Writers’ Group Film Corp. Finalizes a $10 Million Equity Funding Agreement
LANCASTER, Calif.-(Business Wire)-September 23, 2009 - Writers’ Group Film Corp. (OTC BB:WRIT) is pleased to announce that it has executed a definitive agreement for equity financing of up to $10 million from Boston-based Auctus Private Equity Fund, LLC. The company will draw on the funding as required to fulfill the financial requirements for its film, television and internet entertainment projects.
Writers’ Group is required to file an S-1 Registration Statement for the securities and will file with the Securities and Exchange Commission in the coming weeks.
“With this commitment we hope to address the funding needs of our various upcoming entertainment projects to ensure the future growth of the Company,” stated Tal L. Kapelner, Writers’ Group’s President and Chairman. “We looked at many funding opportunities for our projects in order to find the best fit and I believe we found that right fit with Auctus Private Equity.”
About Auctus Private Equity Fund, LLC
Auctus Private Equity Fund LLC., is a Boston based private equity firm that specializes in providing funding to small, medium and large publicly traded companies in all industries.
About Writers’ Group
Writers’ Group is a start-up entertainment production company with several properties it is currently trying to market, including its completed short film “The G! True Tinseltown Tale: Dude, Where’s My Car?” and its new television pilot “Flagged”. The company currently owns three feature film screenplays it intends to produce, and is looking to purchase or create more as it grows into a viable film, television and internet entertainment production company.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding the company’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements and as such, speak only as of the date made. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company’s latest S-1 filed July 15, 2009.
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