Empire Post Media, Inc. (EMPM.PK) announces that it has secured funding to begin a concerted effort to create and develop new 3D TV projects that will complement the company's first television series, "Journey Beyond".
According to Empire CEO Peter Dunn, this funding will allow the company to develop up to 10 new projects, which, if successful, will add to the company's revenue stream and bottom line. "The Company's strategy is to select content opportunities that are positioned to take advantage of the increasing number of platforms for 3D content, including international television, Internet delivery, mobile applications and other digital distribution formats," Dunn stated. "As international broadcasters accelerate launches of 3D channels, the demand for immediately-deliverable content will increase and we hope to be ready to take advantage of the opportunity."
This funding, like the previously announced non-dilutive $1,500,000 third party production finance facility for "Journey Beyond", in which a portion of the profits go to financiers, is also to be non-dilutive, third party financing. Both of these financing programs meet the company's business plan objective which is to cover development and/or production of new projects with third- party financing that does not result in immediate equity dilution, Dunn added.
Further information about Empire Post Media can be obtained from the company's web site, www.empirepostmedia.com .
