The funding in the amount of $5 million will be provided for the film with an anticipated closing within 30 days. The film is to be directed by award winning director and film legend Jordan Klein Sr. and shot in Florida and the Bahamas.
The terms of the funding and commitment are most favorable to the company and do not induce any dilution of stock.
You can visit http://www.jordanklein.com to view the accomplishments and biographies of both Kleins and their contributions to the film industry. Klein Sr. has been awarded the only Oscar for a James Bond film, “THUNDERBALL,” and has been regarded as the founder of underwater photography and recognized worldwide. Klein’s television accomplishments include “SEA HUNT” and “FLIPPER,” also filmed in the Bahamas and Florida.
“We are pleased to have secured the funding for our first of two films while maintaining shareholder value and not diluting our stock value,” said Leo Greenfield, President of Distribution Management Services Inc.
“Our long term growth plans of the company are in place, and our marketing team is making great strides in developing the new business plans of our company,” Greenfield added.
A second action film, “SEA ESCAPE,” is also under development and will be produced within the next year.
Filming of the movie is planned to begin shortly with the shooting of the underwater scenes and full scale production beginning in late December in Nassau, Bahamas.
The statements contained in this release and statements that the Company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements as such statements involve risks and uncertainties that could significantly impact the Company’s business and the actual outcome and results may differ materially.
BusinessWire
