PEAK Entertainment Group, Ltd., Inc. Secures Bridge Financing; Raises Additional Capital Through Conversion of Initial Debt.DENVER -- PEAK Entertainment Group Ltd., Inc. (Pink Sheets: PEKG), a talent incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the and entertainment property development company, is pleased to announce that it has successfully closed on bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. , in addition to the conversion of initial investor debt, in the total amount of $200,000. "We are very pleased with the ongoing efforts of our investment banking advisors," said Sandy Krolick, PEAK 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. . "The bridge funding, together with the conversion of initial debt to restricted securities under rule 144, will satisfy our short-term capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. in executing our domestic wholesale/retail distribution deal for all of PEAK'S entertainment properties. The ongoing commitment of our investors is evident, and reinforces our strategy in providing an alternative approach to developing and delivering quality entertainment products to market." While the Company is finalizing its domestic distribution agreement and its product release schedule for announcement later next month, its emerging musical 'phenom' from Boston, Violet violet, common name for some members of the Violaceae, a family of chiefly perennial herbs (and sometimes shrubs, small trees, or climbers) found on all continents. Nine, is preparing for a January recording session in Nashville with PEAK consultant, Matchbox Twenty mixing engineer, Greg Archilla, in preparation for V9's first full studio release nationally next year. About PEAK Entertainment Group Ltd., Inc. PEAK Entertainment Group is an entertainment property development company. A reliable industry partner, PEAK screens talent and cost effectively provides artist and entertainment asset development services. PEAK is uniquely positioned for revenue growth through three primary channels: (1) equity positions in entertainment properties that are financed or developed; (2) consulting and partnership fees/royalties on secured deals; (3) revenues from diverse media distribution deals and other cross-promotional business models. For additional information, please feel free to visit our web site at www.peakartists.com. 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. Statement All statements other than statements of historical fact included in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the private securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated. |
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