To: xbrent (1539 )
From: Reason 3227
Friday, Aug 21 1998 10:56AM ET
Reply # of 1646
For those of you who didn't recieve my latest update, here it is for yours eyes only:
NSKY, last Friday, August 14, 1998 opened @ .023, closed @.033 on
anticipation of news coming the following week.
Nothing has changed on the news aspect. We could be seeing news any day. As
each day passes, the closer we get to news of one of the major projects.
The interest on NSKY has tripled since last Friday. A few impatient one's
decided to take a little profit because news did not come soon enough for
them, which has put us at the .020 level.
For those who didn't want to get in this past Monday or Tuesday because it
had climbed to fast for them; this is your opportunity to get in now before
news does hit.
Since last Friday, my email list on NSKY has grown to over 3,000
subscribers. The interest on NSKY is far more than I anticipated and once you
do call NSKY to verify everything; they too are overwhelmed and excited about
all of the interest.
The following is a list of projects that NSKY is extremely close to finalizing.
>
> (A) During the quarter, the Company and its Co-Producing partner,
> Syracuse Productions, LLC, undertook a slight re-edit of and continued
> post-production work on the feature film entitled "FREAK TALKS ABOUT
> SEX" (formerly "SYRACUSE MUSE"). The producers are considering various
> options for marketing the film to potential distributors, including
> direct marketing to distributors and various film festivals.
>
> The Company and Owasco Entertainment, whose principals are the same as
> Syracuse Productions, LLC, have an option to produce a feature film
> based upon a screenplay entitled "FACE VALUE" from the author, Lynne
> Adams. The two companies will co-produce the film and they are
> currently negotiating with companies for production financing and
> negotiating with so-called "A" list talent to appear in the film and an
> "A" list director to direct the film. The Co-Producers hope to commence
> principal photography of the film in early 1999.
>
> The Company and Owasco Entertainment have obtained an option on the
> novel THE HELL CANDIDATE by Graham Masterton, a prolific British horror
> novelist. The companies are negotiating with an "A" list screen writer
> to adapt the novel into a screenplay and are seeking financing and/or
> development financing from major studios. The Producers anticipate that
> a film based on the novel will be a "large" budget film.
>
> The Company entered into a distribution agreement for a so-called
> "Director's Cut" of its feature film "LADY IN WHITE" which was released
> on DVD format during the first quarter of 1998.
>
> The Company continues to carry its investments in feature films as an
> asset of the Company under Film Inventory, amortizing these costs when
> funds are received on the various write-down of the unamortized costs
> is appropriate.
>
> The Company has title to and/or interests in the following feature film
> properties, which are in development or completed: "FREAK TALKS ABOUT
> SEX," "FACE VALUE," THE HELL CANDIDATE, " "THE GIANT" and "THE
> GODMOTHER." The Company has released two feature films: "FEAR NO EVIL"
> and "LADY IN WHITE." The Company was also an investor, in 1989, in a
> feature film entitled "GRAVE SECRETS," produced by Planet Productions,
> Inc.
>
>
> 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
>
> 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
>
> The following is some formal DD that will bring you up to speed:
>
> No word yet on the invitation to September's Toronto Film Festival for the
> comedy "Freak Talks About Sex".
> He said that, as far as he knew, nobody has heard yet and they were told
> invitations would be issued at the end
> of July, which is three days away. He said since July 31 is a Friday,
> the invites may not be delivered until
> Monday. At any rate, a PR will be issued when and if an invitation is extended.
>
> As to the status of the next major project, "Face Facts", the Lynne
> Adams screenplay to which NSKY owns the
> rights: They are working with a British company, Winchester
> Entertainment, to secure the financing and things
> are "going well but not finalized yet." Last Friday's (7/24) Daily
> Variety had a front-page story on the possible
> production which resulted from an interview with Winchester, and NSKY
> was mentioned prominently.
> Reynolds said the story had some errors but was essentially correct. It
> referred to the project as "Face Facts"
> instead of "Face Value", but they are the same entity. Peter Bagdonovich
> is "very interested in directing" the
> film but he is not yet a "done deal". Incidentally, the screenplay's
> author, Lynne Adams, is actress Brooke
> Adams' sister and Reynolds is talking with Brooke about her having a
> part in "Face Value". He mentioned a
> couple of weeks ago that several A-list actors were also interested in a
> role in the movie. They plan on shooting
> the film in the fall but Reynolds said the actual start of production
> depends on getting the financing in place. An
> announcement will be made when everything is finalized...and it could be soon.
>
> As for "The Hell Candidate", things are progressing but Reynolds
> declined to say any more other than NSKY is
> in discussions with two major screen writers and are close to an
> agreement. Due to the delicate nature of current
> talks, he couldn't say more.
>
> 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.
Please take the time to check out the two sites I have listed below.
They are both quite informative and adds to the validity of the value of
"Freak Talks About Sex" and "Face Facts"
Steve Zahn is a major up and coming Hollywood actor who is in "Freak Talks
About Sex."
>
> geocities.com
When you go to this site, you have to register, then you type in "Face Facts."
That was the original name of the script but it has changed to "Face Value."
>
inhollywood.com
>
> Now, Update:
>
> NSKY from the latest conversation with management and the PR firm:
>
> They do have pending news. They hope to release something in the very near future.
If you would like further update on NSKY and other stocks that I follow, you can email me: gski@swbell.net |
