Winnipeg, Manitoba – August 17, 2006 – Frantic Films Corporation (“Frantic”), a leading provider of advanced visual effects and live action production services, announces that it has secured a US$2.0 million venture loan from MMV Financial Inc.
Frantic has grown to become a significant player in the visual special effects, live action and commercial production industries. By deploying their unique technologies they have worked with major Hollywood studios on marquee projects such as The Italian Job, Swordfish and most recently Superman Returns. The company is also well recognized for its award winning live production programming with clients such as CTV, Global Television, PBS and History Television.
"This financing allows Frantic to aggressively pursue its growth strategy,” said Jamie Brown, President and Chief Executive Officer of Frantic. "MMV’s deal team quickly understood our business and we are pleased to have them as a financial partner.”
“We are very excited about the opportunity in the visual effects and live action production markets,” said Ron Patterson, Executive Vice President, MMV Financial Inc. “We believe Frantic’s experienced management team, unique visual special effects technology, and impressive international client base will position the company for promising growth.”
About Frantic Films Corporation
Frantic Films (http://www.franticfilms.com/) is a leading provider of visual effects, live action and commercial production services to global motion picture, television, advertising, media and corporate communications clients. The company offers a unique suite of award winning services that meet the production and pre/post production needs of its customers. Founded in 1997, Frantic Films has been repeatedly recognized as an industry success story and has been instrumental in providing lead-edge visual effects on major studio projects such as The Italian Job, X-Men 2, Resident Evil: Apocalypse, Scooby-Doo 2, The Core, Catwoman, Swordfish, Paycheck, Silent Hill, and Superman Returns. In addition, the company has produced its own award-winning live action television programs that have set ratings records and have been distributed in over 40 countries around the world. Frantic Films has been successful in selling its high quality services to some of the most recognized media and entertainment buyers in the world including:
Warner Bros., Sony Pictures, Paramount, 20th Century Fox, History Television, PBS, Life Television, CTV, Alliance Atlantis, Global Television, Telefilm Canada, and Walt Disney.
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Quebec, NewStar Financial Inc, and Wells Fargo Company. For more information visit www.mmvf.com or contact:
Ron Patterson, Executive Vice President
MMV Financial Inc.
Tel: (416) 977-9718
rpatterson@mmvf.com