SOURCE: Medient Studios

March 06, 2015 20:32 ET

Company Announces Resignation of Directors and Notice to Discontinue Filings

FT. LAUDERDALE, FL--(Marketwired - Mar 6, 2015) - Medient Studios (a/k/a Moon River) (OTC: MDNT) announced that exclusive of Mr. Jake Shapiro, all Officers and Directors of the Company have resigned, and that the Company will be filing to delist and will be filing a Form 25 with the SEC pursuant to Rule 12d2-2(c)(2)(ii). Mr. Shapiro will be temporarily remaining with the Company to facilitate payments to the Company's creditors and any potential future dividends.

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.