QualityStocks would like to highlight Medient Studios, Inc.(
OTCBB: MDNT). The company produces and distributes movies in India and North America. Led by a proven and stable management team with a combined 150 years of experience in the production and/or financing of over 250 films, Medient is focused upon minimizing project risk and generating strong returns for investors by aggressively optimizing the use of subsidy structures, tax benefits, and other incentives to reduce the cost production costs, thereby increasing profit potential.
In the company’s news,
Medient Studios has entered into an initial non-binding Memorandum of Understanding with Prime Focus Limited under which the two companies will execute a joint-venture agreement for the provision of various assets and services by Prime Focus to Medient.
Per the agreement, Prime Focus, a global visual entertainment services group that provides creative and technical services to the film, broadcast, and advertising market, will contribute production and post-production equipment, work flow technologies, and skill transfer for Medient’s megastudio project.
Manu Kumaran, chairman and CEO of Medient estimates the deal to be worth more than $40 million and includes cameras, lighting gear, offline and online editing, complete film and video transfer services, 3D animation, on-set supervision, and more.
This provision is in line with the initial $90 million Medient plans to invest in the 1,500 acre site in Effingham, Georgia, where Medient will develop movie studios, an entertainment facility, and campus.
“This is the next level of firming up a very special relationship that has spanned the lifetime of Medient. Prime Focus has been a great partner of Medient and we are happy and proud that the relationship is progressing further,” Kumaran stated in the press release.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit
www.QualityStocks.com
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Forward-Looking Statement:
This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
