Our strategy business unit Global 1 Realty Corporation will launch it first global real estate fund for global investors. Global 1 will launch the fund for $25 million to invest in U.S real estate in the southeast United States. The fund will be launched and funded under Regulation S and will be available for non US residents only. The fund will invest in distressed and non-distressed value based real estate and will feature an equity and debt component and will accept investments in Euros, Yen, Pounds, Canadian dollars and other global currencies.
This is the initial fund to be launched under the Global 1 brand. We have in development a real estate hedge fund as well as a real estate securities fund. Our objective is to develop the Global 1 brand into a family of funds focused on the real estate industry.
Internal Investment Banking
Our internal investment banking unit is in development of a real estate security structure that will allow an investor to participate in the acquisition, rehab and refinancing of a property with a single investment. Once this structure is finalized we intend to launch a separate fund under Reg. S for $50 million to acquire distressed properties at a wholesale price in a bulk transaction.
FAQs:
Q1------How will a SSSU investor benefit from the Global 1 strategy?
A1-------An SSSU investor will benefit by the profit participation and equity ownership SSSU will have in each fund that is launched. SSSU will receive a management fee and incentive fees from each fund which we believe will have a positive impact on SSSU's equity.
Summary:
Our business model and financial development is proceeding to take shape and we have the necessary tools and initiatives in place to build out the company's infrastructure now that we have located to our permanent business address. Other funds are in development for our entertainment and financial services partners. More information will be forthcoming regarding our funding agenda.
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.
Contact: Silver Screen Studios, Inc. Donald Evans, 404-255-0400 sssu*mindspring.com. Source: Silver Screen Studios, Inc."
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I agree it looks like this just might start moving today.
onecentlotto
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Moving up nicely.UP Almost 13% already
vinnie1
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on our way.
onecentlotto
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Hookup. Clear the rails. I think we have a runner
vinnie1
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.01 lets go
CoolHandLuke
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Silver Screens Studios: Global 1 Realty Corporation to Merge into Free Trading Shell Corporation; Global 1 Realty Corporation to Apply for Symbol to Trade on the Pink Sheets 08/31/2006 02:36 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, launches $25 million Reg. S fund for global investors and selects portfolios for investment. Global 1 Realty Corporation to apply for a symbol for the Pink Sheets and trade under its own symbol.
Global 1 Realty Merger:
Global 1 Realty Corporation will merge into the free trading share acquisition corporation we recently acquired. This development will enable Global 1 to trade in the market and will enable Global 1 to fund its operations and business plan. We estimate that Global 1 will begin trading as soon as the symbol is approved. Global 1 Realty has organized its first investment fund for real estate assets for the international investor. We have several other funds in development and we are exploring the possibility of establishing a fund to trade under its own symbol.
Wholesale Distressed Property Sector:
Once funded our fund will operate in the wholesale distressed market sector. The profit spread on our acquisition will range from 25-50%. We will limit our acquisition to properties that can be acquired for 25-50% of the appraised value.
Barry Thomas our real estate consultant is actively seeking acquisitions and has identified several properties that fit our acquisition profile. We will open escrow upon initiate seeding of the fund.
About Global 1 Realty Corporation:
Global 1 is organized as a vertically integrated real estate company. Although newly formed, Global 1 is part of the SSSU restructuring new business model. Global 1 will seek out and develop opportunities exclusively in the real estate sector by the creation of various funds for different classes of properties. The family of funds we construct will have equity, fixed income, real estate securities, mortgage, 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.
vinnie1
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GOING TO BE A GOOD DAY.
vinnie1
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JUST BOUGHT MORE ON THE DIP.
CoolHandLuke
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vinni1, I get the impression that you have a major investment in this one. Let's hope for the best.
CoolHandLuke
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Didn't mean to mispell your s/n. vinnie1.
dinner42
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Picked mine up at .006, not bad
CoolHandLuke
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Anybody have any input for this one? They were putting out PRs right and left for awhile and then came to a screeching halt.
dinner42
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Cool.. What we have is not enough shareholder base width, IR needs to get the word out on this great company, been with them for a while now and always expected them to perform. Another undervalued stock going to the way side and where's the follow up PR's from their IR? I thougtht the "Ducks" were in a row here. I heard the train in those PR's I read over the past 4 months. Whats the deal? My .006 cents worth.lol
d42
CoolHandLuke
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Exactly!
CoolHandLuke
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0.0052 w/news.
Silver Screens Studios: Initiates Third Phase of Restructuring; Global 1 Entertainment Tax Credit Production Fund I, LLP Launched 09/14/2006 00:15 Silver Screen Studios, Inc. (OTCBB: SSSU) www.silverscreenstudiogroup.com,http://finance.yahoo.com/q?s=SSSU.OB, Traders Nation, www.tradersnation.com/sssu.shtml, and Global 1 Realty Corporation, www.1global1realty.com, launch $25 million Reg. S fund for global investors and selects portfolios for investment. We have initiated the third phase of restructuring of our business model with the formation of Global 1 Entertainment Production Fund I, LLP.
Global 1 Entertainment Production Fund I, LLP:
We have entered the third phase of our restructuring with the formation of our most recent fund for the production of feature films to take advantage of the Federal Tax Credits under sec. 181 and 199 of the Internal Revenue Code, as well as the Georgia Film Tax Credits, www.cfoyesq.com/ARTICLE%20DRAFT%201.0.htm.
The entertainment fund is structured as a companion to our real estate funds. An investor in one of our real estate funds will be able to shelter the profits by the deductions against passive income offered by an investment in the film fund. 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 $25 million in this fund. The $25 million invested in the fund will generate, assuming a 40% tax bracket, $10 million in passive income tax savings at the federal level and $3,000,000 in savings at the state level.
Summary:
The restructuring of our company is nearing completion. The financial services business unit is being readied and we will launch the final phase of our new business model shortly. Upon completion, SSSU will be an integrated financial assets company with interests in real estate, entertainment and asset management growth sectors. We feel we are poised for rapid growth.
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 release are forward looking and may or may not occur due to forces beyond the company's control. Thursday September 14, 2006 1:07pm ET -- U.S. Markets Open
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onecentlotto
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Its about time this starts to move up.
renrob05
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Divy news on the way. Oversold right now. I like it
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