Atlas to Partner With Medient in Movie Slate

Marketwired

HOLLYWOOD, CA--(Marketwired - May 29, 2013) - Medient Studios, Inc. (OTCQB: MDNT) today announced that Atlas International Film GmbH ('Atlas') and Medient Studios, Inc. ('Medient') have entered into a Memorandum of Understanding ('MOU') under which Atlas will act as sales agent for Medient's initial slate of movies.

Under the terms of the MOU, Germany-based Atlas will provide up to $30 million as a sales advance to form part of the financing of the movies in the slate. Medient's output is expected to reach 8 - 12 movies annually with budgets ranging from $2Million to $40Million.

Founded in 1967 by the Menz family, Atlas' core business is the worldwide licensing of feature films, series and documentaries for all media. The Menz family also owns American Atlas International Films Inc. and the production companies Atlas Film & TV Production GmbH and Menz & Friends GmbH.

Philipp Menz, President of Atlas, stated, "This MOU consolidates our relationship with Medient with whom we already enjoy an excellent understanding. Further, it will add a consistent flow of quality movies to the extensive product that we already exploit."

Medient's Chairman and CEO Mr. Manu Kumaran stated, "Atlas has a long and proud history of marketing and selling movies and we are delighted that it shares our vision. The formalization of this relationship is one step further in creating the circle of strategic alliances to realize the mega-studio complex in Effingham, GA."

About Atlas

Atlas (www.atlasfilm.com) represents more than 100 individual producers from all over the world. In the years since it was founded, Atlas has made more than 12,000 license agreements with clients globally. All contracts, availabilities, payments and materials are handled by a specialized computer software, developed and programmed by Stefan Menz. From sales and marketing to servicing and deliveries, all aspects of international program sales are handled by in-house specialists. This has given Atlas the flexibility and fast response demanded by today's competitive market.

About Medient

Medient (www.medient.com) is a publicly listed company (OTCQB: MDNT). It is a global film production and distribution company with a strong presence in the world's two largest movie markets -- North America 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 in excess of 250 movies. To date, approximately 14 movies, two music acts and several hundred live performance shows have been produced under the Medient banner. The company is in the process of significantly scaling up its operations, including its planned entry into the electronic games sector.

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.

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