Equus Total Return, Inc. Announces Development Agreement With Kopelson Entertainment
January 29 2007 - 8:03AM
PR Newswire (US)
HOUSTON, Jan. 29 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) ("Equus" or the "Fund") announces a development
financing agreement with Kopelson Entertainment through Equus Media
Development Company, LLC ("EMDC") for the purchase of creative
material to be used for the production of motion pictures. "We are
delighted with the opportunity to work with Kopelson Entertainment,
one of the leading production companies in the industry," Kenneth
Denos, Executive Vice President of Equus. "We believe our combined
efforts in the entertainment sector will enhance shareholder
value." "While responding to rapidly evolving trends in the motion
picture industry, we believe a development fund will facilitate and
streamline the production process," commented Paula Douglass, Vice
President of Equus and President of EMDC. "The management team and
solid track record of Kopelson Entertainment is widely respected
and accomplished. We believe it is well positioned to identify and
acquire high-quality material for commercial development." "While
there are production funds available through the studios and newly
funded production companies, there is a relatively small amount
allocated for development. Our goal is to provide financing through
EMDC to develop high quality commercial screenplays for production.
We anticipate this relationship will provide us with a competitive
edge in acquiring and developing material," stated Arnold Kopelson
of Kopelson Entertainment. Arnold Kopelson received the Best
Picture Academy Award for the production of "Platoon" and a Best
Picture Nomination for "The Fugitive". Other Kopelson Entertainment
films include "Se7en", "A Perfect Murder", "The Devil's Advocate",
"Falling Down" and "Outbreak". Kopelson Entertainment films have
generated in excess of $3 billion in worldwide receipts. Equus is a
business development company that trades as a closed-end fund on
the New York Stock Exchange, under the symbol "EQS". Additional
information on Equus may be obtained from the website at
http://www.equuscap.com/ . This press release may contain certain
forward-looking statements regarding future circumstances. These
forward-looking statements are based upon the Company's current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements
including, in particular, the risks and uncertainties described in
the Company's filings with the Securities and Exchange Commission.
Actual results, events, and performance may differ. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as to the date hereof. The Company
undertakes no obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material. CONTACT: Brett Chiles (713) 529-0900
DATASOURCE: Equus Total Return, Inc. CONTACT: Brett Chiles of Equus
Total Return, Inc., +1-713-529-0900 Web site:
http://www.equuscap.com/
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