Sycamore Entertainment Group Inc (SEGI)

[GR8FX]

In 3 days it'll have been a year since this

"Corporate Update"

Jun 02, 2015
OTC Disclosure & News Service

Hollywood, CA -

Sycamore Entertainment Group, Inc. (SEGI), a leading innovator in hybrid film distribution, would like to provide the following update.

Over the last few months, Sycamore has placed a great deal of focus on securing funding partnerships that will enable us to acquire projects that have been presented to us that are larger in scope. With that goal in mind, Sycamore hosted a private equity firm in Cannes this year in a continued effort to expose them to the merits of distribution financing. It was an extremely successful outing, as the fund manager got to experience first-hand the distribution financing process. He saw new finished product at private screenings, met with producers, and discuss the overall mechanics of an investment allocation.

In order to be recognized in the film distribution business, an acquisition at a major film festival with a solid P&A commitment must occur. That transaction will only happen with the right funding partner and we are nearing that objective. We are focused on ensuring we have several options with respect to off-balance sheet funding of our future films.

With few open items remaining to complete our audit, our ongoing projects, and the success of our television show, we have a solid standing with all of our potential investment partners. Once our audit is complete, we will be one of only a handful of audited pink sheet companies and are positioned to receive the necessary funding required in the second half of the fiscal year.

Thank you for your continued support.

Edward Sylvan, CEO

Apparently it was BS...