Family Room Receives FundingLOS ANGELES Family Room Entertainment CorporationM. Dal Walton, III, 310-659-9411, x127dwalton@fmlyroom.comEmmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTCBB:FMLY), is pleased to announce today that it has received funding from institutional and accredited investors, with net proceeds to the Company of $1,744,290. Company will use the proceeds of this financing to fund (a) public relations and publicity efforts; (b) various motion picture development and production activities, including, but not limited to, the acquisition of and the development of literary properties (screenplays, books and other underlying rights), fund the production of small independent motion picture projects; with the balance to be utilized as (c) working capital to support the Company's planned aggressive growth. Co-chairs Randall Emmett and George Furla stated: "We are very excited about the opportunities this funding commitment will afford us. We believe this represents a vote of confidence from the financial community with regard to our up-coming projects. We are also energized by the idea that we will be able to aggressively focus on company growth and acquiring new projects for the near to mid-range future." Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment, is currently prepping two $25 million plus projects: "88 MINUTES," with James Foley at the helm, and "THE CONTRACT," with two-time Academy Award Nominee Bruce Beresford directing. Currently in postproduction is Emmett/Furla's "EDISON," writer/director David Burke's feature film debut. "EDISON" stars Morgan Freeman, LL Cool J, Justin Timberlake and Kevin Spacey. Emmett/Furla Films recently world-premiered "A LOVE SONG FOR BOBBY LONG" at the Venice Film Festival. The Pic stars John Travolta and Scarlett Johansson. In addition, "THE AMITYVILLE HORROR," which Emmett/Furla Films set up with Millennium Films and Miramax/Dimension, is in post-production. Also in the early stages of pre-production is "THE ABOMINABLE SNOWMAN," which Emmett and Furla will produce with Ilya Salkind (Superman I, II, III).
Gruß Bernd
|