GTRL News Get Real USA (GTRL) Announces The Cre
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GTRL News
Get Real USA (GTRL) Announces The Creation of a Film Financing Fund Under the direction of Gregory M. Walker
2012-10-01 07:30 ET - News Release
Get Real USA advisor and film finance veteran Gregory M. Walker plans to launch a GTRL wholly-owned funding subsidiary; focus will be film production funding, film tax credits and other financing arrangements to help producers complete projects. BEVERLY HILLS, Calif., Oct. 1, 2012 /PRNewswire/ -- Get Real USA, Inc. (PINKSHEETS: GTRL) announced Company advisor Gregory M. Walker plans to launch a film finance fund that will be a wholly-owned subsidiary of GTRL. "Since joining our advisory board Mr. Walker, had plans to establish a film finance division for the Company," said Frank Weber, CEO of Get Real USA. "Gregory Walker is already a highly experienced financier in the film industry. His objective is to start a film fund for GTRL that will focus on: financing film tax credits, Gap financing secured by foreign sales contracts, and a completion fund. The ultimate goal is to help producers with funds to complete their projects." Governments offer Film Production tax credit programs. These programs typically provide qualifying film and television productions credits for qualified production expenditures. When these credits are sold they add to the overall profitability of the production. "There are several areas within the film finance space that allow for secured lending while still hitting high overall returns on investments," says Walker, whose film fund in Louisiana has been running successfully for three years.