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London, England (PRWEB) December 03, 2012
Superior Venture Corp. ("Superior" or the Company) (OTCQB:SVEN) has offered equity development financing and 20 percent equity production financing to the four winning pitches at the first annual China/Canada Script Competition held at the Whistler Film Festival on November 29, 2012 in Whistler, Canada.
According to Company president Brian Hammond, "We will know for certain in the next few days which projects will accept our financing and which ones will be financed totally by their Chinese partner. Ultimately, the four winning scripts will be financed to an aggregate production budget of up to US $16 million as a result of our efforts."
The competition, organized by Jane Milner, brought together executives from four Chinese film studios and twelve Canadian writer/producer teams in an all day pitching frenzy.
As Milner pointed out, "None of this would have been possible without Ilustrato. They used their connections to convince the four Chinese companies to participate and they used their experience to help set the parameters for choosing the Canadian pitch teams. The fact that seven of the twelve projects received financing offers is a pretty good indication of their knowledge of the Chinese marketplace."