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Stocktamer
Posted On: 03/16/2012 11:07:19 AM
Post# of 1842
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Posted By: Roger Wilco


































Mike The Pike Productions, Inc. Acquires Saint James Films


Date : 03/15/2012 @ 1:56PM
Source : Business Wire
Stock : Mike The Pike Productions (MIKP)
Quote : 0.0003  0.0 (0.00%) @ 8:10AM















Mike The Pike Productions, Inc. Acquires Saint James Films





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Mike The Pike Prods (PC) (USOTC:MIKP)
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Today : Friday 16 March 2012


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Mike The Pike Productions (OTC: MIKP) announces today that it has acquired Saint James Films, LLC ( www.saintjamesfilms.com ) as a wholly owned subsidiary. The deal was signed effective January 23, 2012 and books, records, domains and contracts delivered earlier this week. Saint James Films produces low-budget genre films for the global marketplace that have proven particularly attractive to buyers in international markets. The business model focuses on films with budgets under $1m with potential for significant ROI.


Paramount Pictures recently adopted a similar model: http://latimesblogs.latimes.com/entertainment...ision.html


Saint James Films (SJF) ( www.saintjamesfilms.com ) includes a network with 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.


As MIKP ( www.mtpprods.com ) CEO, Mark B. Newbauer, stated in an earlier release, “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.”


Key executives for SJF to be announced in a follow up release soon, as well as logo/website updates and detailed plans for the subsidiary’s achievements and agenda for 2012.


MTP and its partners have currently locked a final rough cut of sci-fi thriller, White Space, and move to scan the picture to digital format, after which visual effects, score and other elements will be finalized toward optimal sales.


IMPORTANT SHAREHOLDER LINKS:



  • Visit our blog on www.mtpprods.com

  • MTP Facebook: www.facebook.com/MTPfb

  • White Space official website: www.enterwhitespace.com

  • White Space Facebook: www.facebook.com/enterwhitespace.com

  • George R.R. Martin’s The Skin Trade: www.theskintrademovie.com

  • GRRM The Skin Trade Facebook: www.facebook.com/BlackstoneManor



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