Get Real USA (GTRL) Announces Beginning Stages of
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Get Real USA advisor and film finance veteran Gregory M. Walker begins to develop 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. 26, 2012 /PRNewswire via COMTEX/ -- Get Real USA, Inc. (PINKSHEETS: GTRL) announced Company advisor Gregory M. Walker has begun negotiating terms with potential candidates interested in tax credits and film completion.
"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.
"We believe we can operate a very active and highly profitable fund for GTRL and be up and running very quickly," added Walker. "But more importantly this should open the door to many other business opportunities for Get Real USA."
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