Big Screen Entertainment Signs Deal With Rochester Financial for Michigan Movies
24 Septembre 2008 - 8:38PM
Business Wire
Big Screen Entertainment Group (OTC:BSEG) has entered into a
financing partnership with Rochester Financial Center to develop
film financing packages and funds for a number of films to be
produced solely in Michigan. Big Screen will be opening a permanent
production branch in Southeast Michigan to capitalize on the
remarkable initiative of 40% return on all Michigan film
expenditures. �We plan on making a new home in the Rochester area
and true to the law�s purpose, we are providing employment and
business opportunities to individuals and established Michigan
businesses,� stated BSEG Senior VP, Michael Manasseri. The Michigan
Financial Group is a venture capital company that has been working
with Manasseri to broaden the company�s portfolio to film
financing. The Group has numerous relationships with commercial
banks and lending institutions in Michigan. �We are excited to
enter into this agreement with Big Screen Entertainment. There has
been a substantial amount of excitement around the area with
respect to Hollywood entering our state. We feel that this
partnership with Big Screen will serve as a good foundation for
future endeavors and look forward to evolving this relationship for
many films to come,� said Managing Partner, Miguel Coder. BSEG
plans to produce the first of four pictures in the family action
franchise, CODE NINJA in early 2009 in Michigan, as well as a
number of other genre pictures. In Other BSEG News: BSEG�s
horror/thriller BABYSITTER WANTED heads to Edmonton, Canada, to
screen in the Edmonton International Film Festival. The film will
screen in the festival�s opening weekend Edge of Night category on
September 28th at 9:30 p.m. at the Empire City Centre. For more
information on BABYSITTER WANTED�s screening, visit the official
festival site at:
http://edmonton.bside.com/2008/films/babysitterwanted_edmonton2008
Lions Gate will be releasing the title the first quarter of 2009.
BABYSITTER WANTED has garnered international acclaim on the
festival circuit and from horror critics worldwide. About BSEG: Big
Screen Entertainment Group (BSEG) is a full service entertainment
company designed to develop, produce, purchase, exhibit and
distribute products in all media formats, including motion
pictures, television, music, publishing, video games and cell phone
content. Forward-Looking Statements: A number of statements
contained in this press release are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Act of 1995. These forward-looking statements
involve a number of risks and uncertainties, including timely
development, and market acceptance of products and technologies,
competitive market conditions, successful integration of
acquisitions and the ability to secure additional sources of
financing. When used in this press release, words such as �could,�
�plan,� �estimate,� �expect,� �intend,� �may,� �potential,�
�should,� and similar expressions are forward-looking statements.
Big Screen Entertainment (PK) (USOTC:BSEG)
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