SOURCE: Mike The Pike Productions, Inc.

Mike The Pike Productions, Inc.

June 15, 2010 16:05 ET

MTP Ventures Forms ServeNation, Inc. for Socially Conscious Prepaid Debit Program

ServeNation Prepares for Global Launch With Entity Formation and Project Due Diligence Initiatives

FORT WAYNE, IN--(Marketwire - June 15, 2010) -  (PINKSHEETS: ADCS) -- Mike the Pike Ventures' ServeNation (www.ServeNation.com) is pleased to declare the formation of ServeNation, Inc. It was announced earlier this year that ServeNation, LLC was acquired by Mike the Pike Productions to utilize ServeNation's client base and sales force. 

ServeNation, LLC, prior to the acquisition, piqued the interest of MTP executives in what they unanimously saw as a business model which, with a brand new strategy in effect, could revolutionize fundraising as a whole, while creating a socially conscious profit mechanism like no other in the prepaid industry. ServeNation, Inc., along with CopSwap.org, has been placed with Mike the Pike Ventures as previously announced.

"The formation of ServeNation, Inc. allows for us to keep everything we saw as beneficial and separate those attributes from anything that would potentially obstruct what we see as a major success upon launch," states MTP CEO and President, Mark B. Newbauer. "ServeNation, prior to the acquisition, was a business model with too much inventory and bulk purchase requirements for our taste; and a market appeal limited to the brands of its gift cards. It did, however, have just enough concept to ignite the creation of what we feel will be a micro-giving concept like no other, to produce millions in fundraising for charities and non-profits while generating similar profits for the company and its shareholders. The new model includes streamlined processing, minimal inventory, backend processing partners and unlimited appeal." 

The ServeNation concept and its slogans, such as 'Pre-Pay It Forward' and 'Give While You Live' are under common law trademark as the company prepares for a global launch. The card will be loadable via online portals, mobile technology and hard locations worldwide. Updates on official domestic and international launch dates are forthcoming and the MTP team is underway on revamping the company's website in line with its new logo and corporate culture toward mass appeal. Executive announcements and projections will be released in the coming weeks.

FOLLOW EVERYTHING MIKE THE PIKE: UPSTREAM on TWITTER: $ADCS $MIKP www.Twitter.com/mtpprods

MOTION PICTURES, EVENTS, LITERARY ACQUISITIONS & BUSINESS VENTURES: Want to know what MTP is all about? Check out www.mtpworldwide.com 

$ADCS: CopSwap -- Get ready sworn officers and civilians alike -- the ONLY web portal for social networking, auctions, retail and officer geared news and events... Private Beta underway! www.copswap.org

$ADCS: ServeNation -- Attention Non-Profits, Charities and Caring Consumers... PRE-PAY IT FORWARD! ServeNation is Passive Giving for the Active Consumer -- Read all about it as MTP prepares the launch of Micro-Giving at its finest; coming to a money-clip near you Summer 2010...

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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