Las Vegas, NV, October 1, 2013 - (Accesswire) - Mindpix Corporation (MPIX), ("Mindpix" or the "Company"), a technology driven multi-platform media company focused on owning, creating and/or managing multi-media entertainment and sports properties across the globe, today announced that the Company has entered into a settlement agreement with Roxanna Weber, eMax Media, Inc., a Florida corporation; EntertainMax, a Georgia corporation; New Unified Corp., a Florida corporation and the Weber Family Trust regarding a dispute over amounts owed to each party.

Under the settlement agreement, eMac and its affiliates will return approximately 100,000,000 MPIX common shares to be cancelled and returned to the treasury of Mindpix. This is in addition to the 400,000,000 shares returned pursuant to the agreement between the parties in August 2013. Additionally, the amounts owed to eMax and from eMax will be settled so that there are no further obligations between the parties.

Victor Siegel, Chief Executive Officer and President of Mindpix Corporation, stated, "This completes the original settlement the company reached with the parties in August. Reaching this settlement marks another milestone for Mindpix, resulting in the further reduction of our share count. We would like to thank the parties involved for their amicable negotiation efforts throughout this process and wish them success in their endeavors moving forward. We can now focus on moving the company forward and executing on some of the exciting opportunities that we have been developing over the last several months."

About Mindpix Corporation
Mindpix Corporation (MPIX) is a technology driven multi-platform media company focused on owning, creating and/or managing multi-media entertainment and sports properties across the globe. Through a unique eco-system, MPIX provides the critical on-line video technology, production, digital marketing, audience development, payment services, sponsor acquisition, digital and traditional media distribution services to drive revenue for live and VOD (video on demand) events globally.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

For company Contact:
Reina Ziegler
info@mpixcorporation.com
1-800-278-8280

Investor Relations:
Howard Gostfrand
info@amcapventures.com
305.918.7000

SOURCE Mindpix Corporation