Medient Announces Activity Guidance Estimates
EFFINGHAM COUNTY, GA--(Marketwired - Mar 31, 2014) - Medient Studios (OTCQB: MDNT) today announced its Activity Guidance Estimates for the remainder of 2014.
The calendar is as follows:
Announcement of Production 16 | April | |
Finalization of Technology Partnerships for the Studioplex | April | |
Commencement of Construction of Studioplex Phase I | May | |
Announcement of Release date for Yellow | May | |
Announcement of Production Services Agreements for Indian language films to be filmed in Georgia | May | |
Announcement of film slate 2014-15 at Cannes - minimum of four films | May | |
Commencement of Production on The Damned | July | |
Commencement of first Indian language film to be filmed in Georgia | July | |
US Release of Yellow | August | |
Commencement of Production on Production 16 | October | |
Announcement of 2015-16 slate at the American Film Market (6 films) | November | |
Completion of Construction of Studioplex Phase 1 | December | |
Note: The above is Management's best current estimates. All tasks are estimated to be completed by the last working day of the month.
About Medient Studios
Medient Studios, Inc. (OTCQB: MDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe 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 over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,550-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
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.
