Mike the Pike Productions, Inc. Issues Notice of Default to Advanced Content Services, Inc. for ServeNation Business Model

Mike the Pike Productions, Inc. (Pink Sheets: MIKP) (www.mtpprods.com) announces today that it has submitted a formal notice of default to Advanced Content Services, Inc. (Pink Sheets: ADCS) regarding its proposed acquisition of MTP’s ServeNation early last year.

ServeNation (www.servenation.com) is a prepaid debit card platform in a $300+ billion market, implementing a ‘Give while you Live’ consumer/spending lifestyle that looks to harvest sustainable connection and awareness among consumers, corporations and charitable/non-profit organizations.

The company was to be sold to Advanced Content Services, Inc. under a friendly acquisition agreement which, to date, according to MIKP Board and its consultants, has not been paid for in line with the original agreement, which calls for payment, over time, in a combination of shares in ADCS and cash.

Though the shares have been delivered to MIKP, no cash payments to date have been made, giving MIKP the right, under the Notice of Default, to recall ownership of the ServeNation name, business model and intellectual property therein if agreed upon payment is not made by October 1st, 2011.

Mike The Pike Productions recently completed principle photography on its sci-fi thriller, ‘White Space’, starring Holt McCallany (The Gangster Squad, Bullet to the Head), and is currently in post-production toward worldwide sales agreements. The film is the first on the studio’s slate, which includes ‘The Skin Trade’ based on award winning author George R.R. Martin’s novella by the same name. Martin is the author/creator behind HBO’s Emmy Nominated ‘Game of Thrones’.

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