American Films, Inc. Announces Acquisition of the Screenplay “Offering”
June 20 2012 - 9:10AM
Business Wire
American Films, Inc. (Stock Symbol: AMFL) is pleased to announce
it has executed a signed option agreement with writer Dan Gurskis
and director Robert Radler for the screenplay “Offering.” Mr.
Gurskis is well-known for a number of films including The Stranger,
Body Language, Full Body Massage, and The Substitute: Failure is
Not an Option. Mr. Radler is known for directing Best of the Best,
The Substitute: Failure is Not an Option, Soldier of Fortune, and
the upcoming Turn it UP, among others.
AMFL will apply newly available funding methods including crowd
funding, along with traditional mechanisms such as presales, tax
incentive programs, and GAP funding to complete financing for this
film. The film’s profit margins are also expected to benefit by the
use of the new RightsTrade trading platform product offered by
FilmTrack of Studio City, CA. This will decrease distribution costs
and improve margins for the equity participants.
In other company news, Stewart Hall, former CEO of Media 8
Entertainment known for his successful production of Monster, The
Upside of Anger, Havoc, and other films, has joined AMFL as an
in-house executive producer.
Continuing with the previously announced repositioning of the
company, AMFL is in the process of engaging an SEC-approved audit
company to return the company to current reporting status with the
SEC. Also, the company has implemented its stock buyback
program.
About American Films
American Films is an emergent entertainment industry company
focused on opportunities for equity investors. In an industry
environment that is historically unfavorable to equity
participation, American Films seeks to create alternative
investment participation vehicles that provide necessary funding to
appropriate projects while offering reasonable return on investment
and mitigation of the significant business risks traditionally
encountered. American Films identifies media products and talent
receptive to alternative funding and fair treatment of equity
investors; provides vehicles towards accomplishing mutual goals;
and provides target-focused leadership incorporating an audit
emphasis at all stages of project completion including financing,
development, production, distribution, and royalty collection.
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