Rangemore Retains Hub Consulting to Assist Building Film Investment Portfolio
2013年10月15日 - 11:00PM
OTC Markets
Rangemore Retains Hub Consulting to Assist Building Film Investment
Portfolio
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Rangemore Retains Hub Consulting to Assist Building Film Investment
Portfolio
PR Newswire
MIAMI BEACH, FL, Oct. 15, 2013
MIAMI BEACH, FL, Oct. 15, 2013 /PRNewswire/ - Rangemore Film
Productions Corp. ("Rangemore") (OTCPINK:RANF) announces that
it has retained Hub Consulting Services ("Hub") to
coordinate the building of Rangemore's film investment portfolio.?
Hub
(www.hubcs.com) will be responsible for sourcing and vetting
potential film projects
for Rangemore as well as advising on production and
distribution.
Under the terms of the Consulting Agreement (the "Agreement") Hub
will
be paid a monthly retainer of $2,500.00 and a finder's fee equivalent
to 20% of the gross investment made in any film project that Hub
is
responsible for introducing to Rangemore.? The finder's fee will
be
payable 10% in cash and 10% in stock.? The term of the Agreement is
for
a twelve month period.
Hub Consulting is a Vancouver
based consulting firm headed by Mr. Tom
Locke.? Mr. Locke is a founding member of MPPIA, the
Motion Picture Production Industry Association
of BC (www.mppia.com) and is currently the Vice
President, Industry Relations for the International Quorum of
Motion Picture Producers (www.iqfilm.org).? Mr. Locke played an
integral role in the founding of Rainmaker Digital
Pictures?Corporation ("Rainmaker") and was President and CEO of
Gastown Post & Transfer, Western Canada's largest independent
post-production facility which
evolved into Rainmaker.? Mr. Locke also created and instructed a
course
on?professional skill development for the University of British
Columbia's award-winning 'Entertainment
Administration' certificate program.
"We are very excited to be working with Hub" stated Richard Smith,
Secretary and Treasurer of Rangemore. "To bring in a partner with
Mr.
Locke credentials is a major step forward for our company.? We will
be
looking to Mr. Locke to exercise his knowledge and influence in
the
film industry to bring us quality film projects.? With Hub on board
we
will easily exceed our six month goal of having four film
royalty
agreements in place. Hub has already introduced three new
film/TV
projects for us to consider and there are more on the way."
continued
Mr. Smith.
About Rangemore Film Productions Corp.
Rangemore Film Productions Corp. is a publicly traded company who
is in
the business of operating film studios and co-producing
independent
film productions.
Rangemore is currently in the process of identifying and
acquiring
studio suitable properties in four key markets: Asia; South
Africa;
Europe and North America.? Potential acquisition sites
will have to
meet certain criteria including: a low cost per square foot;
easy
conversion into usable studio space; established local
infrastructure;
establish local film industry; limited or non-existent
competition;
available government tax incentives and mortgage financeable.?
The
identified acquisitions will be either purchased outright
utilizing
debt funding and tax credit incentive programs or leased on a long
term
basis.
Along with the studio operations, Rangemore will be actively
investing
in and co-producing independent film productions.? Currently
Rangemore
has a revenue sharing agreement with an independently produced
feature
film and a second agreement with a ten episode cartoon
series.
Rangemore Film Productions Corp. is a Development Stage Company,
as
defined by Financial Accounting Standards Board ("FASB")
Accounting
Standards Codification ("ASC") 915, Development Stage Entities, and
has
not yet generated significant revenues from their intended
business
activities.
Forward Looking Statements
Except for the historical information contained herein, the
matters
discussed in this press release are forward-looking statements.
Actual
results may differ materially from those described in
forward-looking
statements and are subject to risks and uncertainties. See
Rangemore
Film Productions Inc.'s filings with OTCMarkets which may
identify
specific factors that may cause actual results or events to
differ
materially from those described in the forward-looking
statements.
SOURCE Rangemore Film Productions Corp.
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