SCOTTSDALE, AZ–(Marketwired – Apr 26, 2017) – Cre8tive Works, Inc. (OTC PINK: FILM) (the “Company” or “Cre8tive”) is pleased to announce that it is has entered into a formal agreement with Runaway Enterprises, Inc. (“Runaway”) to fund the development of the full length horror film “Vineyard” (the “Project”). The funds to develop the Project will be advanced by Cre8tive under a loan structure repayable in two years bearing interest at rate 8% per annum (the “Loan”) and repaid back on a priority basis out of tax credits and box office receipts. Cre8tive will also be granted 25% of all net revenues generated by the Project in perpetuity.
April 26, 2017 at 03:01PM
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