Fearless Films, Inc. Selects First Film for Potential Purchase
Oct 31, 2019
TORONTO, Oct. 31, 2019 /PRNewswire/ -- Fearless Films, Inc. (OTCQB: FERL) (The Company) is pleased to announce that it has furthered discussions around its intent to acquire the rights to up to 12 movies from a library held by Victor Altomare, the President of Fearless Films Inc., the Company's operating subsidiary. The Company has selected The Lunatic as the first film to be selected for appraisal and final negotiation.
The Lunatic premiered at the Montreal Film festival, won the bronze award in Houston and won the Gold award at the Yorkton, Saskatchewan festival. The movie starred Victor Altomare, Lazar, Jennifer Dale, and boxing great George Chuvalo. It was produced by Victor Altomare and directed by Robert Longo.
Fearless will engage an international accounting and advisory firm with a strong film industry practice to provide an independent valuation of the film, following which the company will enter into final negotiations on the purchase.
About Fearless Films, Inc.
Fearless Films, Inc. is an independent full-service production company founded by award-winning actor, producer Victor Altomare. Along with company favorite; award-winning writer, director Goran Kalezic, Fearless produces top quality entertainment with an edge. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution.
Since its inception, Fearless Films has been on the map as a top independent producer winning accolades at most major film festivals and is known to have a keen eye for emerging talent.
Visit us at: www.fearlessent.com
The Company trades on the OTCQB tier of the OTC market. Investors can find Real-time quotes and market Information for the Company on: http://www.otcmarkets.com/
Forward Looking Statements
Certain statements contained in the press release above are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. The Company cannot guarantee its future results, levels of activity, performance or achievements. The Company disclaims any obligation or intention to update any forward-looking statement.
Contacts: Fearless Films, Inc.
Dennis dos Santos, President & CEO - 416 665-7297
Fearless Films Inc. Enters into Agreement to Acquire Film Library from Founder
October 16, 2019
TORONTO, ON / ACCESSWIRE / October 16, 2019 / Fearless Films Inc., ("Fearless Canada", a wholly-owned subsidiary of Fearless Films, Inc., "Fearless", or the "Company") (OTCQB:FERL) is pleased to report that it has entered into a Letter of Intent with Victor Altomare, the Founder and President of Fearless Canada, to acquire acquire the rights to up to twelve movies from a library held by Victor Altomare, the President of Fearless Canada, the Company's operating subsidiary. Among the films being considered for acquisition are The Lunatic, Bag the Wolf, and The Great Chameleon.
Under the terms of the LOI, the acquisition price and consideration for each film will be negotiated separately and payable in cash and shares of the Company, subject to negotiation of the Definitive Agreements and the obtention of mutually satisfactory independent appraisals of the value of each film.
The LOI is non-binding and is expected to be superseded by a Definitive Agreement to be agreed to and signed between the parties. The Transaction is subject to standard closing conditions.
Further details about this transaction and the combined entity will be provided in a comprehensive press release when the parties complete the Definitive Agreement.
About Fearless Films, Inc.
Fearless Films, Inc. (a Nevada Corporation) is the parent company of its wholly-owned subsidiary Fearless Films Inc. (Canada). Fearless Canada is an independent full-service production company founded by award-winning actor, producer Victor Altomare along with award-winning writer and director Goran Kalezic, Fearless Canada produces top quality entertainment with an edge.
Cautionary Statements Regarding the Transaction
This press release contains forward-looking information based on current expectations. The closing of the Transaction, the expected terms of the Transaction, the cash disbursement and the number of securities of the Company that may be issued in connection with the Transaction and the parties' ability to satisfy the closing conditions and receive all necessary approvals are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction does occur, it will be completed on the terms described above. The terms described above are not binding unless and until the Definitive Agreement is signed.
Cautionary Statements Regarding Forward-Looking Information
Certain statements within this press release relating to the Company constitute "forward-looking statements", within the meaning of applicable securities laws, including without limitation, statements regarding future estimates, business plans and / or objectives, sales programs, forecasts and projections, assumptions, expectations, and/or beliefs of future performance, are "forward-looking statements". Such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements. Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including production and / or sales of films, the number of films to be produced, anticipated revenues in connection with such sales, the overall projected size of the market, completion of film productions, and other information that is based on forecasts of future results, estimates of production not yet determinable, and other key management assumptions. Actual results may differ materially from those expressed or implied by such forward-looking statements and involve risk and uncertainties relating to the Company's historical experience with film production, actual operating performance of film production, and other uninsured risks. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
For further information please contact:
Dennis dos Santos
Chief Executive Officer
Fearless Films, Inc.
Tel: (416) 665-7297
SOURCE: Fearless Films Inc.
Fearless Films, Inc. Announces $5 Million Financing Facility
•December 9, 2019
TORONTO, ON / ACCESSWIRE / December 9, 2019 / Fearless Films, Inc. (FERL) (The Company) announces that it has entered in a $5 million equity financing facility with Crown Bridge Partners, LLC. The funds will be used to develop the company's film assets by providing capital to complete film projects and to enable the company to participate as a partner with other production firms.
Fearless Films, Inc. announces acquisition of The Great Chameleon
•January 6, 2020
Fearless Films, Inc. (OTCQB: FERL) (The Company) announces that it has agreed to terms with company founder Victor Altomare to acquire full interest in the The Great Chameleon film.
Fearless Films Completes Prospectus Registration for $5 Million Equity Facility from Crown Bridge Partners
ACCESSWIRE•February 18, 2020
TORONTO, ON / ACCESSWIRE / February 18, 2020 / Fearless Films, Inc. ("Company") (FERL) is pleased to announce that it has completed the S-1 registration process for its $5 million equity financing facility with Crown Bridge Partners, LLC. The final Prospectus was filed February 12, 2020 following receipt from the SEC that the S-1 was effective as of 4pm February 11, 2020. This completes the registration process requirement of the facility announced December 19, 2019 and makes available up to $5 million of equity financing to the Company.
Funds from the facility will be used to develop the company's balance sheet by providing capital to complete the acquisition of a film library, enable the Company to participate as a partner with other film producers, and complete its own film projects. The facility may also be used to repay debt and to provide capital for general corporate purposes.
"The growth of streaming media has created rising demand for quality entertainment properties" stated Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. "We have a number of projects that are promising and designed to meet the needs of film distribution platforms; this funding will enhance our ability to realize on them. We appreciate Crown Bridge Partners, LLC's belief in our vision for the company" he added.
Seth Ahdoot, member of Crown Bridge Partners, LLC, stated "Fearless Films, Inc. is unique and attractive to us on several levels, including but not limited to our criteria for quality of management and growth potential. Crown Bridge Partners is looking forward to playing a supportive role in the company's future growth."
About Fearless Films, Inc.
Fearless Films, Inc. is an independent full-service production Company founded by award-winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution.
The Company trades on the OTCQB tier of the OTC market. Investors can find stock price quotes and market Information for the Company on: http://www.otcmarkets.com/
Visit us at: www.fearlessent.com
About Crown Bridge Partners,LLC
Crown Bridge Partners, LLC ("Crown Bridge Partners") is a New York-based family held company. Crown Bridge Partners provides sensible, responsive, and strategic capital solutions to publicly traded companies in the micro to mid-cap brackets. The portfolio of Crown Bridge Partners is industry agnostic, including but not limited to mining, oil and gas, agriculture, pharmaceutical, energy, and technology.
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of film development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to audience acceptance of our entertainment products, our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of our business development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
SOURCE: Fearless Films, Inc