Thursday, February 09, 2017 10:18:47 AM
Source: InvestorsHub NewsWire
February 9th, 2017 Hollywood, CA – Sycamore Entertainment Group, Inc. (OTC:SEGI), an innovator in hybrid film distribution, is pleased to announce that it has executed a “ film rights purchase agreement” with top Hollywood producers. To secure the deal, Sycamore put $1.5M into escrow while the production financing agreement is being negotiated with the studio. Sycamore has the right to invite third party investors to participate in the production financing.
“We are excited to be working some of the best talents in Hollywood.’ Says Edward Sylvan, CEO of Sycamore. He goes on to say “Our arrangement with LDJ Capital called for us to bring ‘best in class’ projects to the table, I feel we are accomplishing these objectives. We are looking forward to the time when we are able discuss the project in more detail.”
Sycamore is managing it's ongoing reporting requirements as it prepares to file for a REG A+, offering to supply the company with working capital.
“With the working capital in hand we are in the best position to increase shareholder value by spending on corporate marketing and executing on our lineup of film and TV projects.” says Sylvan.
To obtain Pink Current Status, sycamore will be uploading its financial statements within the month of February.
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Investors can also follow Sycamore on Linked in: Sycamore Entertainment Group and Twitter: Sycamorefilms
Contact: info@sycamoreentertainment.com
About Sycamore Entertainment Group Inc. (SEGI):
Sycamore Entertainment is a diversified entertainment company that specializes in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures. Sycamores’ management team utilizes its long standing relationships to provide market specific publicity, promotion, media buying, theatrical placement and Print and & Advertising financing for theatrical domestic release.
Visit: www.sycamoreentertainment.com / Forward-Looking Safe Harbor Statement
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