Los Angeles, CA, July 12, 2016 --(PR.com
)-- Spotlight Capital Holdings Inc. (OTCMKTS: SLCH) is pleased to provide shareholders with an update on the Company’s activities. During this calendar year, the management at Spotlight has been reorganizing its financial structure to raise funds for the Company’s operations and/or projects the Company currently is under contract to produce and distribute. The new financial structure will benefit the Company and its shareholders by allowing the Company to move forward with its plans to produce and distribute independent films in the U.S. and abroad. The prior financial structure was to raise funds, previously disclosed in past releases, with relationships that the old company (AvStar Aviation Group, Inc.) and management had in place prior to the new financial direction under the new symbol SLCH. Although the past relationships are available to management, the new financial direction will allow the company to raise capital more quickly by obtaining the funds needed for operations through the public market, private placements, and accredited investors.
After discovering the benefits of Regulation A+ offerings authorized by the JOBS Act, the Company intends to focus on preparing and filing an offering circular, that will allow the Company to raise up to $20 million Dollars per year for the next three years under Regulation A+.
Management at Spotlight decided to postpone seeking credit facility funding in order to utilize the benefits of Regulation A+. Although Spotlight Capital Holdings Inc. is postponing seeking credit facility funding options, management believes that they can negotiate better terms for credit facility funding, once regulation A+ is approved and liquidity of the Company’s securities are increased.
Now that the Company’s reorganization is complete, management can proceed forward to achieve the goals and financial objectives of the Company.
Safe Harbor Statement - The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
Source: Spotlight Capital Holdings, Inc.