Cinemax Pictures and Production Co., Intl., Inc. (CPPC) Announced Today the Signing of a Financial Development Deal With The Abl
15 Octubre 2007 - 8:15AM
PR Newswire (US)
TORONTO, Oct. 15 /PRNewswire-FirstCall/ -- Constantine A.
Papadopoulos, CEO and Anthony Gouveia, CFO of Cinemax Pictures and
Production Company Intl., Inc. (Pink Sheets: CPPC) announced today
the signing of a financial development deal with The Able Group, a
Corporate Finance Firm based in New York City in conjunction with
Wideye Films. According to Mr. Gouveia, "We are excited that Neil
Kiperman, Managing Director of The Able Group has agreed to work
with us on our short and long term funding needs. The Able Group
has relationships with dozens of the largest hedge funds worldwide
and through our agreement with them we have started the process of
generating the financial base and the financial structure we will
need to take Cinemax Pictures to the next level. They will be
responsible for working with us on the required funding to produce
our movie and TV projects that are currently in development or
pre-production stages, gap funding and the acquisition of film
libraries and other assets. We are also in preliminary discussions
regarding the acquisition of one prestigious film library and are
looking at various others they have presented to us that are
currently on the market." More on The Able Group: The Able Group
specializes in Equity, Convertible Debt and Mezzanine Financing.
Their primary focus is catering to the financial needs of companies
in the small and micro cap sectors. With access to over $1 Billion
in capital, they provide financing for growth, development and
acquisition plans of the companies they become involved with. In
the last four years the partners at The Able Group have been
involved with over 90 transactions. The Able Group has demonstrated
expertise in designing innovative financial solutions for the many
companies they work with. They are responsive, professional and
efficient in managing the process from the first step through
Investment Committee, Closing and Funding phases. The Able Group
offers a wide range of resources and value added services to assist
the growth of the companies they become involved with. They
accomplish this by providing access to flexible financial
solutions, cost-effective funding and rapid deployment of capital.
More on Neil Kiperman, Managing Director Mr. Kiperman is Managing
Director for The Able Group, assisting both private and public
companies in finding funding sources that meet their financial
needs. From 1989-1998, Mr. Kiperman operated a New York based
investment banking firm. Under his stewardship the company grew
from 1 office to 7, with locations throughout the eastern United
States. Since 2000 Neil, has been the chief consultant for
Comprehensive Computer Resources Inc. (CCR). Neil has been
responsible for building the company's Health care division as well
as building a very profitable government sector. Neil is also the
majority owner of Intercontinental Commerce Group Inc. Neil has
created an extensive support network for ICG, to facilitate
introductions to high level government officials of countries
around the world and establish operations in these countries, as
such with http://www.edumasters.net/. More on Russell Terlecki and
Wideye Films Wideye Creative and Wideye Films: A worldwide
production company devoted to coordinating, creating and producing
all facets of the entertainment industry (i.e.: Feature film, Music
Videos, TV Commercials). Our past projects can be found on our
website: http://www.wideyecreative.com/ RUSSELL TERLECKI
(PRODUCER): Russell is the president of Wideye Films. His recent
producing credits include the feature films "The Killer Movie"
(Starring Kaley Cuoco and Jason London) "The Alphabet Killer" (from
the director of WRONG TURN), "The Attic" (from the director of PET
SEMATARY) and the feature documentary "Third Wave" (Presented by
Morgan Spurlock). Russell's proven track record as an Investment
Banker on Wall Street translated impressively to the entertainment
industry with over sixty commercial, television and film credits
added to his resume in the past five years. FORWARD LOOKING
STATEMENTS This press release contains statements that are made
pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Act of 1995. Certain statements in this press release
may contain words such as "anticipates", "believes", "could",
"estimates", "expects", "intends", "may", "projects", "targets" and
other similar language that are considered forward-looking
statements. These forward-looking statements are subject to certain
risks and uncertainties and persons reading this press release are
cautioned that such statements are only predictions, and that the
Company's actual future results or performance may be materially
different. The Company disclaims any intention or obligation to
update or revise forward-looking information, whether as a result
of new information, future events, or otherwise. For more
information, please contact: DATASOURCE: Cinemax Pictures and
Production Company Intl., Inc. CONTACT: Constantine A.
Papadopoulos, CEO of Cinemax Pictures and Production Company Intl.,
Inc., +1-905-783-8883, or contact, Web site:
http://www.cinemaxpictures.com/ http://www.edumasters.net/
http://www.wideyecreative.com/
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