Big Screen Entertainment Signs Deal With Rochester Financial for Michigan Movies
Wednesday, 24 September 2008 06:20
Big Screen Entertainment Group (OTC:BSEG) has entered into a financing partnership with Rochester Financial Center to develop film financing packages and funds for a number of films to be produced solely in Michigan.
Big Screen will be opening a permanent production branch in Southeast Michigan to capitalize on the remarkable initiative of 40% return on all Michigan film expenditures.
"We plan on making a new home in the Rochester area and true to the law's purpose, we are providing employment and business opportunities to individuals and established Michigan businesses," stated BSEG Senior VP, Michael Manasseri.
The Michigan Financial Group is a venture capital company that has been working with Manasseri to broaden the company's portfolio to film financing. The Group has numerous relationships with commercial banks and lending institutions in Michigan.
"We are excited to enter into this agreement with Big Screen Entertainment. There has been a substantial amount of excitement around the area with respect to Hollywood entering our state. We feel that this partnership with Big Screen will serve as a good foundation for future endeavors and look forward to evolving this relationship for many films to come," said Managing Partner, Miguel Coder.
BSEG plans to produce the first of four pictures in the family action franchise, CODE NINJA in early 2009 in Michigan, as well as a number of other genre pictures.
In Other BSEG News:
BSEG's horror/thriller BABYSITTER WANTED heads to Edmonton, Canada, to screen in the Edmonton International Film Festival.
The film will screen in the festival's opening weekend Edge of Night category on September 28th at 9:30 p.m. at the Empire City Centre. For more information on BABYSITTER WANTED's screening, visit the official festival site at:
http://edmonton.bside.com/2008/films/babysitterwanted_edmonton2008
Lions Gate will be releasing the title the first quarter of 2009. BABYSITTER WANTED has garnered international acclaim on the festival circuit and from horror critics worldwide.
About BSEG:
Big Screen Entertainment Group (BSEG) is a full service entertainment company designed to develop, produce, purchase, exhibit and distribute products in all media formats, including motion pictures, television, music, publishing, video games and cell phone content.
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements.
Big Screen Entertainment Group
Rosslyn Hornsby, VP Marketing, 323-956-4321,
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Miguel Coder,
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