SOURCE: Cre8tive Works, Inc.

Cre8tive Works, Inc.

March 01, 2016 08:10 ET

Cre8tive Works Plans to Acquire Hotel Property

MIAMI BEACH, FL--(Marketwired - Mar 1, 2016) - Cre8tive Works, Inc. ("Cre8tive") (OTC PINK: FILM) announces the expansion of a business plan to incorporate supporting businesses to the film studios. Cre8tive is actively seeking the acquisition of, or operational license on a 200-300 room hotel facility in the surrounding area of the planned film studio facilities in the United States Commonwealth of the Northern Marianas Islands (CNMI) to be used as a boutique hotel facility. It will be necessary to have a lodging base for film and media personnel as they come to Saipan to utilize the facilities for their film projects. The US Commonwealth currently is experiencing a lack of operating and available hotel rooms to accommodate their increasing numbers of tourists, mostly out of Asia, but does have a number of facilities that are available turn-key or for refurbishment. Cre8tive has begun interviewing a number of Venture Capital firms to assist with non-dilutive funding for this type of project, separate from the planned film studios. 

Cre8tive has already identified viable facilities to be transformed into soundstages while working directly with a local real estate company, Marianas Living, while in Saipan and is actively considering various unique non-dilutive financing tools for these types of real estate acquisitions. 

The US Commonwealth of the Northern Marianas Islands, along with Puerto Rico, are insular areas of the United States and considered the only two United States territories with "commonwealth" status. https://goo.gl/qHGKvU 

Saipan, the island capital of the US Commonwealth of the Northern Mariana Islands and was recently portrayed on the HGTV show "Beachfront Bargain Hunt." http://goo.gl/WPgXhm 

About Cre8tive Works, Inc.

Cre8tive Works specializes in the financing of production ready, independent films that have great potential for financial success. The Company's mission is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return. Cre8tive Works intends to focus on various countries that comprise the Asian film market.  

Forward Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Cre8tive Works, Inc.'s filings with OTC Markets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.  

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.   

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