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      schrieb am 17.01.01 12:42:33
      Beitrag Nr. 1 ()
      Team Communications Group, Inc. Receives $45 Million Commitment From Canadian Imperial Bank of Commerce (CIBC) for First Ever TV Securitization Programming Fund

      LOS ANGELES, Jan 17, 2001 (BUSINESS WIRE) -- TEAM Communications Group, Inc., a leading multinational television production and distribution company, (NASDAQ:TMTV)(Neuer Markt:TME) announced today that the Company has received a $45 million financing commitment for a special purpose fund from Canadian Imperial Bank of Commerce (CIBC). The commitment is subject to documentation and is expected to close during the first quarter. Given TEAM`s current programming slate, TEAM TV Fund will be able to finance up to $125 million of total production costs. The announcement was made today by Drew S. Levin, TEAM Chairman and CEO.

      The new TEAM TV Fund will finance the production of TEAM`s original dramatic telefilms, miniseries, and series. Under the structure, TEAM will create a wholly owned special purpose affiliate that will be capitalized with a $5 million equity contribution by the company and will be able to draw upon up to $45 million for the purpose of financing the production of dramatic programming. The $45 million financing commitment will be used on a revolving basis to fund program production based upon presale thresholds. This innovative form of financing production costs will be nonrecourse to Team Communications Group, Inc.

      "TEAM TV Fund will be the first securitization type of financing structure for television production," commented Mr. Levin. "This unique financing approach scales up quickly, is accretive to our shareholder equity and cost effective," added Levin.

      "The new TEAM TV Fund significantly augments our company`s ability to meet the growing demand for original, dramatic programming from all of the key broadcast and cable network buyers around the world," concluded Levin.

      TEAM Entertainment`s current slate of 43 hours of new dramatic productions expected to be contributed to the new special purpose fund is two movies of the week, ABC`s Final Jeopardy and Lawrence Bender`s Anatomy of a Hate Crime for MTV (which debuted on January 10th), as well as 3 drama series: MTV`s Live Through This, Call of the Wild for Animal Planet and TEAM`s newest series in production, Vampire High.

      TEAM Communications Group, Inc. currently owns and distributes over 4,000 hours of programming worldwide, in addition to producing a wide variety of programming for leading U.S. and international broadcasters. TEAM maintains offices in Los Angeles, Munich (through its TEAM Entertainment Germany (GmbH) and London (through its TEAM Dandelion Ltd. Operations). It shares trade on NASDAQ-NMS (TMTV) and on the German Neuer Markt (TME).

      The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by TEAM Communications Group, Inc.) contains statements that are forward looking such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM Communications Group, Inc. filings with the Securities.


      CONTACT: United States:
      TEAM Communications Group, Inc., Los Angeles
      Drew S. Levin, 310/312-4400, 310/312-4401 (fax)
      http://www.teamtv.com
      or
      United Kingdom:
      TEAM Dandelion, Ltd., London
      Noel Cronin, 011-44-181-863-1888
      011-44-181-863-0463 (fax)
      mailto:nc@teamd.co.uk
      or
      Germany:
      TEAM Entertainment Germany, Munich
      Erhart Puschnig, 011-4989-24-4409-70
      011-4989-24-4409-99 (fax)
      mailto:Erhart.Puschnig@gmx.net
      or
      U.S. Investor Relations:
      Investor Relations Services, Inc., New Smyrna Beach, FL
      Dan Kinnison, 904/409-0200, 904/409-0043 (fax)

      Quelle:http://investor.stockpoint.com/NewsStory.asp?Story=20010117…
      Avatar
      schrieb am 17.01.01 17:21:49
      Beitrag Nr. 2 ()
      Puschnig hat eine Freemail: Erhart.Puschnig@gmx.net !!!


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