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Fight Of The Century- SME NON-REGISTERED
OFFER DOCUMENT
(Restricted Unqouted Securities) |
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Fight Of The Century
Richard Bradley Productions
A.C.N: 001 886 988
SME OFFER & DISCLOSURE DOCUMENT
for Restricted Unquoted Securities Private Placement
Pursuant to ASIC Class Order 02/273 under Australian Corporations Law
MARCH 2004
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Notice:
Investing in unlisted unquoted securities and new
enterprises is risky and you could suffer losses. Information listed on the
IMMM Bulletin Board nor this document is not intended to be the only
information on which an investor will make an investment decision. It is not a
substitute for a prospectus or any other notice that may be required under the
Corporations Law or any other relevant law. You should conduct further enquires
to make sure that you get all the detailed information you need to decide
whether or not to invest. This may include getting further information such as
accounts, a business plan, nformation about ownership of intellectual or
industrial property, or expert opinions including valuations or auditor's
report and checking Subject to the Corporations Law, this Document may not be
required to be registered with ASIC, this document is designed to provide a
'fair & reasonable' reflection of the company objectives to intending
participants who are permitted to deal with restricted unquoted securities.
information which has already been provided to you. Before you decide to invest
in an opportunity by subscribing for or buying securities, you are strongly
advised to take appropriate professional advice. There is NO ESTABLISHED MARKET
for the securities. Nothing contained here in has been vetted by ASIC or any
other person other than those with letters of opinion (if any). All warranties
wavered. No guarantees. Subject to the Corporations Law, this Document may not
be required to be registered with ASIC, this document is designed to provide a
'fair & reasonable' reflection of the company objectives to intending
participants who are permitted to deal with restricted unquoted securities.
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Introduction:
Fight of the Century, is a dramatic filmed reconstruction
of the remarkable events surrounding the 1908 World Boxing Heavy Weight Title
fight between the Title Holder, TOMMY BURNS a White Canadian
and the Challenger, JACK JOHNSON a Black American. It was a
sporting event literally shook the world. It took place in Sydney on Boxing Day
1908. Beginning at 11am with little ceremony and was over in time for lunch! No
Australian sports men or women were involved! TOMMY BURNS, a Canadian boxer who
was the recognised World Champion and JACK JOHNSON an American boxer, slugged
it out in front of 16,000 men and one woman, who happened to be the wife of the
famous visiting American corespondent and author JACK LONDON. As well as the
16,000 inside, another 25,000 fans had to be turned away from the venue which
was a makeshift stadium constructed on a disused market garden in a Sydney
suburb called Rushcutters Bay, which was situated close to the harbour, east of
the city centre. The fight had a lasting significance on world sporting, social
and political history. Because the challenger, JACK JOHNSON was black - and he
won.
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Invitation:
Sophisticated Investors are invited to subscribe as share
holders in the production of the feature film drama entitled Fight of the
Century to be produced in accordance with this offer. Fight of the Century (the
film) is aimed at worldwide theatrical release, home video and DVD rentals and
sales, free to air and pay television. The film will be marketed and sold to
all media in all territories throughout the world to maximise the return
benefits to investors. The Film will be shot on 35MM for first up cinema
release in the main markets of Australia and New Zealand.
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Completion of the film:
Planning and casting the production can commence as soon as
the subscription is raised and a completion guarantor is in place.
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Return to Share Holders:
Share holder will be entitled to a pro rata share of the copyright in the film
and will receive a pro rata share of any royalties the film generates over and
above the presales for a period of three (3) years and (1) day from the
completion of the film. Details of disbursement entitlements are set out under
the heading How will Gross Receipts be disbursed?s
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Division 10BA
The film has already been issued a
Provisional Certificate No. 5859 under 10BA of the Act. Eligible
Australian investors that purchase a complete lot of shares as outlined
on this document of the offer should qualify for income tax reduction
under 10BA of the Income Tax Assessment Act 1936 (the Act) in the year of
investment.
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Producing and marketing
the film:
The company Producing and Marketing the film will be
Richard Bradley Production Pty. Limited (ABN 54 001 886 988). The company
developed and publicized the film concept Fight of the Century. Richard Bradley
Productions Pty. Limited will enter a Production and Investment Deed with the
investors through IMMM as Executive Producer and Townshend & Associates
acting as trustee for the investors.
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Summary:
The budget summary is set out at the end of this
memorandum. The production will be filmed on 35MM film with options available
for the actual shooting locations.
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Brokerage:
A brokerage or introduction fee is available to agents (companies or
individuals) who wish to purchase multiple shares that make up a Lot on behalf
of their clients. Agents need to contact Townshend & Associates prior to
purchase of shares. The negotiated fee will be paid when subscription is
reached and on the first day the film starts pre production.
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How to invest and become a
share holder:
To become a share holder is done through the purchase
of shares in a partnership arrangement with all other investors. There are
13082 available shares to be purchased. The purchase price of each share
is $1,040AUD. Investment can be made by purchasing one or multiple shares.
The Budget of the film is $13,082,000.
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Key features of the Offer:
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A single share of AUD1,040 or multiple shares of these
amounts can be purchased.
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Investors can have the option of a completion guarantee.
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Production can commence as soon as the subscription has been
achieved.
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The subject matter and characters are well known throughout
the world.
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A target market exists worldwide.
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Investors are entitled to receive first returns after
MARKETING expenses and will share in Gross Receipts and copyright with the
producer after their initial subscriptions have been repaid in full.
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Period of Investor returns in the Scheme will be three (3)
years and (1) day after completion of the Film.
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Eligible investors that purchase a complete share or shares in
a partnership arrangement pro rata with all other investors should receive a
tax deduction under Part 10BA of the Act in the year of investment.
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Investors are entitled to be fully refunded of all monies paid
if production does not proceed.
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A big advantage of this Film is the huge public awareness of
the incident. and the characters are known around the world. It is also based
on a sport that has immediate international appeal. ,
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The star of the Film is the
Film itself:
The marketing plan includes building an awareness for an Australian theatrical
release resulting in higher television returns and building a high profile of
success attracting international distribution and sales to allow the Film to
gain maximum returns from international markets.
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Commencement of cash flow stream:
Because the international distribution and sales will take place on the
websites with DVD sales will automatically begin. This is a cult film with an
established international market of hundreds of millions
of boxing and sports fans. As a result, DVD income to investors could start
immediately after completion and availability of the finished product. The bulk
of cash flow is anticipated to be receipted within 36 months after release and
availability of Fight of the Century. Disbursement of all Gross Receipts from
Australia and throughout the World.
ITEM 1: FIRST, to meet Marketing Expenses.
ITEM 2: SECOND, in respect of all Gross Receipts actually received, generated
or contracted by the Expiry Date which is Three (3) years after the completion
of the film (regardless of when such funds are receipted) to the Executive
Producer on trust for the share holders until they have received an amount
equal to 100% of their original subscription.
ITEM 3: THIRD, in payment to the Production Company until sum
paid under this item is equal to any Overages met by the Production Company
including interest thereon.
ITEM 4: FOURTH, to pay the Completion Guarantor for
reimbursement of any Overages paid by it until the amount paid under this item
and equals those Overages.
ITEM 5: FIFTH, in respect of all Gross Receipts actually
received, generated or contracted by the Expiry Date (regardless of when such
funds are receipted): (a) the Production Company: 50% (b) to the Trustee: 50%
who will pay these amounts to the share holders pro rata to the amount of
shares owned by each investor.
ITEM 6: After the expiry date of three (3) years and (1) day
after the completion of the film, 100% to the Production Company.
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Explanation of
Disbursement to Investors:
The Executive Producer will disburse funds pro rata to each investor as a share
holder which will be in partnership pro rata with all other share holders. As
the share holders may be a syndicate or lot of several share holders, it will
be the responsibility of the syndicate or lot to disperse funds pro rata to
other individual share holders in the syndicate or lot who will be in
partnership pro rata with other share holders in overall partnership with all
other investors who are share holders in the project. The investors in the
Fight of the Century Film Project will be considered to be a partnership for
income tax purposes as they are in receipt of ordinary income or statutory
income jointly (see the definition of "partnership" in section 995-1 of the
ITAA 1997). The licence fees received by a Partnership of investors in the
Film, less any GST payable on those licence fees, will be assessable income of
the investors under section 26AG in the income year in which they are received.
Although there exists a tax law partnership assessable under section 26AG is
taken to be income derived by the partners/investors.The amounts received as
income are payments for the right to use the rights attaching to a "qualifying
Australian film" possessed by the investors in respect of a particular period.
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Role of the Executive
Producer:
IMMM takes the role of the Executive Producer under the established trading
name of IMMM (International Movie Maker Market). IMMM will act for the
Investors and to ensure the project and production funds are properly managed
during the production and marketing of the film. They will engage an
experienced Investor Representative Producer to act on their behalf. They also
engage the Production Company Richard Bradley Productions Pty Limited to
produce and market the film. The main marketing thrust is Cinema and to
establish and sell international DVDs and all television sales through internet
marketing on the two existing websites which are internationally established
and known. This will reduce marketing costs whilst providing a quicker
turnaround of sales returns. Whilst the Film is shown in cinemas, the DVD and
video markets will be activated and exploited. This entire process usually can
take about 9-12 months to complete. Then the Film will become available for
Free to Air Television and eventually Pay TV and Satellite TV exposure.
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A. Richard Bradley
Richard Bradley is an award winning film maker and has been
working in the film industry for twenty (20) years. His experience includes
involvement in film studies and advertising agencies. He has produced special
effects for over 300 commercials and the US Bikie Film "Sidecar Racers"
(Universal Pictures), starring Ben Murphy, Endy Hughes and Peter Graves. In the
early 1980's Richard Bradley Productions Pty Ltd was formed and Richard
Bradley's work component expanded to include video, films, radio and TV
commercials and public relations. Richard Bradley has produced over 80 videos,
films and commercials which have included the feature film "Southern Crossing"
(Australia/US), featuring Dave Brubeck, telemovies "The Hitchhiker"
(Fuji/Japan) based on the short story by Roald Dahl, TV specials Flying Doctor
Service (Australia/ABC). "Prisoner of Poverty" (Nine Network) and countless
other TV Pilots, documentaries and short drama. In the early 1990's Richard
Bradley was appointed Australian Media Agent for the renowned Dr.W Edwards
Deming who was personally appointed by General Douglas MacArthur to rebuild
Japanese Management and Industry at the end of World War 2. At present, Richard
Bradley is working on three major documentary series, each running between 10
to 14 hours in 2 hour episodes. These major productions are heavily focused on
Australian sporting and social history. And many episodes are already selling
in the marketplace. He has just completed another feature length production
that has gone into international release.
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Richard Bradley
Director
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B. Testimonial:
"Richard Bradley has been known to this Office and to myself for more than
fifteen years. Richard Bradley has Directed and Produced seven N.S.W Government
productions for the Government Documentary Division. He has written several
scripts for us. He has always maintained a very high standard of work and has
delivered the completed programs on time and on budget. He has always
maintained an enthusiastic approach to the Projects and has established
excellent working relationships with the Government personnel. Richard's energy
and generosity has always made working with him a rewarding experience."
Edna Wilson
Former Executive Director (1982-2001)
N.S.W Government Documentary
Division.
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C. The Actors:
It can be confirmed that the screenplay has been written and because of the
nature and scope of the film the Production Company will be approached by a
multitude of quality Australian and International Actors. It makes good
artistic and financial policy to have a budget in place prior to final casting
with only a minimum of talent confirmed. A fully financed film enables the
Production Company to negotiate the best possible deals from the widest
selection of available talent.
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Fight Of The Century - REVISED BUDGET
| Budget Summary for Fight of the
Century
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Above the Line Costs |
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A. Story and Script |
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200000 |
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Producers Fees |
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600000 |
B.1 |
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Directors Fees |
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300000 |
2 |
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Principal Artists |
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500000 |
E.1 |
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Total Above the Line Costs |
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1600000 |
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Below the the Line Costs |
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Production Management |
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193716 |
C.1 |
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Production Accountancy |
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96730 |
2 |
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Ass Directors & Continuity |
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79556 |
3 |
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Camera Crew |
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156605 |
4 |
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Sound Crew |
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61000 |
5 |
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Lighting Crew |
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73500 |
6 |
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Grips Crew |
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60200 |
7 |
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Stills Camera Crew |
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18500 |
8 |
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Wardrobe Staff |
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206000 |
9 |
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Make-up & Hairdressers |
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104500 |
10-11 |
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Technical Advisors |
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61000 |
12 |
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Marketing Department |
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411590 |
12 |
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Editing Staff |
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104800 |
14 |
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Miscellaneous Staff |
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44400 |
15 |
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Casting |
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72500 |
16 |
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Overtime Contingency |
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174460 |
17 |
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Holiday Pay & Payroll Tax |
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630700 |
D. |
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Cast- Feature Artists |
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330000 |
E.2 |
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Cast - Supporting |
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375000 |
3 |
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Standins Doubles Stuntmen |
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312000 |
4 |
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Crowd |
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209000 |
5 |
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Music |
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92400 |
F. |
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Wardrobe Costs |
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178700 |
G.1 |
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Make up & Hair Supplies |
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160000 |
2 |
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Construction Materials |
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266700 |
H.1 |
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Props & Set Dressing |
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193850 |
2 |
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Action Props |
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144000 |
3 |
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Livestock |
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26000 |
4 |
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Stage Rental |
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106000 |
5 |
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Locations |
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200000 |
6 |
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Special Effects |
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1000000 |
7 |
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Film & Laboratory Shooting |
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310970 |
I. 1-10 |
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Lab Costs - Post Production |
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318900 |
11-28 |
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Sound - Post Production |
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206730 |
J |
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Camera Equipment |
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183400 |
K.1 |
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Grip Equipment |
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92720 |
2 |
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Lighting Equipment |
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95100 |
3 |
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Sound, Still & Misc Equipment |
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37440 |
4 |
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Rentals & Storage |
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237960 |
L. |
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Travel & Transport |
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283760 |
M. |
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Hotel & Living Expenses |
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270900 |
N. |
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Insurance |
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193000 |
O. |
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Publicity |
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62700 |
P. |
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Office Expenses |
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112600 |
Q. |
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Other Production Costs |
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40200 |
R. |
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Total Below The Line: |
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8783503 |
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Indirect Costs: |
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Finance & Legal |
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378900 |
Y. |
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Overheads |
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146700 |
Z. |
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Total Indirect Costs |
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525600 |
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Cont. - 10% Below The Line |
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878351 |
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Completion Guarantee - 5% BTL |
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439176 |
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Contingency Totals: |
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1317527 |
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Combine totals for Above and |
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Below the Line, Indiect Costs |
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and Contingencies |
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12226630 |
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Brokerage - 7% |
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855865 |
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TOTAL COSTS: |
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13082495 |
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| Production Company - RICHARD BRADLEY
PRODUCTIONS |
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Feature Film Duration 100 Minute |
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Pre Production |
12 Weeks |
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Shoot |
08 Weeks |
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Post Production |
14 Weeks |
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13802 Divisable Shares : TOTAL BUDGET 13,082,000
This is done through the purchase of shares in a partnership arrangement with
all other investors. There are 13083 available shares to be purchased. The
purchase price of each share is AU$1,040. Investment can be done by
purchasing one or multiple shares.
Special notice - 10 Days cooling off period
This offer Document is not registered with Australian Securities Commission in
Australia (ASIC) or any other Regulatory Authority in any other country who
have not vetted or may have any knowledge of the document, neither ASIC or
affiliates take NO RESPONSIBILITY for the contents of this documents or its
use.
The Offer
AUD 1,040 Limited offer: The public offer is
limited to 5 million. This document may contain errors, omissions,
discrepancies or ambiguities common to SME's.
(i) investment in new business carries high risks. It is
highly speculative and before investing in any project about which information
is given, prospective investors are strongly advised to take appropriate
professional advice;
(ii) the information contained in the Publication has been
prepared by or on behalf of the person who is proposing to issue or sell the
securities and neither the Operator nor the Publisher (if any) has undertaken
an independent review of the information contained in the Publication;
(iii) the information contained in the Publication about the
proposed business opportunity and the securities is not intended to be the only
information on which the investment decision is made and is not a substitute
for a disclosure document or any other notice that may be required under the
Corporations Law, as that Law may apply to the investment. Detailed information
may be needed to make an investment decision, for example: accounts; a business
plan; information about ownership of intellectual or industrial property; or
expert opinions including valuations or auditors' reports;
(iv) prospective investors should be aware that no established
market exists for the trading of any securities that may be offered; and
(v) the Publication is subject to Class Order [CO 02/273]
issued under the Corporations Law; AUD1,040 per unit.
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