Charles Koppelman Assumes Leadership of Medient Board
June 12 2014 - 4:00PM
Marketwired
Charles Koppelman Assumes Leadership of Medient Board
EFFINGHAM COUNTY, GA--(Marketwired - Jun 12, 2014) - Medient
Studios, Inc. (PINKSHEETS: MDNT) today announced that current board
member, Charles Koppelman, has been appointed Chairman of the Board
of Directors of Medient Studios, Inc. Manu Kumaran has been
terminated as the Company's CEO, effective immediately, and has
been replaced by Jake Shapiro.
Charles Koppelman is a leading brand building figure in the
entertainment industry. Koppelman served as CEO and Chairman of
Martha Stewart Living Omnimedia, Chairman of Steve Madden and
Chairman and CEO of EMI Records. Currently he is a member of the
Board of Directors of Six Flags Entertainment Corp., a director of
the Las Vegas Sands Corp., as well as the Chairman and CEO of CAK
Entertainment Inc., a brand development firm that provides advisory
work for artists including, but not limited to, Jennifer Lopez,
Marc Anthony, Nicki Minaj and Adam Levine.
Mr. Shapiro helped found several technology and commercial
product companies and has helped structure and/or finance companies
in Asia, South America, Australia, Western Europe, Eastern Europe,
and North America. Mr. Shapiro is also a former Principal and Vice
President at M.H. Meyerson & Company, where he served as a
Senior Equities Trader, specializing in domestic arbitrage, and
servicing clients such as Goldman Sachs, Lehman Brothers, and
Deutsche Bank. Mr. Shapiro graduated with Honors from Rutgers
University, where he received his Bachelor and Master of Business
Administration.
"Medient has redefined long-standing paradigms with its unique
and cost effective approach to media production," said Koppelman.
"It is the beginning of a new era for Medient and we are focused on
execution, corporate governance, and above all driving shareholder
value. I look forward to working closely with Jake Shapiro and
supporting Savannah's growing status as a center of influence
within the media industry.
About Medient
Medient Studios, Inc. (PINKSHEETS: MDNT) ('Medient')
(www.medient.com) is an entertainment content creation company with
a strong presence in North America, Europe and India. Medient's
management team has approximately 150 years of experience in the
motion picture industry and is responsible for producing and/or
financing over 250 movies. Medient is realigning the content
creation process to enable efficiencies of scale and eliminate
process waste by building a fully integrated movie and electronic
game production facility as part of its Studioplex on a 1,560-acre
property in Effingham County, Georgia. Once operational this
production facility will be the largest of its kind in the United
States.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995
provides a "safe harbor" for forward-looking statements. Certain
information included in this press release contains statements that
are forward-looking, such as statements related to the future
anticipated direction of the industry, plans for future expansion,
various business development activities, planned or required
capital expenditures, future funding sources, anticipated sales
growth, and potential contracts. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by, or on behalf of, the company. These risks and
uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing
management, financing activities, domestic and global economic
conditions, and other risks and uncertainties described in the
Company's periodic filings with the Securities and Exchange
Commission.
Contact: Crescendo Communications, LLC Phone: +1 (212) 671-1020
Ext. 304 Email: mdnt@crescendo-ir.com
http://www.crescendo-ir.com/