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Cre8tive Works Announces Decision to Position the Company to Pursue Financing for the Film Studio Project Through Foreign Investment Visa Program
MIAMI BEACH, FL--(Marketwired - Mar 8, 2016) - Cre8tive Works, Inc. ("Cre8tive") (
In September 2015, Cre8tive took part in the City of Miami International Business Development EB-5 Regional Center Workshop. Discussions took place on the creation of USCIS EB-5 project and how investors and project professionals work through the foreign investor visa process. National expert teams who are integral to projects came together on specific panels to discuss key areas of legal, business, marketing, raising capital, compliance and investor representation.
Cre8tive has already identified viable facilities to be transformed into soundstages while working directly with local real estate company, Marianas Living, while in Saipan and has decided to pursue EB-5 Visa financing as one of the various unique non-dilutive financing stack tools for these types of real estate acquisitions. The applicability of EB-5 Visa Program can play a role in partial financing in the establishment of physical studio and hotel property development and also the funding of film projects.
About USCIS EB-5 Foreign Investment Visa Program
The United States Citizenship and Immigration Service Employment Based Immigration Fifth Preference Visa Program (EB-5) attracts investments from qualified foreign investors in amounts of $500K or $1M depending on factors such as population and unemployment rate of the projects desired location. Information can be found at the USCIS website: http://www.uscis.gov/eb-5
About The United States Commonwealth of the Northern Marianas Islands
The US Commonwealth of the Northern Marianas Islands, which is 15 hours ahead of US Eastern Standard time, along with Puerto Rico, are insular areas of the United States and are the only two United States territories with "commonwealth" status. The residents of these areas are United States Citizens and their currency is the US Dollar. https://goo.gl/qHGKvU
Saipan, which is known as "the most beautiful place in America you've never heard of" is the island capital of the US Commonwealth of the Northern Mariana Islands. The CNMI is an unincorporated territory of the United States of America located 120 miles north of Guam, 3711 miles west of Hawai'i and 1460 miles southeast of Japan, and was recently portrayed on the HGTV show "Beachfront Bargain Hunt". http://goo.gl/WPgXhm
About Cre8tive Works, Inc.
Cre8tive Works specializes in the financing of production ready, independent films that have great potential for financial success. The Company's mission is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return. Cre8tive Works intends to focus on various countries that comprise the Asian film market.
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 Cre8tive Works, Inc.'s filings with OTC Markets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Cre8tive Works, Inc.
1000 Fifth Street, Suite 200-B3
Miami Beach, Florida 33139
Investor Inquiries: IR@Cre8tiveWorks.net