animation productions, books, songs, characters, toys, video games, board games, children's clothing lines and more.
Legacy Animation is actively engaged in development and production of animated feature films. The company is in final production stages of a feature film formerly titled, 'Michael Jackson presents: The way of the Unicorn, the endangered ones.' The company had been in discussions for the project with the artist just before his untimely death, and his contributions to the project can be seen as a key foundation to its quality. Accompanying the film property are five songs, a video game, a board game, plush toys and a clothing line for children.
In addition to the feature films Legacy Animation is currently in development of mainstream television programming for kids with the first project being a children's animated television series with a focus on education. The company currently has fifteen children's books written featuring the animated characters of the television series. The author of the books, Dr. Marcy Whitkin, has had her own book in the NY Times best seller list with a forward by Deepak Chopra. Book sales and character licensing will be an adjunct subsidy to the show.
"This acquisition brings Information Architects one step closer to completing the corporate infrastructure to move forward with the development and building of world class theme parks and entertainment resorts. Negotiations are underway for further additions to the management team and we are enthusiastic about the way the company is shaping up and the developments that are to come," stated Steve Adelstein, President of Mergers and Acquisitions.
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