SOURCE: Mike The Pike Productions, Inc.

Mike The Pike Productions, Inc.

October 29, 2009 05:44 ET

Mike the Pike Prods Enters Negotiations With Venture Capital Group for Film Funding

Entertainment Financiers Offer Funding Vehicle for Fish in a Barrel and Dresden Sun

FORT WAYNE, IN--(Marketwire - October 29, 2009) - Mike The Pike Productions, Inc. (PINKSHEETS: MIKP) CEO/President Mark B. Newbauer is pleased to announced that MTP, along with Archetype Pictures ( President Michael Ryan, have entered discussions with a multi-media, technological and real estate development finance group that, after a decade of development, received in excess of a billion dollars in cash and collateral for its media financing arm. The company has offices in Los Angeles, Miami, Atlanta, New York City and London and has key access to the world's top 25 banking institutions, global corporate and SEC counsel, major collateral providers and private investment groups.

"We're very excited about this recent development," says Newbauer. "Michael (Ryan) and I have been working together very well to piece our contact base together toward a win-win on a producers partnership for both MTP's 'Fish in a Barrel' and Archetype's Dresden Sun ( The past few days have been a breakthrough for us in that we've attracted an interested party capable of bringing up to 70% to the table for the funding of our projects. This is a major piece of the puzzle and gives us confidence that we can bring our contact base of private investors or financing, otherwise, forth to complete the picture." In addition, the group's representatives have stated its interest and ability to work with major concert/events promotions as well, which could prove a useful leverage tool for MTP in expediting larger A-list tours and festivals in its concert/events division.

Newbauer and Ryan are seeking approximately $12M for their first round of financing. Funds will cover production budgets for both Features; associated introductory fees, financing costs and P&A (prints and advertising) for both pictures. "We feel it's a sensible amount to ensure success of both films and meet, conservatively, expectations set forth by projections," states Newbauer.

The recent development, in combination with financiers in the producers' networks with abilities to monetize tax credits and put forth conditional financing, may prove to be a recipe for success for both companies' flagship features and entertainment projects to come.

In the meantime, is undergoing a valuable overhaul which will include expedient updates, company details and shareholder information. The new face will be unveiled soon. The company also plans to announce concerts for the wrap-up of its 2009 season soon and already has decisions in place for its national expansion beginning early 2010 including some of the hottest artists on some of the most successful tours.

More to come on MTP's untitled low-budget crime thriller and development of its recently acquired literary option on award-winner George R.R. Martin's werewolf novella, 'The Skin Trade.'

If you missed Mark B. Newbauer's latest interview and interactive chat with shareholders Tuesday, check it out here! INVESTMENT NATION CEO INTERVIEW OCTOBER 27TH

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Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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