Silver Screen Studios: Prepares to Launch Entertainment Tax Credit Partnership

ATLANTA--(BUSINESS WIRE)--Silver Screen Studios, Inc. (OTCBB: SSSU), Traders Nation, www.tradersnation.com/sssu.shtml, prepared to launch entertainment financing unit for the production of film projects.

Entertainment Tax Credits:

We are preparing to produce a slate of films using the entertainment tax credit structure we have previously announced. The tax credit financing structure makes use of the Internal Revenue Code sections 189 and 199 as well as the Georgia Film Tax Credit.

Structure of Partnership:

As previously stated, an investor can write off against their federal income taxes 100% of their investment in the partnership producing the project as a deduction against passive income.

Passive Income:

Passive income is income where the investor did not materially participate in the production of the income according to the IRS code. To provide investors with passive income we created the previously announced distressed real estate investment partnership as well as the real estate franchising company Global Franchising Corporation. Investment in real estate where the investor does not materially participate produces passive income that can be sheltered by the deductions created by the entertainment tax credit fund investment.

Financing of Projects:

SSSU’s entertainment unit is preparing a slate of projects to be produced using the entertainment tax credit fund. Our goal is to raise $100,000,000.00 in financing for the fund creating, assuming a 40% tax bracket for the investor, $40,000,000.00 in tax credits at the federal level and an additional credit of 12%, i.e., $12,000,000.00 at the state level.

Reg. E Entertainment Focused Fund:

We are preparing a Reg. E Fund specifically for entertainment investments. The fund will seed several small ventures and provide the infrastructure for the larger tax credit. The fund will be launching as soon as a majority independent board of directors is selected and an independent audit is completed of the financial statements of the fund.

Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.