Gravitas Ventures announced that they have acquired Apartment 1303 3D and plan to release it to theaters later this year:

"Gravitas Ventures announced today that they have acquired theatrical and digital rights to APARTMENT 1303 3D from MonteCristo International. The tense supernatural thriller, written and directed by Michael Taverna, is based on a novel by Kei Ôishi and is a remake of a Japanese horror title of the same name.

APARTMENT 1303 3D, starring Mischa Barton (“The O.C.”), Rebecca De Mornay (“The Hand That Rocks the Cradle”), and Julianne Michelle (“Wall Street: Money Never Sleeps”), will debut on VOD on June 17th.  On July 25th APARTMENT 1303 3D will be released theatrically in 20 markets including many 3D midnight shows.

SYNOPSIS: Having grown up under the controlling grip of her fame-hungry mother (Rebecca De Mornay), Janet Slate (Julianne Michelle) jumps at the opportunity to move into what looks to be a great high-rise apartment in downtown Detroit.  Yet some deals are too good to be true as one night her boyfriend Mark (Corey Sevier) finds her in the middle of the street - having fallen from the balcony thirteen stories above.  When her sister Lara (Mischa Barton) tries to investigate the mystery of what happened, she moves into the same apartment and encounters the odd neighbors in the building, including an eerie nine-year old girl who seems to somehow know the real reason for Janet’s fall.  Lara soon realizes that her sister’s death might spell the same fate for her unless she can overcome the strange events that are terrorizing the inhabitants in Apartment 1303.  Using innovative 3D shooting techniques, director Michael Taverna creates a tense supernatural thriller that is adapted from a novel by Kei Ôishi.

The deal for APARTMENT 1303 3D was negotiated by Gravitas Ventures’ Nolan Gallagher and Monte Cristo International’s Cindy Nelson-Mullen. “APARTMENT 1303 3D is a taut white knuckle supernatural thriller that will frighten apartment dwellers and home owners alike,” remarked Nolan Gallagher, founder and CEO of Gravitas Ventures. “The 3D presentation and performances of Mischa Barton, Rebecca De Mornay and Julianne Michelle will take hold of moviegoers and home viewers looking for a summer scare.”

“APARTMENT 1303 3D is being released theatrically around the world and is holding its ground at the box office against higher budget 3D titles like ‘OZ’ or ‘Giant Slayer.’ This speaks to the quality of the film and of the full stereoscopic 3D as well as the demand for 3D content worldwide,” said  Cindy Nelson-Mullen , CEO of MonteCristo International.

APARTMENT 1303 3D was produced by Michael Taverna and Cindy Nelson-Mullen, and executive produced by David Shoshan and Scott Rosenfelt.  The official Facebook page for the film is https://www.facebook.com/pages/Apartment-1303-3D-Official/299736573388077.

Additionally, Nolan Gallagher from Gravitas Ventures will be speaking tomorrow, Friday April 18th, on a panel at the 2013 Independent Film & Television Alliance (IFTA) 14th Annual Production Conference – “Embracing the Small Screen: How Independents Are Defining Their Future in Television and Digital Media” – in Los Angeles.  His “Buyers” panel will focus on content acquisition and what networks are looking for along with trends in the industry."