Toronto Pictures is steps from becoming one of the top film companies in North America, financially and artistically self-sufficient. The Company will no longer depend on investors to finance its films and on Studios to distribute them.
Toronto, Canada (PRWEB) September 25, 2009
Following the success at the Montreal World Film Festival and a few months prior to bringing the Company on the London Stock Exchange, Toronto Pictures' (OTC: TTOPF) Bruno Pischiutta and Daria Trifu, issue a Private Placement of USD 7.6 million for accredited investors only.
Film Maestro Bruno Pischiutta, founder, President & C.E.O. of Toronto Pictures, brings the company to new heights as he proves his business vision right: "Toronto Pictures is steps from becoming one of the top film companies in North America, financially and artistically self-sufficient. The Company will no longer depend on investors to finance its films and on Studios to distribute them."
Toronto Pictures' latest feature film will be released in 200 theaters across the USA in 2010.
Pischiutta reiterates that "the film production is based on quality, not quantity. Our company was created on a particular vision, a vision of the future. I founded Toronto Pictures in 1996 to produce top standard, cost-efficient, nonviolent and socially conscious films. Back then, our niche was not 'in fashion', but I pushed forward and envisioned today's reality."
Actress/Producer Daria Trifu, one of the youngest and most powerful film executives in the world, Vice President of Toronto Pictures, believes that the Company is on the right track to achieve great international success and, on the corporate side, financial success for its shareholders and film investors.
She says that "to be a publicly traded company in the USA is a great achievement. Toronto Pictures has reached this status, by directly applying through the NASD and regulators. This was done, but with much higher goals in mind for the company. Trading on the OTC is just a strategic step for Toronto Pictures and nothing else. Our attention is targeted into bringing Toronto Pictures on the London Stock Exchange in the next few months. A multi million dollar IPO will be issued at that point."
To fulfill its corporate strategy, Toronto Pictures has issued an exceptional Private Placement for accredited investors - the units will be sold on a "first-come, first-serve basis". The proceeds from this Private Placement will aid the company in fulfilling its actual financial plan.
The Board of Directors of Toronto Pictures has resolved to issue a Private Placement of USD 7.6 million for Accredited Investors only. This Private Placement is subscribed in Common Shares (voting) of Toronto Pictures.
This Private Placement is for 200,000,000 Common Shares at a price of USD 0.038 per share, for a gross proceed of USD 7,600,000. Each Unit consists of 200,000 Common Shares at USD 7,600 each.
When Toronto Pictures began trading on the OTC, its shares were trading at USD 1.80. Today, the shares are trading at a much undervalued price due to the company's lack of interest in taking part in the marketing of its stock on the OTC.
Based on the existing assets, the secret proprietary formulas, the distinctive past, the positive present and the brilliant immediate future, Toronto Pictures' Management evaluates current assets at USD 90 million. Public Market Value: USD 800 million.
Toronto Pictures will invest a total of USD 39 million in film production over the next three years.
The action and market of the Company from an operational and film production standpoint are, geographically speaking, spread worldwide. In North America, the principal bases are in New York, Los Angeles and Toronto, the Company's home-base.
Internationally, the principal bases are Hong Kong, Bucharest, London, Accra and Abu Dhabi.
Toronto Pictures' financial growth will reflect the artistic and intellectual value of its products, the advantages resulting from the formulas of casting and marketing and from the high income deriving from the use of cutting edge distribution venues. The huge profit will be reflected immediately in the increased value of the stock market shares price, so the company will be able to issue great dividends to the shareholders.
For additional information, visit:
Toronto Pictures Site: http://torontopictures.ning.com
Toronto Pictures Blog: http://puncturedhope.blobspot.com
Bruno Pischiutta Article:
This press release may contain forward-looking statements. The words 'estimate', 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
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