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Mike The Pike Productions, Inc. Secures $3.75 in Project Finance for Motion Picture Development, Production and Acquisitions

Date : 11/10/2011 @ 8:45AM
Source : Business Wire
Stock : Mike The Pike Productions, Inc. (GM CE) (MIKP)
Quote : 0.0002  0.0 (0.00%) @ 2:05AM
Mike The Pike Productions, Inc. (GM CE) share price Chart

Mike The Pike Productions, Inc. Secures $3.75 in Project Finance for Motion Picture Development, Production and Acquisitions

Mike The Pike Productions, Inc. (GM CE) (USOTC:MIKP)
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Mike the Pike Productions, Inc. (Pink Sheets: MIKP), a production company with a focus in feature films and graphic novels, has secured funding for up to $3.75 million for its projects from a group of private investors, one of which to whom the company recently sold its ServeNation™ (SN) debit card program, including the SN business model, IP, banking relationships and nationwide client database.

“Our company is taking shape in a very big way this year, thanks to our achievements thus far including work on effects driven sci-fi thriller, White Space and development on George R.R. Martin’s werewolf thriller, The Skin Trade,” states MIKP CEO/Producer, Mark B. Newbauer. “To have the buyer take notice of our company’s long-term goals in the form of capital infusion gives us significant leverage in terms of opportunity, advancement and industry position.”

The Financier will engage in an agreement with Mike The Pike Productions in which it will supply the capital to MIKP for project development and production in exchange for an equity percentage of each project in which it agrees to participate.

The Investor has agreed to an initial investment of at least $1,000,000 through 2012, with an additional $2,750,000 contingent upon the Company following an agreed upon budget plan for its projects.

The company returns from the 2011 AFM (www.americanfilmmarket.com) this week with a notable announcement in the coming days.

IMPORTANT SHAREHOLDER LINKS:

Interview with MIKP CEO

White Space on Facebook

George R.R. Martin’s The Skin Trade on Facebook

MIKP on Facebook

MIKP BLOG

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.



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