From the Wires
Get Real USA to Leverage Proven Expertise with Initial Focus of Film Finance Subsidiary by Securing Louisiana and Georgia Film Tax Credits for Qualifying Projects
Get Real USA will exclusively focus its initial efforts for its Film Finance Subsidiary on securing financing using Louisiana and Georgia Film Tax Credits; for clarity sakes, we are focused specifically on these two geographic locations. This approach wil
By: PR Newswire
Nov. 9, 2012 04:00 PM
BEVERLY HILLS, Calif., Nov. 9, 2012 /PRNewswire/ -- Get Real USA, Inc. (PINKSHEETS: GTRL) has received a flood of responses related to film financing after one of our most recent press releases. GTRL management plans to review all applications for projects that satisfy their Film Tax Credit requirements.
"We are pleased that so many potential candidates for Film Tax Credits have contacted the company to inquire about obtaining financing, completion bonds and interest in utilizing Louisiana Media Production (LAMP) facilities," said Mr. Gregory Walker, President of Get Real USA Film Finance.
In an October 26, 2012 news release Get Real USA announced they are working with Mr. Gregory Walker to develop a Film Tax Credit Fund. To clarify: at this time, the GTRL Film Finance Fund will only focus on Louisiana Film Tax Credits. In the future, the Company anticipates expanding the program to other States that offer tax incentives for film production.
"It made sense for Get Real USA to first leverage our experience with tax credits in Louisiana," stated Mr. Walker. "We already have considerable experience there which enables faster ramp up of operations with little or no learning curve of additional local requirements."
The financing capabilities of the tax credits, in conjunction with Get Real's film production agreement with Louisiana Media Productions allow film producers the opportunity to utilize the state of the art facilities in Louisiana.
"Get Real management is currently working to: secure primary financing or facilitate third-party financing and provide other consulting with potential candidates. This means, if Get Real USA is not able to directly provide tax credit funding, we will use our experience and strategic industry relationships to help identify appropriate external project financing."
"We're committed to doing whatever it takes to make our Film Finance Subsidiary successful," added Mr. Walker.
About Get Real USA, Inc.:
The Company's goal is to create a strong production and distribution pipeline while taking advantage of new technologies, production efficiencies and value-added enhancements such as innovative and edgy marketing strategies.
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SOURCE Get Real USA, Inc.
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