NSKY, NEWS DUE OUT very soon:
News pending on NSKY could easily propel us to .10 or higher even before the news hits. JMO
I just want to add a brief history of NSKY for those of you who know
nothing about the company:
New Sky Communications
731 Power Building
16 W. Main St.
Rochester, NY 14169
Tel. 716-454-5490
Carl Reynolds is the Ceo of NSKY and has been ever since it's inception
in 1984. NSKY originally came
public in 1984 as Thoroughbred U.S.A.. Mr. Reynolds intentions,
originally were to get into horse racing and
purchase a Race Track in the Rochester area called Finger Lakes Horse
Track.
In 1987 New Sky Communications was founded. They are a production
company that does the producing of
movies from financing, editing and distribution of the final product.
New Sky's last movie was "Lady in White" which is still being
distributed through Samuell Goldwyn Mayer
and other distribution channels. New Sky is still recieving royalties
from "Lady in White."
Outstanding shares: 193 million of 200 million Authorized
Float size: 90 million
Restricted shares: 100 million
New Sky is actively in discussions for distribution of the new cut of
"Freak..." with several companies, with
renewed interest from October Films understandable because of Zahn. It's
just a matter of time and negotiations
now.
In addition to Zahn's roles discussed here previously, he just wrapped
on an independent film "Happy Texas"
(no release date yet); and is now on the set with Sandra Bullock and Ben
Affleck shooting Dreamworks'
(anyone bigger?!) "Forces of Nature" which is set for release Feb. 12, 1999.
Reynolds expects a press release soon (but he wouldn't say exactly when)
announcing an agreement with
Winchester Entertainment regarding them working on the financing of
NSKY's next major project,"Face
Value". The release date of that PR could be within a week, depending on
when the various lawyers agree.
This, of course, is the one in which Hollywood's A-List is so interested
(discussed in previous posts).
Also, negotiations are continuing on "The Hell Candidate", but Reynolds
still cannot discuss the details due to
the nature of the current talks.
Steve Zahn is becoming a mjor commodity in Hollywood. NSKY is in the right
place at the right time.
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