VANCOUVER, Nov. 1, 2018 /CNW/ - Thunderbird Entertainment Group Inc. (formerly, Golden Secret Ventures Ltd.) (TSXV:TBRD) ("Thunderbird" or the "Company"), a fast growing global entertainment company with offices in Los Angeles, London, Vancouver, Ottawa and Toronto, is pleased to announce the commencement of trading in the Company's common shares on the TSX Venture Exchange under the ticker symbol "TBRD" effective at the open on November 2, 2018.
"Taking Thunderbird public allows the Company to continue to build our reputation and accelerate our growth strategy of creating quality content that has both national and international reach," said Jennifer Twiner McCarron, Chief Executive Officer and Director. "We are delighted the world will be able to invest in Thunderbird, our talent and our expanding content library."
Thunderbird was founded in 2003 by entertainment entrepreneur Tim Gamble and has grown organically and through acquisitions to become a multi-platform media production, distribution and rights management company, with over 600 personnel in offices in Vancouver, Toronto, Los Angeles, London and most recently, Ottawa. The Company develops, produces and distributes animated, factual and scripted content through its various divisions, including Atomic Cartoons, Great Pacific Television, Thunderbird Productions and Thunderbird Releasing Limited.
Thunderbird is focused on producing high-quality, socially-responsible content that aims to make the world a better place.
Key to Thunderbird's long-term growth strategy is the continued expansion of its library of owned content and the commercialization of that intellectual property. The Company owns a library of content in excess of 600 hours, and currently has 16 shows in production (including both owned IP and service projects) with total production budgets well in excess of $100 million. Recent projects include the animated Netflix original series Beat Bugs, featuring reimagined songs from the Beatles' catalogue sung by some of the biggest recording artists of today; the thrilling sequel to the cult classic Blade Runner, Blade Runner 2049; Discovery Channel's popular Highway Thru Hell series depicting the toughest men in the towing business facing off against Mother Nature; and top rated Canadian TV sitcom, Kim's Convenience.
"There are very few high-level quality content producers trusted by companies like Netflix, Amazon, CBC and Discovery Channel. We have worked hard to be one of them," Ms. Twiner McCarron added. Thunderbird customers and partners also include National Geographic, TLC, YouTube, Facebook, ITV, ABC, Animal Planet, HGTV, W Network, APTN, and others.
The Company's management team is led by Ms. Twiner McCarron, who also serves as CEO of Atomic Cartoons and was instrumental in the rapid growth of Atomic, including the production of Beat Bugs. She is supported by a deeply experienced management team, including longtime television producer Mark Miller who is President and a Director of the Company.
The Company's board of directors consists of business and entertainment industry leaders, including Frank Giustra, who founded Lionsgate Entertainment in 1997; Francesco Aquilini, owner of the NHL's Vancouver Canucks; Frank Holmes, CEO of US Global Investors; and Brian Paes-Braga, founder and former CEO of Lithium-X Energy. Ivan Fecan, Thunderbird's Executive Chairman, is the former CEO and President of CTVglobemedia. Founder and Vice-Chair Tim Gamble, and businessmen Azim Jamal and Paul Sparkes, as well as Mr. Miller and Ms. Twiner McCarron round out the board.
Thunderbird is fully financed with a solid balance sheet, strong banking relationships and over $10,000,000 in working capital to fund future growth. In the near term, the Company intends to seek out unique and compelling intellectual property for exploitation and to expand its production capacity to meet building demand. At the same time, the Company will continue to assess strategic M&A opportunities.
The Company has 46,429,263 Post-Consolidation Shares issued and outstanding (51,781,146 Post-Consolidation Shares on a fully diluted basis).
For further information on Thunderbird and to subscribe to the Company's investor list for news updates, go to www.thunderbird.tv.
About Thunderbird Entertainment Group Inc.
Thunderbird Entertainment Group is a rapidly growing Vancouver-based multiplatform entertainment company with offices in Vancouver, Los Angeles, Toronto, Ottawa and London. Thunderbird creates award-winning scripted, unscripted and animated programming for the world's leading digital platforms, as well as Canadian and International broadcasters. Thunderbird's vision is to produce high quality, socially responsible content that makes the world a better place.
On Behalf of Thunderbird Entertainment Group Inc.
Director and Vice-Chair
The TSX-V has in no way passed upon the merits of the Arrangement and has neither approved nor disapproved the contents of this press release. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's objectives, goals or future plans and the business and operations of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company's Filing Statement and other public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Thunderbird Entertainment Group Inc.