Mike The Pike Productions, Inc. Finalizes Terms to Acquire Profitable Film Production Company with Active Worldwide Revenue S...

Date : 01/09/2012 @ 11:30AM
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. Finalizes Terms to Acquire Profitable Film Production Company with Active Worldwide Revenue S...

Mike The Pike Productions, Inc. (GM) (USOTC:MIKP)
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Mike the Pike Productions, Inc. (Pink Sheets: MIKP) has signed off on final terms to acquire a film company and its library of feature films as a wholly owned subsidiary. The seller 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 in production, sales, distribution and investment banking; creating content with longstanding relationships to buyers worldwide and with presence at major film markets around the world, including the AFM, Berlinale and Cannes.

MIKP CEO, Mark B. Newbauer states, “The acquisition is a no-brainer in terms of an asset acquisition with active accounts receivables. All of the films produced thus far by the seller have included pre-sales to foreign territories in excess of their original budgets, giving Mike the Pike Productions a proven business model for consistent cash-money revenues.”

Mike The Pike expects to sign the final Sale and Purchase Agreement in the coming days at which point the company and its executives, properties, etc. will be announced.

Meanwhile, MTP works to complete post-production for its effects-driven sci-fi thriller White Space and packaging its werewolf mystery/thriller, George R.R. Martin’s The Skin Trade.

As well, MIKP has secured www.dtcchill.com to work on its behalf to restore DTC eligibility, expanding its availability to prospective shareholders. E-Trade, among several others, is currently accepting purchase of MIKP.

Want more than press? Check out the MIKP BLOG

  • LIKE MIKE THE PIKE: MIKP on Facebook
  • Enter White Space

'Like' and 'Share' if you Dare: GEORGE R.R. MARTIN'S THE SKIN TRADE on Facebook …based on the novella by the New York Times Bestselling author behind HBO’s Game of Thrones

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