SANTA MONICA, Calif.,
Feb. 3, 2014 /PRNewswire/ --
RegalWorks Media, Inc. (OTCBB: RWMI) ("RegalWorks" or "the
Company") today announced the closing of its financing for
Jake's Run, the Company's first feature film production. The
Company also added two key members to its executive management
team. Below is a summary:
- Completed financing for "Jake's Run" - The inspirational
film, which is based on the true-life events of ESPN ESPY Award
winner Jake Porter, will follow the
Company's model of producing high quality films at a reasonable
budget and maximizing the cash flows through multiple revenue
sources. Casting is under way in preparation to commence production
in April 2014. Studio distribution
for the film is in process and expected to be secured by the end of
February 2014.
- Added Ken Herfurth to its
leadership team as Vice President of Business Development.
With over 20 years of management and leadership expertise,
including seven years with a Fortune 100 company, Mr. Herfurth adds
breadth and depth to the management team. His initial focus has
been identifying potential acquisitions and conducting due
diligence. After serving in this capacity as a consultant for five
months, Mr. Herfurth surfaced several potential acquisitions and
has been brought on the team to help close one or more of these
transactions in Q1.
- Added Bill Friday, CFA, to its
leadership team as Vice President of Finance and Operations. Mr.
Friday has over twenty-five years of successful experience in
international banking and finance with stints at both Wachovia Bank
and Grosvenor Park Media that included work in film and
entertainment. In his career he has acted as arranger or
co-arranger on over 40 billion USD in
syndicated facilities. Mr. Friday has been serving as a
consultant for the past six months supporting CFO, Marcia Allen, in various corporate finance
matters but his primary focus has been on raising capital for the
Company's films, film funds, and acquisitions. Mr. Friday has
recently been hired full-time to lead the Company's various
financing efforts as the RegalWorks seeks to complete the financing
for its first three films and several acquisitions targeted to
close in Q1.
"We are excited with our progress in getting the financing for
our first film completed, having two more nearing completion, and
lining up several strategic acquisitions in a relatively short
amount of time," explained Dane
West, the RegalWorks Chairman & CEO. "Having Mr.
Herfurth and Mr. Friday now as officers of the Company will provide
the kind of expertise and concentrated focus it will take to seize
these various opportunities in an accelerated timeframe."
About RegalWorks Media, Inc.
RegalWorks is a publicly traded, independent multimedia studio
led by a highly regarded team of media and business executives. The
initial focus of the Company is feature film production that
matches worldwide audiences with stories that resonate. RegalWorks'
slate of films and projects in the pipeline include projects with
some of Hollywood's leading
producers and directors and internationally bankable casts. The
Company also intends to complete several strategic acquisitions in
the area of media production for film, TV, games, and online, as
well as the Internet and mobile advertising and marketing sectors
to provide additional distribution, marketing channels and
trans-media formats to further leverage the content the Company
produces. For more information please visit
www.regalworks.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
often identified by the use of forward-looking terminology such as
"believes," "expects," "anticipate," "optimistic," "intend," "will"
or other similar expressions. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements attributable to
the Company or persons acting on its behalf are expressly qualified
in their entirety by these factors. Other than as required under
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
SOURCE RegalWorks Media, Inc.