RegalWorks Media, an
independent multimedia studio focused on feature film production, reports that
it has closed on its financing for Jake’s Run, the company’s first feature film
production, based on the true-life events of ESPN ESPY Award winner Jake
Porter. The company has also added two key members to its executive management
team.
“Jake’s Run” will
follow RegalWorks’ model of producing high-quality films at a reasonable budget
and maximizing the cash flows through multiple revenue sources. Casting is
underway in preparation to commence production in April 2014. Studio
distribution for the film is in process and expected to be secured by the end
of February 2014.
RegalWorks appointed
Ken Herfurth to its leadership team, where he will serve as vice president of
business development, contributing his more than 20 years of management and
leadership expertise, including seven years with a Fortune 100 company.
Herfurth’s primary focus has been on identifying potential acquisitions and
conducting due diligence. After serving in this capacity as a consultant for
five months, he surfaced several potential acquisitions and has been brought on
the team to help close one or more of these transactions in the first quarter.
Bill Friday, CFA,
was also appointed to RegalWorks’ leadership team where he will serve as vice
president of finance and operations to lead the company’s various financing efforts
as the company seeks to complete the financing for its first three films and
several acquisitions targeted to close in the first quarter. Friday has more
than 25 years of successful experience in international banking and finance
with stints at both Wachovia Bank and Grosvenor Park Media that included work
in film and entertainment. He has previously arranged or co-arranged on more
than $40 billion in syndicated facilities. Friday has been serving as a
consultant for the past six months, supporting RegalWorks CFO Marcia Allen in
various corporate finance matters. His primary focus has been on raising
capital for the company’s films, film funds, and acquisitions.
“We are excited with
our progress in getting the financing for our first film completed, having two
more nearing completion, and lining up several strategic acquisitions in a
relatively short amount of time,” RegalWorks chairman and CEO Dane West stated
in the news release. “Having Mr. Herfurth and Mr. Friday now as officers of the
Company will provide the kind of expertise and concentrated focus it will take
to seize these various opportunities in an accelerated timeframe.”
For more
information, visit www.regalworks.com
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