DENVER, CO -- (Marketwire) -- 01/11/13 -- GRAVITY COLLECTION, INC. (GRAVITY) announced today that it has signed a Special Private Placement Agreement (SPPA) for USD $30,000,000.00 of equity line funding with Lambert Private Equity LLC (LAMBERT).
GRAVITY COLLECTION'S plan in the use of these funds is to expand its national and global reach with key acquisition, programming, distribution and branding.
The funding structure is a 3 year facility. Lambert funds public companies with market capitalizations under $1 billion, as well as private companies that will be listed on a securities exchange within one year of a funding commitment. Lambert will invest in all sectors including infrastructure, manufacturing, construction, mining, communications, healthcare, energy and finance.
GRAVITY COLLECTION'S CEO, Harry S. Vested, Jr.: "This funding agreement with LAMBERT will be instrumental in the expansion of our projects and programming. GRAVITY COLLECTION is excited to partner with Lambert Private Equity as we move forward with our channel and brand. The GCI branded channel and apps will showcase hundreds of hours of top action and outdoor sports programming, as well as live events. This includes originally produced television content, feature films, shorts and clips from the world's best television producers and filmmakers in the action sports genre including surf, snowboard, ski, skateboard, mountain bike, motocross, climbing, and more.
"The GCI channel will offer content producers an industry-leading programming opportunities designed to maximize advertising income for producers worldwide. In addition, television producers and filmmakers will be privy to exclusive options aimed at maximizing reach, visibility and relevancy with consumers, including unlimited multi-platform channels and sub-channels.
"Our GCI channel will not only help television producers, filmmakers and brands maximize their reach, but will also help fans easily discover quality content. Our plan is to build the GCI channel offering globally, and have it feature the largest and best collection of quality action and outdoor sports content available within a single branded action sports channel in the world, as well as multi-platform. No other action sports channel offers fans this much variety or offers brands such extensive and comprehensive marketing options. What makes GCI different from other companies is our ability to create high quality original content, live events and market the GCI brand under ongoing national marketing campaigns to maximize reach and attract viewership, and provide our media management and search optimization expertise. This is unique in the action sports space."
GRAVITY COLLECTION, INC., (GRAVITY), is a leader in action and outdoor sports television and film programming, across the broadest and most advanced platforms available to the genre. GCI already distributes packaged media to over 2.6 billion eyeballs and retailers worldwide; holds contracts to air films across a variety of channel distribution outlets and digital multi-platforms; provides television, video-on-demand content.
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