AMFL: American Films, Inc. Announces Acquisition of the Screenplay “Offering”
Wednesday 20 June 2012
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.