Leonidas Films – LFMI announced that EDR Valuations, Inc., a premier Southern California valuation firm, has made a projection of future cash flows resulting from the release of the motion picture “Pleasure Drivers” and other projects Leonidas Films has in progress. The EDR analysis has valued Leonidas Films at approximately $3.4 million to $8.9 million based on various future cash flow projections and risk factors.
Timothy Cavanaugh, President and one of the founders of Leonidas Films, Inc., stated: “This is the first step in the building and branding of the Company into an entertainment powerhouse. Over the next year, the Company will aggressively ramp up its mandate to develop and deliver star-driven entertainment films and movies to audiences worldwide.”
Leonidas Films Inc. announced on June 12, 2006, the acquisition of the assets of Silverscreen Acquisitions, Inc., which becomes a wholly owned subsidiary of the Company.
Cavanaugh and Andrzej Sekula, who will manage Leonidas Films, Inc., bring over 30 years’ experience in producing films, commercials and television, as well as cinematography. Leonidas Films’ mission is to create and distribute commercially compelling, quality movies and entertainment for audiences throughout the world with “A” list industry standards.
Here’s the plot: “Pleasure Drivers” lays out three separate interconnected stories involving an adulterous therapist, a young sociopath call girl, a vicious lesbian hit woman, a white trash kidnapper, and a brain-damaged ex-cult guru. It’s described as funny, sexy, edgy and dangerous. The Pleasure Drivers energetically explores the shadow side of Los Angeles and how it gleefully relates to the gasoline of libido.
Sources:
Businesswire, Internet Movie Database, and Leonidas Films
Contact:
Leonidas Films, Inc.
Timothy Cavanaugh, 310-871-6935
Forward Looking Statement: The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by the Company) contains statements that are forward looking, such as statements relating to plans for future expansion and other business development activities, as well as other capital spending, financing sources and the effects of regulation (including gaming and tax regulation) and competition. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to development and construction activities, dependence on existing management, leverage and debt service (including sensitivity to fluctuations in the interest rates), and domestic or global economic conditions.
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