ACIES CORPORATION Announces Entry Into Stock Exchange Agreement With Houston Based Champion Entertainment, Inc.

Thu Dec 27, 2012 11:46am EST

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MIAMI, Dec. 27, 2012 (GLOBE NEWSWIRE) -- ACIES CORPORATION (OTCPK:ACIE) announced today that the
company has entered into a Capital Stock Exchange Agreement (the "Agreement") with Houston
Texas-based Champion Entertainment, Inc. ("Champion"). Details of the transaction can be found in
a Form 8-K filed by ACIES CORPORATION on the Securities and Exchange Commission's EDGAR filing
system on December 17, 2012. The transaction, which is anticipated to close before November 2013,
subject to certain closing conditions described in greater detail in the Form 8-K, will result in
Champion Entertainment, Inc. becoming a wholly-owned subsidiary of ACIES CORPORATION.  It is also
anticipated that the management of ACIES CORPORATION will resign their positions, appointing the
senior management of Champion Entertainment to fill their vacancies at such time as the Agreement
closes. Closing conditions include ACIES CORPORATION bringing its periodic quarterly and annual
reports current with the Securities and Exchange Commission. 

About Champion Entertainment, Inc.

Champion develops, produces and distributes compelling family and faith based content for the film
and television industry. Champion is building a different kind of motion picture studio
infrastructure by redefining the development, financing, production, and distribution process.
Champion is a full service production company, offering production services for television, full
length motion pictures, music videos, commercials and infomercials, new media production for
corporate clients including live webcasts, streaming media, interactive and multi-platform media
and a high definition rental broadcast uplink service and studio for live interviews with national
media platforms. Champion Entertainment has offices/studios in Houston, Texas and Hollywood,
California at Sunset Gower Studios. Champion is comprised of four divisions: Champion
Entertainment, Inc., United Film Distribution, RW Productions, Inc., and CEI-Talent.

Champion's CEO, Kurt Neubauer stated, "Champion attempts to combine the efficiencies realized by
studios of the early 1900's with the artistic focus and diversity of today's independent
productions. Using this approach, we believe the risk-reward relationship facing the typical film
project can be dramatically shifted. For example, whereas a typical film pushes artists and
directors to rush development and production in hopes of conserving cash, Champion extends the
pre-production cycle substantially to reduce costs while simultaneously increasing quality.
Similarly, whereas a low-budget picture is severely limited by the types of postproduction
technology used, due to budget constraints, we have invested directly in top of the line
technology and will continue to invest in cutting edge film production equipment spreading the
costs over a targeted number of original motion pictures each year. The goal of Champion is to
develop the ability to consistently produce films with the look, feel and artistic content of
multi-million dollar pictures, for a fraction of the cost."

Forward-Looking Statements

This press release may contain forward-looking statements, including information about
management's view of Acies Corporation's future expectations, plans and prospects. In particular,
when used in the preceding discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are intended to identify
forward-looking statements. Any statements made in this news release other than those of
historical fact, about an action, event or development, are forward-looking statements. These
statements involve known and unknown risks, uncertainties and other factors, which may cause the
results of Acies Corporation to be materially different than those expressed or implied in such
statements. These risk factors and others are included from time to time in documents Acies
Corporation files with the Securities and Exchange Commission, including but not limited to, its
Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have
material adverse effects on Acies Corporation's future results. The forward-looking statements
included in this press release are made only as of the date hereof. Acies Corporation cannot
guarantee future results, levels of activity, performance or achievements. Accordingly, you should
not place undue reliance on these forward-looking statements. Finally, Acies Corporation
undertakes no obligation to update these statements after the date of this release, except as
required by law, and also takes no obligation to update or correct information prepared by third
parties that are not paid for by Acies Corporation.

To learn more, visit:

* Champion Entertainment    www.championentertainment.com
http://www.globenewswire.com/newsroom/ctr?d=10016647&l=7&a=www.championentertainment.com&u=http%3A%2F%2Fwww.championentertainment.com%2F

CONTACT: Kurt Neubauer
         (713) 522-4701
         info@championentertainment.com
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