Mindpix Corporation Announces New Joint Venture Development Agreement With KM Productions
April 23 2014 - 8:15AM
Marketwired
Mindpix Corporation Announces New Joint Venture Development
Agreement With KM Productions
Development for Destination and Attraction Based Large Format 3D
Films in China and a Slate of Films for North America to Explore
the Emerging Digital First Direct to Consumer Business Model as
Well as the Expanding Worldwide Markets for Feature Films
MIAMI BEACH, FL--(Marketwired - Apr 23, 2014) - Mindpix
Corporation (OTC Pink: MPIX) (PINKSHEETS: MPIX) ("Mindpix" or the
"Company"), a technology driven media services and entertainment
company focused on owning, creating or managing multi-platform
music/entertainment, sports and U.S. Hispanic media properties,
today is pleased to announce that they have entered into an
agreement with KM Productions for the development and production of
a slate of original films for North America, China and
international distribution as well as the development of related
destination theaters at major Chinese tourist locations.
MPIX Presents has been exploring a "Digital First" pay for view
model for new release films utilizing its technology and
distribution platform created for live and video on demand events.
This joint venture with KM Productions will have a dual focus on
large format 3D films and destination theaters in China covering
specific historical and geographic topics, and original films for
digital and traditional distribution in the United States as well
as foreign territories worldwide.
KM Productions is the production shingle for Kieth Merrill. Mr.
Merrill is a writer, producer and director, a two-time Academy
Award nominee and winner of an Academy Award. He is a member of the
Academy of Motion Picture Arts and Sciences and Director's Guild of
America. Merrill is one of the leading producers of large format
films. His accomplishments include over 30 films and 11 major IMAX
films, among them, Grand Canyon, Amazon, Yellowstone and Olympic
Glory to name a few. Amazon was nominated for an Academy Award in
2000. KM Productions has a relationship with IMAX Corporation as
well as D3D Cinema Technology for the China projects in
development. IMAX is the world's leader of large format 3D. D3D is
the innovator of break-through technologies for large screen
theaters with their proprietary 4K 3D laser systems.
Large format 3D films are ideal for showcasing the rich history
and texture of major tourist destinations. MPIX has engaged new
relationships in China to capitalize on the tremendous potential
and growth in the China entertainment marketplace. MPIX has begun
negotiations with major tourist destinations for the creation of
large format 3D films as well as related theater destinations. The
destination business model is similar to the existing IMAX Theater
at the Grand Canyon, which Mr. Merrill conceived and developed, and
for which he produced and directed, Grand Canyon The Hidden Secrets
that has generated over $500 million in revenues since opening.
Commenting on the agreement between KM Productions and Mindpix,
Kieth Merrill stated, "I've been looking for an innovative and
vertically integrated partner to help me develop my extensive
library of film IP and leverage my experience in getting our best
projects produced for the rapidly changing global digital
landscape. I am delighted to have found that partner in Victor
Siegel and his talented team at Mindpix. Combining their existing
film and international relationships with MPIX's advanced technical
platform for direct to consumer pay for view ticketing and
distribution will greatly enhance our efforts both from a timing,
creative and revenue enhancing perspective going forward."
Victor Siegel stated, "We announced the formation of Mindpix
Presents in December 2012, and have been working hard to realize
our vision of direct equity based partnerships with exceptional
media properties and partners that leverage our existing technology
and staff infrastructure. In Kieth and KM Production we have found
that perfect partner. Kieth Merrill is an Academy Award Winning
Director and in my opinion one of the industry's finest producers
of large format films, and I could not be more pleased to rollout
Mindpix Presents' efforts in conjunction with him. He and I have
been talking about this for quite some time and I'm looking forward
to working closely with Kieth on both our China initiative in 3D
large formats films as well as the full development and production
of the library of IP and slate of films and truly pioneering
digital distribution for films domestically and
internationally."
Mr. Siegel further added, "Having our two businesses divisions
under the Mindpix mantel, Mindpix Media Services and Mindpix
Presents, allows the Company to fully leverage our technology and
human capital, creating 2 revenue streams. Mindpix Media Services
and Mindpix Presents put us in a very unique growth position as we
are continuing to aggressively roll out our products and services.
Where Mindpix Media Services is more focused on immediate revenue
opportunities and aggressive customer acquisition activities,
Mindpix Presents takes a longer-term view on value creation and
building intellectual property assets. We believe the equity stakes
under Mindpix Presents will add substantial value for the company
and our shareholders. These are long term capital asset projects
where our goal is to create recurring revenue streams from both
digital and in theater distribution. We look forward to working
with Kieth and his team in this new and expanded relationship."
About Mindpix Corporation Mindpix Corporation (OTC Pink: MPIX)
is a technology driven multi-platform media company focused on
owning, creating and/or managing multi-media entertainment and
sports and US Hispanic media 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.
MPIX disclosure and financial information is published on OTC
Markets and can be found at the following site:
http://www.otcmarkets.com/stock/MPIX/filings/
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
Investor Relations: Howard Gostfrand info@amcapventures.com
305.918.7000