Carolco Names Jacqueline Journey COO

LOS ANGELES, Jan. 11, 2015 /PRNewswire/ -- Carolco Pictures, Inc. (OTC Markets: CRCO) today announced that it engaged Jacqueline Journey to serve as the new Chief Operating Officer.  Jacqueline Journey is an award-winning filmmaker and television producer who has created thousands of hours of original programming that have been seen in all corners of the globe including Europe, Africa, Asia and The Pacific Rim, The Middle East, South America, and the United States. Several of these were award-winning live concerts, documentaries, series, and high profile interviews featuring Oscar winners, Grammy winners, legends, and celebrities including Matthew McConaughey, Dennis Quaid, Willie Nelson, Billy Bob Thornton, Juliette Lewis and Taylor Swift.  

Ms. Journey has worked with three 24 hour music and entertainment networks: Hit Video USA (bought out by Viacom International), TMZ, The Music Zone (a partnership with TCI/Liberty) and most recently M*E Television (a partnership with Time Warner) where she was recruited as Vice President and Executive Producer.

In 2015, Ms. Journey completed her first feature film, Hidden Assets, which she wrote, directed and stared in.  Hidden Assets recently screened in Cannes and was awarded BEST FILM at Florida Supercon.  In addition to her years of experience behind the camera, she is an accomplished, award-winning actress, portraying Karen Stark on NBC's Friday Night Lights, appearing in several independent films, and hosting numerous popular music and entertainment series some of which have been internationally syndicated.  

Tarek Kirschen, CEO said: "My job is to think about the future of our company and how to move it forward. Jacqueline is exceptionally talented, and she will bring our company a fresh and exciting global perspective. Jacqueline and I share a great vision for the future of Carolco. Now, that the pieces are falling in place to position our business for growth, I could not be more excited"

Jacqueline Journey said: "I am thrilled to have the opportunity to work directly and collaboratively with a visionary like Tarek Kirschen. I believe his creativity and singular vision will help make Carolco, one of the most iconic brands in the industry, become a leader once again and I share his enthusiasm for the future. I believe the company has tremendous potential."

About Carolco Pictures, Inc.: Carolco is a diversified entertainment company engaged in the financing, production, and leasing of motion picture properties. Carolco's most recent regulatory filings and financial information can be found on the Securities and Exchange Commission's website at www.sec.gov

Forward-Looking Statements: Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue", or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K,  its Quarterly Reports on Form 10-Q, and Current Reports of Form 8-K.

SOURCE Carolco Pictures, Inc.