Mike the Pike Productions, Inc. (Pink Sheets: MIKP) (www.mtpprods.com) announced today that the Company has seen a substantial amount of growth in their feature film division over the last year. In another unique program to benefit shareholders, MTP’s management is instituting an ongoing dividend to shareholders that will pay shareholders on a continual basis. Details of the dividend program will be announced early next week.
“From a slate of projects in development, to completion on the sci-fi thriller, ‘White Space’ with revenue potential in excess of $60M, development on George R.R. Martin’s The Skin Trade, and properties which have yet to be announced, it’s been a very fruitful year thus far for us in terms of advancement and accountability in line with an actionable plan,” stated MTP CEO Mark B. Newbauer.
The Company is also expecting significant overall growth in the coming year as a result. MTP is using this substantial growth and momentum to open avenues in film development that were not present until recently and as a way to boost shareholder value.
“With regard to the dividend, this is something we are absolutely going to do. Our shareholders deserve to share in the success the film division is having and expected successes of the future,” said Newbauer. “We have actually been discussing a dividend for shareholders with regard to ROI on our films, but now we believe that a near-term dividend program toward a long-term commitment for growth, in both the company and its stock, is the best way to go.”
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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.