Entertainment Finance Veteran Jeff Andrick Joins Writers' Group as Advisor to the Board of Directors
LOS ANGELES, Jan. 22, 2013 /PRNewswire via COMTEX/ --
Writers' Group Film Corp. (OTCQB: WRIT), and Front Row Networks, a Los Angeles based concert production company, announced that D. Jeffrey Andrick, a 25 year Veteran of the entertainment finance industry, has joined the company as an Advisor to the Board of Directors.
"Writers' Group is fortunate to be able to benefit from Jeff's many existing relationships within the international finance community, including banks, private investors, and other production finance companies and his detailed understanding of emerging distribution platforms" said Eric Mitchell, President of Writers' Group.
Mr. Andrick has over twenty five years of entertainment finance and related experience. Most recently, he served as Managing Director of Continental Entertainment Capital, a specialty financing and merchant banking venture with Citigroup, which deployed a variety of debt, mezzanine and equity capital through project, slate, corporate and structured finance transactions. Through his boutique advisory company, XL.Ent Media Group, Mr. Andrick's clients have ranged across financial institutions, Forbes 400 and other private investors, studio-based and independent production companies, international sales agents and U.S. distributors. Jeff's engagements have included strategic advisory, planning and modeling for production, distribution, P&A, international and U.S. soft money structures, television production, media buying, bridge/finishing funds, distressed and other library transactions, and a music label restructure. Mr. Andrick has evaluated, negotiated and arranged financing for hundreds of films, and has extensive global industry relationships in film and new media.
Mr. Andrick helped found and ran the Entertainment Industries Group at Comerica Bank, a US$50B commercial bank, where he served as First Vice President and Group Manager and was responsible for all industry lending and related banking activities. Jeff also helped found and build the Entertainment Industries Group at Imperial Bank, and began his entertainment lending career at City National Bank in 1987. Mr. Andrick performed an asset management/ investment role with Shearson Lehman Hutton's real estate investment banking unit, and separately helped form an international real estate joint venture. Mr. Andrick holds a Master of Business Administration degree from the Rotterdam School of Management at Erasmus University (Netherlands), and resides in Los Angeles with his wife and children.
Andrick noted, "The current worldwide phenomenon surrounding 3D, combined with a vibrant live entertainment business, presents a unique opportunity for Front Row Networks to become the leader in providing alternative theatrical content to a growing audience. I look forward to advising the Front Row Networks management and helping the Company access capital for its intriguing business model."
Front Row Networks is a live concert production and distribution company which produces live concerts in 3D for initial digital broadcast into movie theaters in the United States, Western Europe, South America and Asia. Following a US theatrical run, the 3D concerts are then licensed to TV broadcasters and DVD retailers.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements and as such, speak only as of the date made. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company's latest 10-Q filed November 19, 2012.
Investor Relations Contact for Writers' Group Film Corp.:Equiti-trend Advisors, LLC+1 (800) 953-3350Websites: www.FRNetworks.com
Companies: WRIT GRP FILM CORP , FRONT ROW NETWORKS
SOURCE Writers' Group Film Corp.
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