RegalWorks Closes Financing for First Feature Film; Expands Executive Team
RegalWorks Closes Financing for First Feature Film; Expands Executive Team
Jake's Run expected to commence production in April 2014
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:
1. 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.
2. 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.
3. 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.
RegalWorks Media, Inc.
CONTACT: MZ North America, Ted Haberfield, President, +1-760-755-2716, thaberfield@mzgroup.us, www.mzgroup.us
Web Site: http://www.regalworks.com
-------
Profile: intent
0 Comments:
Post a Comment
<< Home