ATLANTA -- (Business Wire) -- June 16, 2006
Silver Screen Studios, Inc. (OTCBB: SSSU)
www.silverscreenstudiogroup.com, is pleased to announce that the
acquisition of a publicly traded shell company has been completed.
Silver Screen Studio's Financial Services Strategic Business Unit
(SBU) is now working diligently to ready this vehicle for trading on
the Pink Sheets.
SSSU's Real Estate SBU will be merged into the new vehicle. This
is expected to be completed within the next few weeks. Shares of the
new Real Estate Company will be distributed to SSSU shareholders as a
dividend with a record date in the near future. Additionally, warrants
in the new Company will be available for purchase by SSSU
shareholders.
Silver Screen Studios is also in process of acquiring additional
trading vehicles to merge our Entertainment SBU and as well as our
Financial Services SBU into.
Our financial business plan is to capitalize SSSU and each of the
SBUs with the capital to compete in the real estate markets and
entertainment market initially. We plan to grow by acquisitions and we
intend to use the shares of the SBUs to acquire companies that will
assist our growth.
We have completed the necessary documents to register shares in
our SBUs to raise capital via the Reg. D-Rule 504 offering. Our goal
is to raise up to $1.0 million for each SBU; apply for a pink sheet
trading symbol for each SBU; commence operations on the business plan;
and apply for trading on the NASDAQ Small Cap Market.
Frequently Asked Questions:
1. Will the shareholders of SSSU receive shares of each SBU once
registered?
Yes, the shareholders of SSSU will receive shares of each SBU
based on the number of shares owned of SSSU as a dividend.
2. Does SSSU plan to build its own production studio?
Yes, we have plans to develop, using our real estate SBU, a $1.5
million state of the art production facility to house our
entertainment division. A portion of the proceeds raised in the Rule
504 offering will be used to begin development on the facility.
3. What are the long term plans for SSSU and its SBUs?
The long term plans for SSSU are to raise an investment fund of
$250 million using the GA Film Tax Credits and the Federal Tax Credits
via structured financial instruments to produce and distribute films,
books, and TV shows and acquire real estate assets for development.
Disclaimer: The below disclaimer is incorporated by reference as
if fully set forth herein this as well as all media releases on SSS
behalf www.murderbydeception.com. The statements contained in this
released are forward looking and may or may not occur due to forces
beyond the company's control.
Contacts:
Silver Screen Studios, Inc.
Donald Evans, 404-255-0400
sssu@mindspring.com.
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