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Dave Kelly Entertainment Signs Deal to Exclusively Rep Cinema Finance Group's $250,000,000 Investment Fund.


BEVERLY HILLS, Calif. -- Dave Kelly Entertainment company has been retained as the exclusive financial advisors to the Cinema Finance Group, a private international fund representing investors from London, Zurich, Monaco and Dubai, and its newly created Entertainment Investment Fund, capped at $250,000,000, according to DKE DKE Delta Kappa Epsilon
DKE Deutsche Kommission Elektrotechnik Elektronik Informationstechnik
DKE Deutsche Elektrotechnische Kommission (German Electrotechnology Commission)
DKE Drift Kinetic Equation
DKE Digital Knowledge Environment
 Chairman Kelly.

Under terms of the agreement, Dave Kelly Entertainment will be responsible for advising and overseeing all financial matters on behalf of Cinema Finance Group's Entertainment Fund as well as its various investments in the entertainment industry worldwide.

"Our 5-year plan is to assist our private investors and hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long"  clients interested in becoming financial partners with Hollywood's creative, producing and business communities in the advanced development, production, marketing and co-financing feature films in the $10-50 million range over the next eighteen months," said Kelly. "We also have a flexible additional budget for television, 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.
, music publishing and recordings.

"CFG's Entertainment Investment Fund of $250 million has been expressly created to take advantage of the unique ability, capacity and remarkable success of America's entertainment industry in creating and producing motion pictures, television and recordings for the global marketplace. We are confident that our participation with Hollywood will prove to be of significant mutual benefit," concluded Kelly.

Cinema Finance Group currently manages funds for a diverse group of investors that include Hedge Funds, Banks and Private Equity investors from around the world.

Dave Kelly Entertainment has been actively involved in the evaluation, financing and marketing of domestic and international film, music, and television productions as well as executive producing for the BBC BBC
 in full British Broadcasting Corp.

Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927.
, ABC ABC
 in full American Broadcasting Co.

Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928.
, MTV MTV
 in full Music Television

U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business.
 and NIPPON TV in Japan.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 31, 2006
Words:266
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