XRX International Entertainment Holding Group, Inc. to Acquire Ameriscott Homes, Inc.

Jan. 1, 2012 - PRLog -- FORT LAUDERDALE, FLORIDA – January 2, 2012 – XRX International Entertainment Holding Group, Inc. (“XRXH”) (Pink Sheets: XRXH) announced today that it has acquired Ameriscott Homes, Inc. (“Ameriscott”), www.ameriscotthomes.com, subject to the terms and conditions of a stock purchase agreement, will result in Ameriscott becoming a wholly owned subsidiary of XRXH.

XRXH, a holding company originally formed in 1998, had focused its operations in the entertainment sector.  XRXH had operated its entertainment business through its wholly owned subsidiary doing business under the name Swig Bartini & Bistro in Weston, Florida.

“The acquisition of Ameriscott Homes has the potential to remake the boundaries of XRXH, allowing XRXH the capability to expand its horizons and redirect its operations,” commented Mr. Larry Moskowitz, Chairman and CEO of XRXH.  “Instead of starting from scratch by creating a stand-alone real estate division, XRXH will turn to Ameriscott as a means of investing in an industry that we believe shows great promise."

              As a wholly owned subsidiary, Ameriscott will seek to raise its own investment capital and grow its business.  Ameriscott, headed by Mr. Scott Siegel, is engaged in the business of buying distressed homes for cash and reselling them.  Mr. Siegel got the idea and formed the company three years ago after seeing a gap in the market place for the purchase and resale of distressed homes.  Currently, there are only a few business competitors engaged in this niche sector of the real estate market, such as We Buy Ugly Homes™ (www.webuyuglyhomes.com). Mr. Siegel is no stranger to Wall Street, having successfully built, managed and sold a wholesale/retail first aid supply business, First Aid Direct™.  The company was ultimately acquired by Cintas™ (www.cintas.com).

“I am excited to be back in the public marketplace and look forward to the challenge," commented Mr. Scott Siegel.  “The acquisition reflects XRXH's commitment to have a hand in the real estate marketplace and enter into this particular market sector.  In light of the investment of time and developmental expense it would be for XRXH to build its own company and brand as a start-up, we believe this agreement is timely and we are pleased for Mr Siegel to join the XRXH family,”  said Larry Moskowitz, XRXH’s Chairman and C.E.O.

XRXH Investor Relations

Neal Moskowitz 954-461-8166

neal@xrxholdings.com


Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein.  These forward-looking statements are based largely on the expectations of XRXH (the “Company”) and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. These forward-looking statements are based on various assumptions and involve substantial risks and uncertainties, including, without limitation, those relating to the proposed acquisition, the financial and operational prospects of Ameriscott, the potential benefits of the acquisition, and the risk that the acquisition may not be consummated in accordance with the contemplated terms, if at all. The Company cautions that the foregoing risks and factors are not exclusive.

Investor Relations

Source: XRX INTERNATIONAL ENTERTAINMENT HOLDING GROUP, INC.

Released: January 2, 2012