UPDATE: Mindpix Corp. Announces the Addition of Two Additional Concert Tours for the New Gospel Entertainment Joint Venture
May 30 2014 - 12:48PM
Marketwired
UPDATE: Mindpix Corporation Announces the Addition of Two
Additional Concert Tours for the New Gospel Entertainment Joint
Venture
MPIX in Partnership With Out East Entertainment Expands the New
Gospel Entertainment Properties With the Creation of Two Additional
Concert Tours in Late Fall 2014 and Spring 2015
MIAMI BEACH, FL--(Marketwired - May 30, 2014) - Mindpix
Corporation (PINKSHEETS: MPIX) (OTC Pink: MPIX) ("Mindpix" or the
"Company"), is pleased to announce that New Gospel Entertainment
("NGE") an MPIX majority owned venture with Out East Entertainment
will be adding 2 more national multi-media Gospel tours to its
current portfolio. In addition to the previously announced Bridge
to Believe tour, NGE is developing a late Fall 2014 Tour with
Yolanda Adams and a Spring 2015 Tour with Vashawn Mitchell and
Tasha Cobb.
NGE was created to leverage the growing influence of the gospel
faith-based market, which is projected to have a spending power of
$1.7 trillion by 2017. The goal of the joint venture is to create
an ongoing series of live concert events and original content
programs for multi-media broadcast and distribution. The tours and
all properties under the NGE umbrella will generate revenue through
traditional ticket sales, merchandising, sponsorships and
advertising as well as through new media streaming/VOD events and
social media driven ancillary revenue opportunities. NGE events and
content will appeal to a core multigenerational audience that
values strong family connections and is extremely loyal to brands
that are active in their community.
The first concert tour announced by New Gospel Entertainment for
the September and October of 2014 is "Bridge to Believe", is a
22-city US tour with Multi-Grammy Award winning artist Bishop
Hezekiah Walker, Tye Tribbet and Stellar Award winning artist
Vashawn Mitchel. The tour concerts will be held in some of the
nation's largest (5000 seat) mega-churches in the following
cities:
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Dallas |
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Nashville |
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Pittsburgh |
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Houston |
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Charlotte |
Cincinnati |
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New
Orleans |
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Columbia |
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Detroit |
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Miami |
Chicago |
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Jacksonville |
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Ft.
Washington |
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Indianapolis |
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Atlanta |
St.
Louis |
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Philadelphia |
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Birmingham |
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Trenton |
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Memphis |
Jamaica |
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Raleigh Durham |
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The three tours are projected to generate NGE in excess of $10
million in gross aggregate revenue starting in Q3 2014 through Q2
2015. In addition to producing the tour, NGE will create original
broadcast media content for multi-media distribution. This will be
a combination of long format concerts as well as individual songs
and special behind the scenes looks and personal interviews with
key opinion leaders and artists. These media assets will be
utilized to generate additional digital advertising revenue as well
as streaming and video on demand (VOD) purchases for both concerts
and short form content.
Steven Marrs, OEE President & Co-Managing Partner of NGE
states. "We've always envisioned NGE as home to multiple events and
media properties, traditional and digital, addressing this large
untapped market. The model of combining live events with the
creation of original content is a win-win strategy for our artists
and sponsor partners. . This opportunity to create and distribute
new compelling original content experiences is greatly expanded by
the new digital strategy that MPIX is employing. We truly look
forward to growing these franchise banded properties well into the
future."
"Steven and I could not be more pleased with the progress of NGE
and the recent very positive developments. Out East Entertainment's
extraordinary relationships within the faith-based marketplace have
allowed the development of these first three tours as well as a
host on original content opportunities to monetize with sponsors
and direct offerings to an expanded global audience through paid
streaming and VOD distribution," said Victor Siegel, CEO of Mindpix
and Co-Managing Partner of NGE. "As we roll-out each tour, the
social media relationships we are developing will be major assets
to market new offerings and reach this audience directly in the
future. Each year and with each and every event produced this
social community and database grows with MPIX capturing social
media information and analytical metrics. This joint venture is an
exceptional example how MPIX will combine both of its divisions,
MPIX Media Services™ and Mindpix Presents™ to create long term
capital assets and recurring revenue streams for the future. As
always MPIX is completely focused on generating top line revenue
and long term shareholder value."
About Mindpix Corporation Mindpix Corporation (PINKSHEETS: MPIX)
(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