Mike The Pike Productions, Inc. Acquires Saint James Films

Mike The Pike Productions (OTC: MIKP) announces today that it has acquired Saint James Films, LLC (www.saintjamesfilms.com) as a wholly owned subsidiary. The deal was signed effective January 23, 2012 and books, records, domains and contracts delivered earlier this week. Saint James Films produces low-budget genre films for the global marketplace that have proven particularly attractive to buyers in international markets. The business model focuses on films with budgets under $1m with potential for significant ROI.

Paramount Pictures recently adopted a similar model: http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/12/paramount-to-launch-microbudget-movie-division.html

Saint James Films (SJF) (www.saintjamesfilms.com) includes a network with extensive experience in production, sales, distribution and investment banking; creating content with longstanding relationships to buyers worldwide and with presence at major film markets around the world, including the AFM, Berlinale and Cannes.

As MIKP (www.mtpprods.com) CEO, Mark B. Newbauer, stated in an earlier release, “The acquisition is a no-brainer in terms of an asset acquisition with active accounts receivables. All of the films produced thus far by the seller have included pre-sales to foreign territories in excess of their original budgets, giving Mike the Pike Productions a proven business model for consistent cash-money revenues.”

Key executives for SJF to be announced in a follow up release soon, as well as logo/website updates and detailed plans for the subsidiary’s achievements and agenda for 2012.

MTP and its partners have currently locked a final rough cut of sci-fi thriller, White Space, and move to scan the picture to digital format, after which visual effects, score and other elements will be finalized toward optimal sales.

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