The initial site cleanup of the decommissioned U.S. Air Force missile base is almost complete and preparations are under way for the environmental analysis of the site. Ashby is preparing for the next phase — the renovation of existing buildings and construction of the new facility.
When completed, The Bahamas Film Studios will have a significant positive impact on the economy of the Bahamas. Hans J. Schutte, chairman and CEO, stated, “The studios will bring exciting opportunities to the Bahamas and will create additional awareness to become a landmark in the film industry. We plan to be here for the long term and look forward to becoming an integral part of the Bahamas community.”
Due to the enormity of this project, Ashby through its development of The Bahamas Film Studios is ensuring that all governmental concerns and criteria will be met. We welcome the opportunity of working with the government of the Bahamas in the development of a Bahamian-based film industry and a tourism destination.
Craig Woods, the Bahamas film commissioner, is quoted as saying, “As part of the Bahamas government initiative to provide a more diverse economy, we welcome the opportunity to partner with Ashby in supporting the development of such a state-of-the-art film studio facility on Grand Bahama Island. The Ministry of Tourism and the Bahamas Film Commission consider this project a major coup, as it will not only assist in the establishment of a bona fide film industry that encompasses cutting-edge technology, but it will most definitely improve the state of the local film industry. This project will provide employment, new skill development, increased film production and overall international exposure.”
About Ashby Corp. Ltd.
Ashby has created a master plan that will incorporate a film and television production and post-production facility as well as a music-recording studio, with specific other phases which will include a movie theme park, a water park, restaurants, retail stores, an historic Bahamian village and much more. The Bahamas Film Studios will become a defining landmark in the Bahamas. Film production will not be limited to the Freetown facility alone, as Ashby plans to work closely with the Port Authority to utilize locations throughout Grand Bahama.
Safe Harbor for Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Ashby Corp. Ltd. has little or no control.
