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Silver Screen Studios: Financing, Growth and Acquisition Strategy Resulting from NOBO List Imbalance Business Wire - October 24, 2006 12:25 PM ET
Related Quotes Symbol Last Chg SSSU Trade 0.0445 +0.0025 Quotes delayed at least 15 minutes
As the company previously mentioned we will go to any length to protect the interest of our loyal shareholders. We feel at this time it is in the best interest to buy back shares in the open market, via a Reg. E Fund up to $5.0 million, to place as much pressure as possible on the creators of the share imbalance. We have addressed this issue by both our investment banking unit and the Reg. E funds to raise as much capital as possible, through the use of the Reg. E shares in a non-dilutive method.
-- As previously stated we have no intention of conducting any reverse split of our shares.
Growth Strategy:
As strategy for growth is through price appreciation and dividend distribution of portfolio companies acquired by our Reg. E Funds. The board will meet again this week to consider all methods to assure the continued growth of SSSU and to authorize our first acquisition.
Shareholders Integrity Plan:
We are very excited with Phase I of the SIP. Our first real estate acquisition will be shortly announced which will enable the company to add hard tangible assets to its financial statements. We feel the mortgage company will provide a ready cash flow revenue stream and will finance the growth of the real asset acquisition strategy. Revenue generation and creation is the company's immediate goal.
FAQs:
1. How does SSSU value the Reg. E Funds?
a. The Reg. E. Funds can raise $5.0 million per year exempt and we will use the proceeds to support SSSU stock in the open market via a share buy back to address the imbalance of more than 100 million shares.
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 < Return to Previous
Posts: 514 | From: Claremore, Ok., USA | Registered: Apr 2004
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Silver Screen Studios: Financing, Growth and Acquisition Strategy Resulting from NOBO List Imbalance
PrintE-mailDisable live quotesRSSDigg itDel.icio.usLast Update: 12:25 PM ET Oct 24, 2006
ATLANTA, Oct 24, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (SSSU : SSSU News , chart, profile, more Last:
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: SSSU, , ) , http://finance.yahoo.com/q?d=v1&s=sssu.ob implements Shareholders Integrity Plan Phase I and discusses growth plan. Open Market Share Repurchase via Reg. E Funds: As the company previously mentioned we will go to any length to protect the interest of our loyal shareholders. We feel at this time it is in the best interest to buy back shares in the open market, via a Reg. E Fund up to $5.0 million, to place as much pressure as possible on the creators of the share imbalance. We have addressed this issue by both our investment banking unit and the Reg. E funds to raise as much capital as possible, through the use of the Reg. E shares in a non-dilutive method. -- As previously stated we have no intention of conducting any reverse split of our shares. Growth Strategy: As strategy for growth is through price appreciation and dividend distribution of portfolio companies acquired by our Reg. E Funds. The board will meet again this week to consider all methods to assure the continued growth of SSSU and to authorize our first acquisition. Shareholders Integrity Plan: We are very excited with Phase I of the SIP. Our first real estate acquisition will be shortly announced which will enable the company to add hard tangible assets to its financial statements. We feel the mortgage company will provide a ready cash flow revenue stream and will finance the growth of the real asset acquisition strategy. Revenue generation and creation is the company's immediate goal. FAQs: 1. How does SSSU value the Reg. E Funds? a. The Reg. E. Funds can raise $5.0 million per year exempt and we will use the proceeds to support SSSU stock in the open market via a share buy back to address the imbalance of more than 100 million shares. 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 Copyright Business Wire 2006
Posts: 93 | From: Dallas | Registered: May 2006
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not the pr I was looking for I'll be back in when they have the money for the buy back
Posts: 514 | From: Claremore, Ok., USA | Registered: Apr 2004
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back in you should of never got out. wed. thur. and fri are gonna be simpleawesome stand on the sidelines and watch. they have the money for the buy back and it will come at the suprise of the mms HHAAAAAA HAAAAAA HAAAAA i cant wait
Posts: 2270 | From: andalusia, IL, USA | Registered: May 2004
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Silver Screens Studios: Acquires First Company for Spin-off and Distribution to Shareholders as Confirmed by NOBO List and Transfer Agent Wednesday October 25, 10:45 am ET Shareholders Integrity Plan Phase I to Certified Shareholders as Confirmed by NOBO List and Transfer Agent
Global 1 Private Equity Fund I, Inc. has acquired 100% of Global Franchising Corporation in exchange for cash and stock. The first acquisition using the Reg. E Fund valued at $1,000,000.00 forms the foundation of our Shareholders Integrity Plan.
Business Model for Acquisition:
The business plan for Global Franchising Corp. (GFC) will be to develop franchises/business opportunities for the purchase and sale of distressed real estate assets in the U.S. Each franchise/business opportunity will enable an investor to acquire assets at a wholesale price using our, contacts financing capability and public trading network.
Business Objective:
The business objectives are forward looking and contain forward looking statements and are pro forma as the results have not occurred. The business objectives are:
1. To have 200 franchises within 36 months in 25 states.
2. The monthly projected asset acquisition is 50-100 properties per month raging in total value from $5,000,000 to $10,000,000 per month.
3. A gross profit margin of 15% yielding the company $750,000-$1,500,000 per month in gross revenues.
4. Estimated Pro forma expense ratio of 33%.
5. Estimated Pro forma Net Revenue of $12,000,000.00 - $24,000,000.00 per year.
Company Capitalization of Global Franchising Corp.:
1. Global Franchising will be capitalized with 100,000,000 shares outstanding.
2. Earning Per Share (EPS) estimate of $0.12 - $0.24 per share.
3. Estimated Pro Forma Growth Rate: 10% annually.
4. Estimated Pro Forma Multiple: 10x.
5. Estimated Pro Forma Share Price: $1.20 - $2.40 per share.
SSSU Shareholder Benefits:
1. A dividend of 30% of Global Franchising to the verified shareholders of SSSU owning 175,000 shares or more of SSSU on a record date to be announced.
2. Each shareholder owning 175,000 shares of SSSU will receive as a distribution one (1) share of Global Franchising Corp. valued at $1.20 - $2.40 per share for each 10 shares owned of SSSU.
Global 1 Private Equity Fund I, Inc. Capitalization and Rights Offering:
1. Global 1 Private Equity Fund I, Inc. owns 70,000,000 shares of Global Franchising Corp.
2. Global 1 Private Equity Fund I, Inc. 70.0 million shares pro forma value ($1.08-$ 2.14 ex dividend of GFC) $75.6 - $149.8 million.
3. Global 1 Private Equity Fund I, Inc. 10.0 million share capitalization.
4. Global 1 Private Equity Fund I, Inc. book value of $7.56 - 14.98 per share.
5. SSSU will own 50% of Global 1 Private Equity Fund I, Inc., 35,000,000 shares.
Rights Offering Plan:
Shareholders of SSSU owning 200,000 shares or more can purchase via a Right Offering Plan shares of Global 1 Private Equity Fund I, Inc. at a discount of 20% maximum of 50,000 shares.
Failure to Deliver and Short Positions:
1. All failure to deliver and short positions are deemed short a distribution of Global Franchising Corp. shares on a 1:1 basis for each share short and failed to be delivered.
2. Upon the consolidation of Global 1 Private Equity Fund I, Inc. on SSSU's balance sheet, SSSU's book value will increase by an estimated $1.15 per share.
Summary:
What we have done is to create value for our shareholders through a non-dilutive method of share appreciation and provide a comprehensive strategy of growth through mergers and acquisitions.
We are developing the Entertainment Tax Credit Financing Structure and estimate early November as the delivery date.
Each Reg. E Fund will have a similar structure and SSSU's book value and equity price will reflect the consolidated assets.
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. The above analysis contains forward looking and pro forma statements and is considered estimates. The results contained in the statements have not occurred and there is no guarantee the results will occur. Factors affecting the results can cause the results to vary materially from the estimates and pro forma calculations. See our Form 10KSB for risk factors affecting our business.
Contact: Silver Screen Studios, Inc. Barry Thomas, 404-255-0400 sssu*mindspring.com
-------------------------------------------------------------------------------- Source: Silver Screen Studios, Inc.
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Press Release Source: Silver Screen Studios, Inc.
Silver Screen Studios: Purchase of SSSU Shares in the Market by Retail Investors Thursday October 26, 2:00 pm ET An Updated Transfer Agent's List and NOBO List Will Be Requested as of Oct. 27, 2006 to Reflect Recent Activity in Our Company
We have been contacted by many investors who wish to purchase our shares. TD Ameritrade will not allow the purchase of our shares, only the sale of SSSU shares. We believe this confirms our belief of massive short sales and failure to deliver in our company by TD Ameritrade.
NOBO Evaluation:
An updated NOBO list, DTC Report as well as an updated Transfer Agent's Registry will be compared next week for a computation of our share position and totals.
The NOBO list confirmed 770 accounts at TD Ameritrade, however we have been contacted by shareholders of more than 100 accounts who do not appear on the NOBO list totaling more than 5.5 million additional shares.
A new NOBO List will be ordered as of October 27, 2006 reflecting recent purchasers. Recent purchasers of our shares, after Oct. 11, 2006, can contact the company at investor_relations*mindspring.com with details of their purchase and they will be added to the registry.
However, all shares purchased through TD Ameritrade will be honored by SSSU for all future distributions, and we will have your name placed on the NOBO list for future distributions.
Purchase of SSSU Shares in the Market.
Account holders of TD Ameritrade wishing to purchase additional shares of SSSU in the market can do so through the following online brokers: Scott Trade, E-Trade, or Schwab, Mytrack, and Rush Trading. We are attempting to arrange a program for SSSU shareholders to purchase shares in the company at a discount commission and other shareholder benefits.
The company will honor all purchases through the online brokers for the future Record date as well as for all future distributions as well as placement on the NOBO list.
Restructuring of Capital Structure:
Our management feels there is a significant failure to deliver position in our stock and the new NOBO list will identify the extent of the position. To protect our shareholders we are developing the share exchange program with one of the Reg. E Funds that will place an estimated value of $.10 to $.25 on the shares of SSSU.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. The family of funds we are developing will assist SSSU in support of its restructuring and will immediately fund the real estate and entertainment business units. We have developed our business model to fund and develop new high growth companies.
Summary:
The steps we are taking to protect your investment in SSSU we feel will yield dividends to our 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.
Contact: Silver Screen Studios, Inc., Atlanta Barry Thomas, 404-255-0400 sssu*mindspring.com
-------------------------------------------------------------------------------- Source: Silver Screen Studios, Inc.
Posts: 93 | From: Dallas | Registered: May 2006
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I bought this AM with orders above the ask. It went from .042 to .05 before my order was filled. Average .045
Looking for the short squeeze. I believe it has indeed started. Once noticed it should take off.
Posts: 539 | From: BIG D | Registered: Apr 2005
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Silver Screen Studios: Prepares Report for NY Attorney General against TD Ameritrade, Citigroup Capital Markets and E-Trade and Retains Legal Counsel for Class Action Lawsuit A Silver Screen Studios Prepares to Declare Dividend and Board of Directors to Meet to Set Record Date PrintE-mailDisable live quotesRSSDigg itDel.icio.usLast Update: 3:37 PM ET Oct 27, 2006
ATLANTA, Oct 27, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (SSSU : silver screen studios inc com News , chart, profile, more Last: 0.05+0.01+28.77%
SSSU0.05, +0.01, +28.8%) , Traders Nation, www.tradersnation.com/sssu.shtml, Global 1 Realty Corporation, 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. Report for NY Attorney General: We have retained legal counsel to prepare a comprehensive report of the recent activity of TD Ameritrade, E-trade and Citigroup Capital Markets for the NY Attorney General's Elliott Spitzer's office. The NY Attorneys General Office forced the Wall Street investment banks to settle for collusion in the IPO market and is a champion of the investor. We feel the egregious conduct of TD Ameritrade, E-Trade and Citigroup Capital Markets (SBSH) needs to be investigated for market collusion and manipulation of the small investor and OTCBB companies. http://www.businessjive.com/nss/darkside.html. Dividend Declaration: Due to the conduct of TD Ameritrade and E-Trade preventing investors from purchasing our shares and receiving a dividend they will be forced to cover, we will hold a board of directors meeting to set the dividend date on this weekend and make an announce on next week. Market makers and brokers will have 10 days to balance their positions in preparation for the dividend. TD Ameritrade, E-Trade and Citigroup Capital Markets: TD Ameritrade according to the NOBO list has 770 accounts and E-trade has 448 accounts listed for trading as of October 11, 2006. After SSSU announced we were seeking the NOBO list to verify our "true" shareholder base and the awarding of a dividend to shareholders on the NOBO list, TD Ameritrade and E-trade have attempted to manipulate the trading in our shares, by conspiring with certain market makers, to prevent investors from purchasing our shares online preventing investors from participating in dividends any short position or failure to deliver position on their books they will be forced to cover. 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. Barry Thomas, 404-255-0400 sssu*mindspring.com Philippians 1:28 Copyright Business Wire 2006
Posts: 93 | From: Dallas | Registered: May 2006
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WOW! Maybe the pennies are bigger and badder than they are given credit for. In since .033 (too bad not for even close to the 175,000 shares for the divi).
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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I commend SSSU for having the cajones to put out such a PR. Will it really go anywhere? I would hope that it does for the few legit pinks and otcs out there.
The real question is, will this thing gap and/or on Monday? Or has it run out of steam altogether?
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Silver Screen Studios: Prepares to Launch Entertainment Tax Credit Partnership Monday October 30, 5:53 am ET SSSU to Fund a Slate of Films with Entertainment Tax Credits
ATLANTA--(BUSINESS WIRE)--Silver Screen Studios, Inc. (OTCBB: SSSU - News), Traders Nation, www.tradersnation.com/sssu.shtml, prepared to launch entertainment financing unit for the production of film projects.
ADVERTISEMENT Entertainment Tax Credits:
We are preparing to produce a slate of films using the entertainment tax credit structure we have previously announced. The tax credit financing structure makes use of the Internal Revenue Code sections 189 and 199 as well as the Georgia Film Tax Credit.
Structure of Partnership:
As previously stated, an investor can write off against their federal income taxes 100% of their investment in the partnership producing the project as a deduction against passive income.
Passive Income:
Passive income is income where the investor did not materially participate in the production of the income according to the IRS code. To provide investors with passive income we created the previously announced distressed real estate investment partnership as well as the real estate franchising company Global Franchising Corporation. Investment in real estate where the investor does not materially participate produces passive income that can be sheltered by the deductions created by the entertainment tax credit fund investment.
Financing of Projects:
SSSU's entertainment unit is preparing a slate of projects to be produced using the entertainment tax credit fund. Our goal is to raise $100,000,000.00 in financing for the fund creating, assuming a 40% tax bracket for the investor, $40,000,000.00 in tax credits at the federal level and an additional credit of 12%, i.e., $12,000,000.00 at the state level.
Reg. E Entertainment Focused Fund:
We are preparing a Reg. E Fund specifically for entertainment investments. The fund will seed several small ventures and provide the infrastructure for the larger tax credit. The fund will be launching as soon as a majority independent board of directors is selected and an independent audit is completed of the financial statements of the fund.
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. Barry Thomas, 404-255-0400 sssu*mindspring.com
Posts: 339 | From: Canada | Registered: Dec 2005
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Traders Nation: They're Hot, They're on the Move, and They're at TradersNation.com
Phoenix, Arizona, Oct 30, 2006 (M2 PRESSWIRE via COMTEX) -- Traders Nation Network and Traders Nation(tm), the largest syndicated "live" radio and itelevision talk show for smallcap stocks under the parent company of Desert Son Media Corp., is excited to present interviews with Phantom Entertainment Inc. (bb: PHEI), CyberKey Corporation (otc: CKYS), and Silver Screen Studios, Inc. (bb: SSSU).
Interviews: Barry Thomas, Consultant to Silver Screen Studios, Inc. (bb: SSSU) Silver Screen Studios Group, Inc. is a vertically integrated entertainment operation focusing on the development, financing, production and distribution of entertainment related products. SSSU operates as a studio for the production for independent feature films, television programming, and videos for worldwide distribution. Listen: http://www.tradersnation.com/sssu.shtml#anchor2 The Traders Nation Network: TradersNation.com hosts a network of nationally syndicated financial radio and itelevision talk shows through various forms of broadcasting methods. Daily, web site visitors, listeners, affiliates and financial content distribution companies are able to access the most up to date market news, alerts and overall market commentary.
The Show named "Traders Nation": Multiple segments make up the 'LIVE' hour-long program where listeners and viewers gather daily to hear the latest smallcap news of the day and scheduled guests, from industry experts and CEO's. Traders also share investing, trading strategies and potential hot stock plays swirl throughout the call-in portion of the show.
-- Traders Nation broadcasts on the New York ABC's Starguide Satellite System and is heard, on average, by 150,000 daily listeners.
-- Traders Nation can be heard on 1) KBNP 1410AM, "The Money Station", Portland, OR. 2) KSBN 1230AM, "Money Talk 1230", Spokane, WA. 3) KITZ 1400AM, "MegaTalk 1400", Port Orchard, WA. 4) KGTK 920AM, "MegaTalk 920", Olympia, WA. 5) WLLA 1680AM, Long Lake, MN 6) KBNN 750AM, Lebanon, MO
-- Traders Nation is currently syndicated online with 10 times more financial web sites that carry our network of shows than anyone else
Posts: 339 | From: Canada | Registered: Dec 2005
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Silver Screen Studios Shareholder Integrity Plan and Distribution Details FAQ
Update: 11:20 AM ET Oct 31, 2006
ATLANTA, Oct 31, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (SSSU : SSSU News , chart, profile, more Last:
Traders Nation, www.tradersnation.com/sssu.shtml, Global 1 Realty Corporation, 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. FAQs: Shareholders Integrity Plan Details: Our current plan is to have SSSU operate as a holding company and provide resources to several companies. A portion of each company we develop or acquire will be spun off as a dividend to our shareholders. We estimate over an 18 month period to develop via funding from the Reg. E Funds to spin off six (6) or more companies each trading under its own symbol in a price range of $0.05 -$0.10 per share. Restructuring of Capital Structure, Reg. E Funds and Acquisitions: Barry Thomas, the CEO of SSSU, states, "We are moving forward with our business model and have several acquisitions under review in the real estate, and financial services sector. We intend to fund our acquisitions with proceeds from the business development companies, Reg. E Funds. Our auditor is preparing the financial statements for the funds and our legal counsel is preparing the offering circular to begin the offering. Capital Infusion: We are negotiating a capital infusion in the range of $50,000 - $100,000 for inclusion on our balance sheet to funds our operations for the remainder of 2006 fiscal year. Dividend Declarations: Our management has approved a dividend to be awarded to all shareholders. The amount and terms of the dividend will be announced after we receive the updated NOBO list. Business Combinations: We are actively seeking business combinations in the areas of financial services, real estate and entertainment. The business combinations will be structured to spin-off 25% of the equity to our shareholders under Form S-4. Our goal is to complete four (4) business combinations and have each trade under its own symbol. Rumors: Per our legal counsel, we do not comment on rumors, internet chat or message boards postings. The company will disclose via media releases all relevant information concerning its operations. 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. Barry Thomas, 404-255-0400 sssu*mindspring.com Psalms 35:8 Copyright Business Wire 2006
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Silver Screen Studios to Request New CUSIP Number and Trading Symbol A SSSU will request a new trading symbol and a new CUSIP number as part of its restructuring and produce documentary film financed with film tax credits
Update: 10:14 AM ET Nov 1, 2006
ATLANTA, Nov 01, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (SSSU : silver screen studios inc com News , chart, profile, more Last: 0.04+0.00+7.84%
10:20am 11/01/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: SSSU0.04, +0.00, +7.8%) , Traders Nation, www.tradersnation.com/sssu.shtml, prepared to launch entertainment financing unit for the production of film projects. New CUSIP Number and Trading Symbol: As part of our restructuring and to protect our shareholders investment we will be requesting a new CUSIP number and a new trading symbol for Silver Screen Studios, Inc. The company will continue to trade under the symbol SSSU until officially changed. Documentary Film Financed via Tax Credits: Our first film project to be financed by our Tax Credit Fund will be a documentary tentative titled: Short Sellers, Market Makers and Brokers. The documentary will explore the shadowy world of the small cap company, hedge funds, market makers and online brokers. The project will be produced in a joint venture with Code Red Entertainment, LLC who will provide the initial funding for the project as well as production services. Entertainment Tax Credits: We are preparing to produce a slate of films using the entertainment tax credit structure we have previously announced. The tax credit financing structure makes use of the Internal Revenue Code sections 189 and 199 as well as the Georgia Film Tax Credit. Financing of Projects: Reg. E Entertainment Focused Fund: We are preparing a Reg. E Fund specifically for entertainment investments. The fund will seed several small ventures and provide the infrastructure for the larger tax credit. The fund will be launching as soon as a majority independent board of directors is selected and an independent audit is completed of the financial statements of the fund. 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. SOURCE: Silver Screen Studios, Inc. Silver Screen Studios, Inc. Barry Thomas, 404-255-0400 sssu*mindspring.com Copyright Business Wire 2006
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Silver Screen Studios Announces Dividend Details Business Wire - November 02, 2006 11:11
ATLANTA, Nov 02, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (OTCBB: SSSU), http://finance.yahoo.com/q?s=SSSU.OB, Traders Nation, www.tradersnation.com/sssu.shtml, Global 1 Realty Corporation, 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.
Dividend Declaration:
We are pleased to announce the dividend to our shareholders of record as of November 15, 2006. The dividend is valued as follows:
Shareholders of record as of November 15, 2006 shall receive a dividend, cash and stock valued at $0.75 per share of SSSU payable as follows:
1. The dividend shall pay in cash value derived from 15% of the net income generated from Global Franchising Corp. for a period of 24 months.
2. Each share of SSSU shall receive one (1) of non-CUSIP share of Global 1 Franchising Corp. which will not trade in the market and will require a paper certificate to receive the dividend.
3. The dividend will not be paid to nominees and each shareholder to receive the dividend must be a holder of a physical certificate.
Certificate Exchange Program:
Per our legal counsel and to ensure correctness in the distribution of our dividends to the rightful owners, we are instituting a certificate exchange program once the CUSIP number and new symbol is effective. Shareholders must contact their brokers and request a physical certificate to receive the new share certificates and the dividend.
Future Dividends:
We plan to award dividends in two other companies as soon as organized. Only certificate holders of the exchanged SSSU certificates will receive the dividends.
Summary:
The management is working to ensure our shareholders are protected from nefarious market participants, i.e., market makers, online brokers and hedge funds, and we are working diligently to increase the value of your shares.
Investors Relations:
We are preparing a detailed investors relations web site where the exact procedure will be posted by early next week.
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. Barry Thomas, 404-255-0400 sssu*mindspring.com
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I'll be back in when they have the money for the buy back
