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[QUOTE]Originally posted by driver4t4: [QB] Press Release Source: Global 1 Investment Holdings Corporation Global 1 Investments Officially Launches Entertainment Tax Credit and Investment Funds Thursday November 16, 1:11 am ET ATLANTA--(BUSINESS WIRE)--Global 1 Investment Holdings Corp. (OTCBB:GOIH - News), Traders Nation, [URL=http://www.tradersnation.com/sssu.shtml,]www.tradersnation.com/sssu.shtml,[/URL] changes name to Global 1 Investment Holdings Corporation to reflect our new business model. Our IR site is [URL=http://www.global1inc.com.]www.global1inc.com.[/URL] ADVERTISEMENT Entertainment Tax Credit Fund: We are officially launching the Entertainment Tax Credit Fund for the production of feature films to take advantage of the Federal Tax Credits under SS 181 and 199 of the Internal Revenue Code as well as the Georgia Film Tax Credits, [URL=http://www.cfoyesq.com/ARTICLE%20DRAFT%201.0.htm.]www.cfoyesq.com/ARTICLE%20DRAFT%201.0.htm.[/URL] Entertainment Focused Reg. E Fund and Reg. S Funds: A specially focused Reg. E Fund for $5,000,000.00 and a $25,000,000.00 Reg. S Fund for international investors have been created as companions for the Tax Credit Fund. The Reg. E and Reg. S Funds will be joint ventures that will invest equity along with the tax credit Fund to cover production budgets. Dividend Distribution: We are preparing the Entertainment Unit for a dividend spin-off to our shareholders once operational. We have retained legal counsel to prepare the registration statement for a $5.0 million IPO of the entertainment unit and to prepare the dividend distribution process to our shareholders. Once the IPO is completed, a follow-on offering of $39.0 million will be conducted to realize the tax economics. We estimate the distribution to be $0.15-$0.27 per share. More details will be posted on our website, [URL=http://www.global1inc.com.]www.global1inc.com.[/URL] Infrastructure of Funds: One hundred percent of the investment in the Tax Credit Fund is tax deductible against passive income by the investor. A Georgia investor will receive an additional credit of 12% against GA income taxes. The Tax Credit and Reg. E Fund are available to both domestic and international investors. The Reg. S Fund is open to international investors only. The $100,000,000.00 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, $52,000,000.00 in total economic value. Production of Film Slate: We are assembling a slate of projects and are preparing to joint venture with distributors and syndicators of content via broadband streaming and DVD distribution. Economics of the Film Industry: The economics of the film industry are located on our website, [URL=http://www.global1inc.com.]www.global1inc.com.[/URL] Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on Global 1 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: Global 1 Holdings Barry Thomas, 404-255-0400 Investor_Relations*mindspring.com -------------------------------------------------------------------------------- [/QB][/QUOTE]
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