Old Lions Still Roar Inc and Wabi Sabi Productions Inc. Launches Innovative Funding Initiative for Musical Theater Through the New JOBS Act
New York, NY, October 23, 2013 --(PR.com
)-- Old Lions Still Roar Inc and Wabi Sabi Productions Inc. announces the launching of a fundraising initiative targeted to accredited investors to produce new Musical Theater and other entertainment. This raise will be for the sale of Old Lions Still Roar Inc. common stock sold through a (PPM) Private Placement Memorandum. The start-up company will be producing Music, Musical Theater, TV, Film and digital entertainment content for worldwide distribution.
Changes to the rules by the SEC as outlined in the new "JOBS act" allows companies to now advertise their Private Placement Memorandum (PPM) through Social Media, Ads, Email Blast and other advertising means. This is only for sales of their common stock to accredited investors and not to the general public.
A. Michael Storm the CEO of Old Lions Still Roar Inc. is the main creative force behind the company. He has along with Emmitt Thrower the President and Founder of the Not For Profit Wabi Sabi Productions Inc have put together an International team of creative professionals to work with the company. They all are also shareholders. The core group also collaborates with creative professionals to produce superior entertainment content. The business core of 3-4 professionals run the business of the company.
Wabi Sabi Productions President Emmitt Thrower says that "Old Lions Still Roar's goal was to create affordable entertainment content without the burden of costly overhead." This was accomplished by eliminating or reducing high overhead costs from the big office and full time staffing model of current and past companies. "Staying lean and debt free is the mantra at Old Lions Still Roar Inc," states A. Michael Storm. Their innovation is to instead hire staffing only as needed on a project to project basis.
The company maintains a small core (4) of creative professionals to run the company including Emmitt Thrower and A. Michael Storm, who mostly work from a home office as do all core members. Near future plans include getting assistants for core members and a small NY office for Executive Producer Emmitt Thrower who heads the NY operations.
Much of Old Lions Still Roar's original entertainment content in music is produced through International and National Collaborations with various composers. The list of Collaborators is diverse and impressive. Composers from Hungary, London, New Mexico, Tennessee and other locations have already joined "Old Lions"and have already created music and content for the many developing Musicals and Film projects. A. Michael Storm over the past 5 years has created a wealth of intellectual properties in Musicals, Plays with music, TV and Film. This includes Lyrics, Scripts and other properties which through agreement with Mr Storm the rights have been assigned to Old Lions Still Roar to utilize as they see fit. Many Musical Theater projects are ready to go into further development or production once funding is in place. Creating the possibility of profitability early on in this process.
Their Fundable.com raise for accredited investors only and additional launch info can be found at their website launch page at www.oldlionsstillroar.com.