HOLLYWOOD, CA--(Marketwire - Oct 17, 2012) - Medient Studios, Inc. (OTCQB: MDNT) (the "Company") today announced that Fairway Properties has changed its name to Medient Studios, Inc. The Company's stock trading symbol has also been changed from "FRYP" to "MDNT," effective immediately.
The new CUSIP number for the Company is 58471d 109. The Company has also appointed Corporate Stock Transfer as its official transfer agent.
"The change in our corporate name to Medient Studios is very significant, because it more effectively describes our focus and strategy as a global film production and distribution company," commented Manu Kumaran, Chief Executive Officer of Medient Studios, Inc. "We also believe the appointment of Corporate Stock Transfer as our new transfer agent will better serve the needs of our shareholders."
About Medient Studios, Inc.
Medient is a global film production and distribution company with a strong presence in the key markets of North America and India. Medient's management has approximately 150 years of experience in the motion picture industry and is responsible for producing or financing more than 250 movies. To date some 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 entering the electronic games sector.
Medient Studios, Inc. is headquartered in Hollywood, California, and its common stock trades on the OTCQB under the symbol "MDNT." For additional information, please visit the Company's website at www.medient.in.
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, and domestic and global economic conditions.