Mike The Pike Productions, Inc. Secures $3.75 in Project Finance for Motion Picture Development, Production and Acquisitions
10 11월 2011 - 10:45PM
Business Wire
Mike the Pike Productions, Inc. (Pink Sheets: MIKP), a
production company with a focus in feature films and graphic
novels, has secured funding for up to $3.75 million for its
projects from a group of private investors, one of which to whom
the company recently sold its ServeNation™ (SN) debit card program,
including the SN business model, IP, banking relationships and
nationwide client database.
“Our company is taking shape in a very big way this year, thanks
to our achievements thus far including work on effects driven
sci-fi thriller, White Space and development on George R.R.
Martin’s werewolf thriller, The Skin Trade,” states MIKP
CEO/Producer, Mark B. Newbauer. “To have the buyer take notice of
our company’s long-term goals in the form of capital infusion gives
us significant leverage in terms of opportunity, advancement and
industry position.”
The Financier will engage in an agreement with Mike The Pike
Productions in which it will supply the capital to MIKP for project
development and production in exchange for an equity percentage of
each project in which it agrees to participate.
The Investor has agreed to an initial investment of at least
$1,000,000 through 2012, with an additional $2,750,000 contingent
upon the Company following an agreed upon budget plan for its
projects.
The company returns from the 2011 AFM
(www.americanfilmmarket.com) this week with a notable announcement
in the coming days.
IMPORTANT SHAREHOLDER LINKS:
Interview with MIKP CEO
White Space on Facebook
George R.R. Martin’s The Skin Trade on Facebook
MIKP on Facebook
MIKP BLOG
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
Mike The Pike Productions (CE) (USOTC:MIKP)
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