Big Screen Entertainment Group Looks to Take 'Babysitter' to the Theatres with $20 Million P&A Fund.HOLLYWOOD -- Big Screen Entertainment Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BSEG BSEG Big Screen Entertainment Group BSEG Bit Segment (assembly language directive) BSEG Big Stuff-Eating Grin (polite form) ), in response to strong industry interest for its new horror/thriller, "Babysitter babysitter A person, often an intelligent family member, who stays by the bedside of a Pt requiring mechanical ventilation, and guards for equipment malfunctions or other problems Wanted," is in talks to secure a P&A (Prints and Advertising) fund with a private equity group for $20,000,000. This fund will be used to roll out "Babysitter" nationally in approximately 1,800 theaters across the country. "We already have a major studio pick-up for our DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , home video and television releases on Babysitter," said BSEG CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Kimberley Kates. "As more industry veterans screen the movie, the advice has been to release the film theatrically, which will in turn fuel greater DVD sales and rentals," Kates continued. "We are fortunate to have private equity investors who believe in the film enough to warrant this large of a P&A fund." BSEG is in talks with several companies to assist in the potential theatrical release, groups that specialize in helping independent producers distribute their films theatrically. Freestyle Releasing is one such company, Arenas Group is another; Freestyle is responsible for such successful releases as "An American Haunting," "The Illusionist" and the upcoming thriller "Captivity." "The Illusionist" has grossed over $41,000,000 worldwide. Arenas produced the John Leguizamo John Leguizamo (born July 22, 1964) is an Emmy Award-winning and Golden Globe-nominated Colombian comedian, actor and producer. Biography Early life Leguizamo was born in Bogotá, Colombia. starrer "Empire." The project grossed over $40,000,000 to date. In other news, BSEG will be posting audited financials in two to three weeks on its website. About BSEG: Big Screen Entertainment Group (BSEG) is a full service entertainment company designed to develop, produce, purchase, exhibit and distribute products in all media formats, including motion pictures, television, music, publishing, video games and cell phone content. BSEG has completed three films, and has three films in post-production and seven films in development. Visit our website at http://www.bigscreenent.com for more information on these movies. Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward looking statements. |
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