Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NSKY - NEW SKY - Movie production and MoviePlace.com site -- Ignore unavailable to you. Want to Upgrade?

To: Donster who wrote (6083)	11/12/1999 2:29:00 PM
From: OFW	Respond to of 6548

NSKY FILES 10Q WITH THE SEC: freeedgar.com Offie

To: Donster who wrote (6083)	11/12/1999 2:36:00 PM
From: OFW	Read Replies (1) \| Respond to of 6548

Excerpts from Management Discussion of 10Q: Relevant Excerpts from Management Discussion of 10Q: STATEMENT OF MANAGEMENT 1(A) During the quarter, the Company and it's Co-Producing partner, Syracuse Productions, LLC, have been screening their film "FREAK TALKS ABOUT SEX" for potential distributors and purchasers of rights in the film. In October, the film was screened at the Hamptons International Film Festival and placed second in the audience choice awards and received an Honorable Mention from the jury, which included the actor, William Hurt. After the end of the quarter, the producers agreed in principle with HBO for a debut of the film as a Cinemax Friday Night Premiere starting December 17, 1999. The producers believe that the wide exposure the film will receive by the limited screening on Cinemax will enhance the subsequent sale of other rights in the film, including home video, foreign, internet and other television and does not preclude a theatrical release of the film.. "FREAK TALKS ABOUT SEX" is a comedy starring Steve Zahn, who has recently appeared in "OUT OF SIGHT" and "YOU'VE GOT MAIL" and will star in the current Miramax film "HAPPY TEXAS" and Josh Hamilton, who has recently appeared in the NBC mini-series "THE 60'S." The Company owns one-third of the profits of the film after the investors recoup their investment plus twenty percent (20%). For proprietary reasons, the Company may not disclose the budget of the film and by contractual provision may not disclose the amount received from HBO for the rights to the film.. The Company continued pursuing production of its film property "THE GODMOTHER" (formerly "RESPECT YOUR GODFATHER"). The film is a comedy co-written by, among others, Joel and Ethan Coen, who have previously written "RAISING ARIZONA," "THE BIG LEBOWSKI" and "FARGO." The Company has received letters of intent, subject to availability and negotiation of contract terms, to appear in the film from Katherine Helmond, star of television's "SOAP" and "WHO'S THE BOSS?", Alex Rocco, best known for his role as Moe Green in "THE GODFATHER" and Max Casella, co-star of the recent feature film "ANALYZE THIS" and "DOOGIE HOWSER" on television. Both Helmond and Rocco starred in the Company's previous film, "LADY IN WHITE." The Company is attempting to raise financing for production of the film. During the first quarter of 1998, the Company acquired a forty percent (40%) interest in the business called The Movie Place, which owns and operates the Internet site "movieplace.com." The Web site features movie reviews and interviews with movie stars by nationally syndicated movie reviewer Mike Cidoni, along with links to movie trailers and movie showing times around the country. Successful coverage of "STAR WARS: THE PHANTOM MENACE" and "SOUTH PARK" have significantly raised the page views of the site. The site has retained an advertising broker to procure additional advertising. The interest was purchased for $25,000.00, which The Movie Place will expend to enhance and market the Web site and for working capital. The Company procured the funds for the investment by a loan on a promissory note from its Chairman and President, Carl R. Reynolds. The Promissory Note is in the amount of $25,000.00, payable on demand and bears interest at the rate of ten percent (10%) per annum. A copy of the Promissory Note and the Agreement with The Movie Place were annexed to the Form 10-Q for the period ending March 31, 1999. The Company hopes to help develop the site into a significant Web site of interest for movie fans and as an agent for raising production funds for independent films by the Company and others. During the quarter, Movieplace.com, Inc. began developing plans to debut a movie critics program weekly on the internet site starting in early 2000. The program will consist of a panel of movie critics, including Movie Place's own critic, Mike Cidoni, discussing recently released films. The ultimate goal would be to have the program syndicated as a weekly television show.. 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. All remaining outstanding distribution agreements on the film expire in 2002 or 2003, at which time all rights will revert to the Company. The Company has title to and/or interests in the following feature film properties, which are in development or completed: "FREAK TALKS ABOUT SEX", "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.