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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
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.:
Get Real USA, Inc. (GTRL.PK) is in the business of producing and distributing low-budget, high quality genre pictures using recognizable name talent. GTRL's business strategy is to work with highly skilled producers and directors who also offer fierce attention to risk assessment and cost management.
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.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
SOURCE Get Real USA, Inc.
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