SOURCE: Mike The Pike Productions, Inc.

Mike The Pike Productions, Inc.

August 06, 2009 06:17 ET

Mike the Pike Productions (MIKP.PK) Catches New Ticker Symbol; Posts "Fish" Projections

MTP PRODS Releases 'Fish in a Barrel' Worldwide Projections; Company Update

FORT WAYNE, IN--(Marketwire - August 6, 2009) - Mike The Pike Productions, Inc. (PINKSHEETS: PINR) (PINKSHEETS: MIKP) CEO/President, Mark B. Newbauer, announces a ticker symbol change from PINR.pk to MIKP.pk which took effect earlier this week as a part of the company's branding strategy. "This was an important move for us," says Newbauer. "The ticker symbol is just that -- a symbol. The transition from PINR to MIKP allows the company to be embraced without any preconceived notions. Mike the Pike Productions has the wheels up to fly in creating quality entertainment worldwide. Our projects will be profitable for both our shareholders and our private partners. The company's focus is on Feature Film Development and Production, Literary Acquisitions, and our Concert and Event Promotions division. Pine Ridge Holdings is no more... and its business has not been, nor will be a part of the MTP business model."

MTP's Concert and Events promotion kicked off with a bang this year as they approach the date for their August 29th show at www.parkviewfield.com featuring Good Charlotte, Metro Station, Cobra Starship and others. MTP's Ft. Wayne Promotions Associate, Jake Slater, says "Target market (teens) is responding very well to the show and we feel this will be a big win for everyone involved, including our sponsors for the show such as 97.3 WMEE, Anytime Fitness and Club Soda, among others. We are in planning stages for our second show which was announced last week to be an MMA event with our co-promoters Mike and Kristi Bowersock of Dragon's Den MMA. The event will have national exhibition featuring musical acts and celebrity guests. I'd also like to see a country show in our near future as we have ties to major artists in that arena."

Newbauer, as part of keeping MTP followers apprised of development stages for the Motion Pictures division, has posted projections for their upcoming feature film in development, "FISH IN A BARREL" a comedy in the vein of "Knocked Up" "Forgetting Sarah Marshall" and "Superbad." The projections can be downloaded on Pink OTC at: http://tiny.cc/ygFea. The figures contain worldwide totals with low, medium and high projections at $12.9mm, $39.7mm and $83.3mm, respectively. The figures posted are conservative as they do not include many ancillary streams of revenue such as merchandising or distribution streams such as new media.

"We're very pleased with the figures, which are based on preliminary plans in regards to the film's budget (appx $5mm), cast prototypes and genre. We've also considered factors and ratios from similar movies over the past few years using tools such as IMDBPro, The Numbers, Box Office Mojo, etc.," says Newbauer. "We're fortunate to have a proactive casting director like Dino Ladki who we can use as a sounding board. Cast is crucial to any independent film looking to make a profit; and names, in this case, are very much a commodity; and like a commodity, there are attractive undervalued players. MTP conducts significant research to identify players that are currently undervalued as part of our overall strategy to maximize ROI."

The company is in final stages toward acquiring a much anticipated Literary Option as well and their "Dresden Sun" (www.dresdensun.com) team will be deciding on shooting locations in the next few weeks and MTP will be posting revenue projections for that project accordingly. Casting for both 'Fish" and "Dresden" are to begin Fall 2009. MTP is also in final discussions with action icon, Fred "The Hammer" Williamson, to produce a low-budget vehicle as an answer to Williamson's 'blaxploitation' hits of the 70s. details to come.

Want to know what MTP is all about? Check out www.mikethepikeprods.com

MTP productions can also be followed on Twitter @MTPPRODS

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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