SSSU,Silver Screens Studios: Capital Structure, Share Appreciation and Acquisition Strategy Business Wire - October 17, 2006 09:00 A SSSU Updates Shareholders with Details of Share Exchange, NOBO List and Financing Plans
ATLANTA, Oct 17, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (OTCBB: SSSU) www.silverscreenstudiogroup.com, http://finance.yahoo.com/q?s=SSSU.OB, Traders Nation, www.tradersnation.com/sssu.shtml, Global 1 Realty Corporation, www.1global1realty.com, forms venture capital private equity investment funds for acquisitions of companies, financing of investments in other entities, and files to do business as Silver Screen Holdings to reflect our new business model.
Share Capital Structure:
The company's strategy regarding its capital structure is to grow SSSU through acquisitions in a non-dilutive manner. We have created Reg. E Business Development Companies to raise $10 million per year which will be used as acquisition vehicles rather than diluting the equity position of the company.
Furthermore, we have NO intent of conducting a reverse split of the company's shares. The new shares we have authorized will be used in a non-dilutive manner and are strictly for acquisitions as restricted shares.
Corporate Growth Strategy:
Our corporate growth strategy is to grow internally through share appreciation and capital gains through the acquisition of and investment in growth companies and opportunities present to us. Our strategy is to diversify the risks of ownership in our shares by the distribution of dividends of companies, up to (25%), we invest in. We have several concepts and companies we are investigating for acquisition and investment.
Capital Gains and Share Appreciation through Federal and State Tax Credits:
Our strategic business unit Global 1 Entertainment, Inc. is preparing a slate of film projects to take advantage of section 181 and 199 of the internal revenue code film tax credits. Investors in the partnerships we create will be able to write off 100% of their investment in the partnerships as a tax credit against their federal income taxes. www.cfoyesq.com/ARTICLE%20DRAFT%201.0.htm. One hundred percent of the investment in the film fund is tax deductible against passive income by the investor. A Georgia investor will receive an additional credit of 12% against GA income taxes.
This fund is available to U.S., as well as international investors. We are exploring the distribution of our funds via a broker/dealer network and Registered Investment Advisors. We expect to raise up to $100 million in these funds. The $100 million invested in the fund will generate, assuming a 40% tax bracket, $40 million in passive income tax savings at the federal level and $12,000,000 in savings at the state level.
Together a total of $52 million in capital gains added back into our capital structure as an investor benefit gives our shares an additional value of $0.50 per share.
Valuation Metrics:
We estimate SSSU shares to have an intrinsic value inclusion of any dividend distribution of portfolio companies of between $0.35-0.50 per share plus the tax credit benefit estimated at $0.50 per share. This value is based on the distribution of 25% of a portfolio company's shares to our shareholders and each portfolio company to trade on the OTCBB at a price of $0.05 - $0.10 per share.
NOBO List:
The NOBO List, Non Objecting Beneficial Owners, will help us identify the correct and accurate shareholder base, and award the benefits to the correct parties and to protect the investment of verifiable shareholders. We expect to have the results of the complete NOBO list later this week and the short position announced to our shareholders.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
SOURCE: Silver Screen Studios, Inc.
Silver Screen Studios, Inc., Atlanta Barry Thomas, 404-255-0400 sssu@mindspring.com
XNN,Xenonics in Defense Appropriations Bill PR Newswire - October 17, 2006 09:00 $2 Million Budgeted for Xenonics NightHunter Systems
CARLSBAD, Calif., Oct 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- XENONICS HOLDINGS, INC. (Amex: XNN) announced today that the Defense Appropriation Bill for 2007 has budgeted $2 million under the heading of "NIGHT VISION DEVICES". The Bill authorizes that $2 million be spent for "Ultra High Intensity illumination systems (NightHunter and NightHunterII visible/IR illumination devices".
"The NightHunter has been a vital product that has been used with great success by the military in the field. The NightHunter saves lives and helps the soldiers and marines accomplish their mission better and safer. We at Xenonics are proud of the contribution the NightHunter has made. The Company has a world class engineering team and will continue to develop products which will have no peer. Xenonics will introduce "SuperVision" during our first quarter, October 1, 2006 to December 31, 2006. SuperVision will set the bar for night vision," said Alan P. Magerman, Chairman of the Board of Xenonics Holdings, Inc.
About Xenonics
Xenonics develops and produces advanced, lightweight and compact ultra-high intensity illumination products for military, law enforcement, public safety, and commercial and private sector applications. Currently, NightHunters are in use by every branch of the U.S. Armed Forces as well as a wide variety of law enforcement and security agencies. Using its breakthrough patented technology, Xenonics provides innovative solutions for customers that demand the ability to see farther so that they can do their job better and safer. Xenonics' products deliver a quantum leap in performance over other illumination technologies and represent the next generation in small, high intensity, high efficiency illumination systems. Visit Xenonics on the web at www.xenonics.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect our management's current views about future events and financial performance. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, the adverse effect of competition, delays in the production or shipment of our products and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB and quarterly report on Form 10-QSB. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Xenonics Holdings, Inc.
Valerie V. Vekkos, Investor Relations of Xenonics Holdings, Inc., +1-760-438-4004, ir@xenonics.com
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