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International Entertainment News

Monday, May 11, 2009

C22 Capital Bridges the Gap for Movie Stars

C22 Capital Bridges the Gap for Movie Stars

BEVERLY HILLS, Calif., May 11 /PRNewswire/ -- C22 Capital announced today that they have expanded their bridge loan program for the entertainment industry, with plans to fund over $100 million in bridge loans during the next 18 months.

"We've created a unique niche in the entertainment industry with our short-term bridge loans. These programs are generating a lot of buzz with producers," states Anthony Millan, CEO of C22 Capital. "We're able to capitalize on the necessity of film producers having to pay huge salaries to top movie stars to enable them to fund their films."

C22 Capital bridges the gap between the studios, producers and the talent. The company makes this possible by utilizing their line of credit to back offers on behalf of the producers to secure the talent, thus enabling the producers to obtain studio or institutional production funding. Once the film is funded, C22 Capital is the first to be repaid, as these loans have a due date of 90 days from the issuance of the bridge loan.

"Our bridge loans are fully secured and collateralized. We also have a security interest in the project until the bridge loan has been paid in full," said Millan. "We're always the first to be paid, and we're not dependent on project completion or film profits, as they have no impact on our profitability."

The C22 Capital management team includes seasoned professionals experienced in film finance, development and distribution.

For more information, visit http://www.c22capital.com/.


Contact:

Anthony Millan
1-800-760-9471


This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.


Source: C22 Capital Inc.

CONTACT: Anthony Millan of C22 Capital Inc., +1-800-760-9471

Web Site: http://www.c22capital.com/


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