Mike The Pike Productions, Inc. Enters Discussions to Acquire Film Company with Library of Movies with Active Sales Contracts

Date : 12/21/2011 @ 1:27PM
Source : Business Wire
Stock : Mike The Pike Productions, Inc. (GM) (MIKP)
Quote : 0.0001  0.0 (0.00%) @ 2:05AM
Mike The Pike Productions, Inc. (GM) share price Chart

Mike The Pike Productions, Inc. Enters Discussions to Acquire Film Company with Library of Movies with Active Sales Contracts

Mike The Pike Productions, Inc. (GM) (USOTC:MIKP)
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Mike the Pike Productions, Inc. (Pink Sheets: MIKP) has entered discussions to acquire a film company and its library as a wholly-owned subsidiary. The company produces low-budget genre films for the global marketplace that have proven particularly attractive to buyers in international markets.

The company’s founders have extensive experience creating content with longstanding relationships to buyers worldwide and presence at most major film markets including the AFM, Berlinale and Cannes.

MIKP CEO, Mark B. Newbauer states, “This is a tremendous opportunity for us; one of many notable relationships secured in attendance at this year’s American Film Market. I am confident we can proceed toward collective benefit and, as a result, MIKP will have taken on a company that produces 5-6 low budget films per year for immediate assets on the books and a potential revenue stream like never before.”

He continues, “This allows the company to focus on post-production for its effects-driven sci-fi thriller White Space and development of the werewolf thriller, George R.R. Martin’s The Skin Trade, while at the same time bringing in a consistent flow of product and revenues all the while, year after year.”

MIKP is currently underway with actions in hopes of restoring DTC eligibility. According to DTC, the next step is to identify a member firm that will advocate on behalf of MIKP toward reinstatement. “We have identified a handful of parties that may be able to help with this. Quoted time frames for success are anywhere between 30 days to 6 months. Until then, it has been brought to our attention that E-Trade platform may be a good choice for buyers,” states Newbauer.

More news to come as the company enters into the New Year. MTP wishes everyone a Joyful holiday season with peace, happiness, health, wealth and success.

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