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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 15, 1920
Page
9
The Motion Picture Producing Company of America reports six months of operation in Staten Island with Sammy Burns leading the King Cole Comedies. Over 10,000 feet of film shot aiming for monthly releases, distribution talks in progress, and a preferred stock bonus issue scheduled for January 26, 1920, with a January 19 deadline for purchase.
STEREOSPEED PRODUCTIONS INC with 51 percent owned by Motion Picture Producing Company of America reports a perfected High Speed Camera. Under Earle Emlay supervision filming occurs in Jacksonville Palm Beach and Miami Beach. The camera records up to 384 frames per second enabling dissected motion when projected. A shop for manufacture is ready and demand grows.
The Motion Picture Producing Company of America, Delaware chartered with 590000 capital, 90000 preferred and 410000 common shares, fully paid. Common stock placed in a five year trust. Plans a modern studio at Brooklyn and a leased Beaver Film Studio on Staten Island. Key staff include Karl H. Hopkins, Bammy Byrne, Leonard Smith, Ernest Powell, Marion Warner, Pierre Colosse, Bob Maxmillian, Lillian Beck, Theo Brown and others. Walter L. Johnson as President, James L. Givan as VP and Sales Manager, H. Hopkins as Secretary-Treasurer, HarIid Emlay as director. aims to produce King Cole Comedies and feature films with advanced equipment and high speed camera development.
After financing via sale of voting trust stock at two dollars per share and the release of the King Cole Comedies, the company plans to list outstanding voting trust certificates of stock on the New York Curb. The market is expected to rise with company progress, mirroring the Famous Players-Lasky listing. Previous curs at Famous Players-Lasky soared from sixteen to one hundred nineteen dollars in seven months, yielding millions from speculation.
Public pitch outlining a moderately capitalized company with actual production under way. Claims fifth largest in the world by business, top profit percentage, and a projected first year net earnings of at least 350000. Describes experienced directors, staff, and assets, with plans expecting earnings to grow many times current capitalization and favorable stockholder terms.
Limited stock remains at $2.00 a share. Decide now how many shares you can afford and send payment today with the order blank or letter. If dissatisfied within ten days, we promptly refund every cent. Liberty Bonds not accepted. Established 1918 398 Fifth Avenue New York City.
The Motion Picture Producing Company of America projects earnings from its King Cole Comedies at least 250000 annually, about 60 percent of capitalization, with higher returns expected after the first year. Stereospeed gear and high speed analyses boost potential profits from industrial, educational, and government clients, while distribution plans and theater expansion promise liberal dividends as bankers and majors back the booming industry.
An offer to sell the remaining 190,000 shares at 2.00 each subject to withdrawal. Buyers receive one preferred stock share for every five voting trust certificates. Closing date is January 19 1920 with postmarked envelopes accepted by midnight. Remittances are entered by receipt order and refund if oversubscribed.
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