$MDNT HOLLYWOOD, CA--(Marketwired - Apr 24, 2013
Post# of 3566
Posted On: 04/24/2013 2:45:20 PM
$MDNT HOLLYWOOD, CA--(Marketwired - Apr 24, 2013) - Medient Studios, Inc. (OTCQB: MDNT) today announced strong revenues for 2012, and issued a shareholders letter as part of the Company's Annual Report.
For the year ending December 31, 2012, the Company recognized $3,267,485 in revenue, resulting from the release of its horror genre film Storage 24. In addition, long term liabilities were significantly reduced in the fourth quarter of 2012, and the first quarter of 2013, resulting in a improved stronger balance sheet.
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