LOS ANGELES, Feb. 15, 2012 (GLOBE NEWSWIRE) -- Empire Post Media, Inc. (OTCBB:EMPM) announced today that its existing third party financing of $1,500,000, originally put in place for the production of the television series "Journey Beyond," will be tapped to provide financial support for other projects being developed by the company.
"This production finance facility will greatly accelerate our production activities, especially in the area of television programming," stated Peter Dunn, Empire's CEO. "This resource is critically important as the company moves forward with development of 'On The QT' and '3D World, with the intention of producing and owning the shows to maximize the return to Empire.
"This financing is consistent with the company's policy of using third party funding sources on a profit sharing basis for all productions. This policy insures that production financing will not dilute the current shareholder base," Dunn added. "These two productions conform with our financial model and could add up to $9,000,000 a year to gross revenues should each reach its full potential."
Further information about Empire can be found at www.empirepostmedia.com.
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