Mike The Pike Productions (OTC: MIKP) an entertainment company
with a focus in feature films, graphic novels and media holdings,
issues the following update for shareholders in the company in a
continued employment of actions toward increased shareholder value
in line with company growth, including settlement of debt &
liabilities, reduction of authorized and outstanding shares,
finalization of feature films, sales and distribution of feature
films, development of feature film and graphic novel properties.
CEO/Producer, Mark B. Newbauer issues the following report on
behalf of the company:
In Q2, Mike The Pike Productions launched an aggressive program
to reduce debt and liabilities as well as share structure in a
long-term commitment to growth and added-value for its
shareholders.
Material transactions in regards to share structure
include:
May 23, 2012- Nearly 50%Reduction of Authorized Shares from 5b
to 2.586b
June 11, 2012- Reduction of Outstanding Shares by 150,000,000
from 2.586b to 2.436b
June 18, 2012- Reduction of Outstanding Shares by 60,000,000
from 2.436b to 2.376b
June 21, 2012- Reduction of Outstanding Shares by 53,000,000
from 2.376b to 2.323b
June 29, 2012- Reduction of Outstanding Shares by 74,683,347
from 2.323b to 2.249b
June 29, 2012- Reduction of Authorized Shares by 337,683,347
from 2.586b to 2.249b
The company reduced more than 50% of its Authorized Shares and
13.5% of its Outstanding Shares in Q2 with plans for continued
added value therein.
Material transactions in regards to reduction of
debt/liabilities include:
June 1, 2012- Reduction of Current Liabilities by $190,000
June 7, 2012- Reduction of Long-Term Liabilities by $236,834
June 15, 2012- Reduction of Long-Term Liabilities by
$104,000
July 10, 2012- Reduction of Long-Term Liabilities by
$142,077
Total reduction of debt and long-term liabilities since Q1 =
$672,911 resulting in the lowering of debt/liabilities in total
from $1,582,953 to $910,042 with continued plans to reduce debt and
build assets through 2012.
FEATURE FILMS: Effects driven sci-fi thriller, White
Space, (www.enterwhitespace.com) is currently in post-production.
Principal photography took place in Spring/Summer 2011 and
Producers are currently working to ensure the film is completed in
a timely manner toward the best possible sales outcome. Post
Production elements include visual effects, editing, score, color
grading among others.
The team looks to have a trailer and/or sizzle reel completed
for the film by this year’s American Film Market
(www.americanfilmmarket.com) and Producers have already received a
number of unsolicited requests from distributors (domestic and
foreign) with interest in the project. The film stars Holt
McCallany (Gangster Squad, Bullet to the Head) and Zulay Henao
(Takers, Fighting, Hostel III) and is written by Clay McLeod
Chapman, based on a story by Ryan Colucci (The Skin Trade, Harbor
Moon).
The company has also Optioned the rights to the World Fantasy
Award Winning ‘The Skin Trade’ (www.theskintrademovie.com) by New
York Times Bestselling author, George R.R. Martin, the mastermind
behind HBO’s increasingly popular ‘Game of Thrones’. Currently in
script stages, Producers Mark B. Newbauer and Ryan Colucci look to
package The Skin Trade with director and/or cast with at least 2
additional werewolf projects for this year’s American Film
Market.
The company believes both films to have multi-million dollar
sales/distribution potential.
The company is currently in negotiation for film rights to
another book to be announced upon closing.
Mike The Pike Productions recently acquired Saint James Films,
LLC- a movie studio producing highly entertaining genre movies for
the worldwide marketplace. The company is headed by Mike The Pike
CEO, Mark B. Newbauer and sales/distribution veteran and Ted
Chalmers, founder/CEO of genre powerhouse, TomCat Films, LLC
(www.tomcatfilmsllc.com )
In addition to projects acquired in the deal, the company under
new ownership has produced two feature films, ‘Agent Beetle’ and
‘Captain Battle’ (http://saintjamesfilms.com/?cat=17) which have
secured a distribution deal with TomCat and active sales agreements
for foreign territories including Germany, Thailand,
Malaysia/Singapore and Indonesia and expects additional sales to
U.S., Canada, Latin America and other Key Territories. Each film
was produced for under $1m and both have recouped their initial
budgets into net profits via pre-sales agreements.
Saint James Films (www.facebook.com/saintjamesfilms) has
recently begun pre-production on sorority-slasher, ‘Revenge of
Lizzie Borden’ and looks to have the film fully finished by end of
August 2012 to be presented at this year’s AFM alongside the
company’s current slate with announcement of at least two
additional projects this year.
SJF is also in negotiation for distribution rights to Zombie
franchise, Aftermath, the first picture of which is currently in
production.
GRAPHIC NOVELS- Mike The Pike Productions is partnered
with Spoke Lane Entertainment (www.harbor-moon.com) to publish
three books this year including mind-bending thriller ‘R.E.M’.,
fantasy ‘Bulderlyns’ and twisted murder mystery, ‘Chasing Rabbits’.
Spoke Lane’s Ryan Colucci is overseeing the projects and updates on
the books can be found frequently on Colucci’s website
http://ryancolucci.wordpress.com/ or the MTP blog. The books are
aimed at both profitability and source material for feature film
development and/or film rights sales.
Quarterly Report for Q2 is currently underway and the company
aims to file before the deadline of August 15, 2012. The company’s
goal into 2013 is to continually improve the company’s share
structure while reducing debts and increasing revenues toward an
uplist to BB, AMEX or NASDAQ.
If you missed the www.stocktraderstalk.com Radio interview and
you are a shareholder or prospective shareholder of MIKP, it is
highly recommended by company execs that you give a listen as a
companion to what all involved feel will be a game changing year
for the company.
The interview can be reviewed on STT website, Investorshub
Auditorium or on our blog at:
http://blog.mtpprods.com/2012/05/23/werewolves-superheros-and-reduced-authorized-share-count/
About Mike The Pike Productions, Inc..: Mike The Pike
Productions is an entertainment company specializing in feature
films, graphic novels and media acquisitions. Overall, MIKP
projects are ‘Mainstream Independent’, combining a well-structured
vision with top-tier talent; challenging current standards while
maintaining mass appeal. Official Company Website:
www.mtpprods.com
CEO Mark B. Newbauer’s bio on IMDB:
http://www.imdb.com/name/nm1474431/bio
MIKP IMPORTANT SHAREHOLDER LINKS:
- Visit our website at
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
- Subsidiary- Saint James Films, LLC:
www.saintjamesfilms.com
- Saint James Films on Facebook:
www.facebook.com/saintjamesfilms
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Mike The Pike Productions (CE) (USOTC:MIKP)
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Mike The Pike Productions (CE) (USOTC:MIKP)
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