When all of the shares are sold the gross proceeds from this offering will be
$5,000,000. Our management will have broad discretion to allocate the net
proceeds from this offering. Actual expenditures may vary substantially from
our estimates. We may find it necessary or advisable to use portions of the
proceeds for other purposes. We expect to disburse the proceeds from this
offering in the priority set forth below, within the first 12 months after
successful completion of this offering:
Proceeds to Us: $ 5,000,000
Advertising and Marketing $ 50,000
Website Design $ 10,000
Equipment $ 10,000
Accounting, Auditing, Legal $ 30,000
Administration and Consulting $ 200,000
Working Capital and Acquisitions $ 4,700,000
Total Net Proceeds $ 5,000,000
In the event we are only able to raise the minimum offering proceeds of
$25,000 then the Issuer shall use $10,000 for website design, $10,000 for
purchasing equipment and $5,000 for accounting, auditing, and legal fees.
1984. This library
contains completed series and episodes available for worldwide sales, along with
raw footage that can be used to create new programming and sold as archival
content.
There are over 10,000 hours of completed content and raw footage contained in
the library. Programming from this library has appeared on television, primarily
in the United States, on a limited first run basis on networks including USA,
ESPN, ESPN2, FOX Sports Net, and Spike TV. Certain content in this programming
library has been used to launch the domestic United States digital broadcast
television network TUFF TV, and remains a part of the TUFF TV programming
line-up.
DOS Broadcast & Appraisal Services, Inc. performed an evaluation of the Seals
Entertainment Company, LLC library in August of 2011. The total fair market
value of the library was determined at $31,964,100. This includes $20,502,900
for completed episodic programming and $11,461,200 for raw footage. The Company
makes no representations on the specific value of the programming library; as
such value is conditional upon market conditions and demand.
SEALSCO BACKGROUND
The Company, through its existing management team, will benefit from the
expertise of those executives who are also involved with Seals Entertainment
Company, LLC (Sealsco). Sealsco is a nationally recognized media holdings
company, and a producer, owner, and distributor of television programming and
multimedia entertainment content with brand names including MotoWorld, Suzuki
Great Outdoors, Wal-Mart Great Outdoors, On The Pole, and American Expeditions.
Founded in 1984 as Seals Communications Corporation, the Atlanta-based firm has
produced content for a variety of clients and advertisers with credits on
networks such as ABC, ESPN, ESPN2, Spike TV, USA, FOX Sports, Speed Channel,
Discovery, TUFF TV, and Turner amongst others. Sealsco has also produced sports
specials for over 28 years, such as the Butkus Award, the Daytona 200, and the
Chick-fil-A Bowl Preview, along with numerous professional sporting series and
events.
Sealsco develops and creates cutting-edge and targeted advertiser-supported
entertainment. Sealsco programming includes outdoors, motorsports, health and
fitness, music, extreme and action sports, and a wide variety of youth, college,
and professional sporting events. The creation of sponsor-driven programming is
a Sealsco specialty. Sealsco has worked with numerous clients to create
thousands of hours of quality television entertainment. In the process, Sealsco
has built a substantial programming library that is marketed worldwide.
The Sealsco senior management team comprises veteran executives with over 90
combined years of experience working with some of the world's top media,
entertainment, and Fortune 500 companies. Sealsco offers a combination of
unparalleled expertise building media properties and entertainment brands known
worldwide. Since Sealsco's inception, it has been an industry leader and one of
the largest and most successful independent firms of its kind. With a track
record of combining youth with experience for nearly three decades, Sealsco has
built a recipe for success, innovation, and accomplishment while maintaining its
entrepreneurial spirit.?
The Company plans to create different divisions consisting of but not limited to
the following business operations: Distribution, Marketing, Production, Events,
Publishing, and Development. Worldwide syndication of its programming library,
original content production, content development, acquisitions, special events,
and creation of branded channels and networks for multimedia distribution are
all areas that the Company intends to pursue.
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Our principal and executive offices are located at 3340 Peachtree Road,
N.E., Suite 1800, Atlanta, Georgia 30326 with telephone number of
(404) 222-6400. Our registered statutory office is located at 1201 Orange
Street, #600, Wilmington, Delaware 19899. Website: www.Sealsco.com.