Rainmaker Income Fund

Rainmaker Income Fund

December 04, 2006 16:48 ET

Rainmaker Announces New Production Deal With Rick Mischel

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Rainmaker Income Fund (TSX:RNK.UN) (the "Fund") announces that Rick Mischel will serve in a new role as an Executive Producer with a "first look" deal with Rainmaker Entertainment Inc. ("Rainmaker"). The Fund recently acquired Mainframe Entertainment, Inc. ("Mainframe"), which is now known as Rainmaker. Mischel, who was the CEO of Mainframe for the last four years, was instrumental in the sale of the company, and will move to his new role effective immediately.

"I'm excited about the opportunity to return to a more entrepreneurial, producer role with Rainmaker," said Mischel. "With the sale of Mainframe to the Fund, I accomplished my goals for the growth and long-term viability of Mainframe, and I'm glad I can continue to contribute to the on going success."

Mischel will executive produce several of Rainmaker's current slate of projects, as well as bring in new projects under a "first look" deal with Rainmaker. He will continue to be based at Rainmaker, which keeps him affiliated with the team he nurtured over the last few years.

In making the announcement, Warren Franklin, CEO of Rainmaker, said, "We're thrilled to have Rick transition into this new role at Rainmaker. He's been instrumental in success of the Mainframe, and his relationships in the family entertainment world will be a valuable asset."

Mischel will also further develop and executive produce Atomic Puppet, Ghost Hunter Dax, Moonsurfers and continue shepherding Harriet the Spy, as well as develop a number of feature and direct-to-DVD projects.

The Fund is an unincorporated open-ended limited purpose trust located in Vancouver, British Columbia. The Fund indirectly owns 100% of three operating limited partnerships and 100% of Rainmaker Entertainment Inc. Rainmaker Limited Partnership is an award-winning visual effects, computer generated animation and post production entity with a 27 year history providing superior service, using innovative technology and world-class talent to design, build and shape content for feature films, television, games and commercials. EP Canada Limited Partnership is a leading provider of payroll services for the film and television industry across Canada. Canada Film Capital Limited Partnership provides tax credit administration services and financing of tax credits through factoring for film and television productions across Canada. Established in 1993, Rainmaker Entertainment Inc. (formerly Mainframe Entertainment, Inc.) is an industry leader in computer generated animation for television and direct-to-video DVD family entertainment.

This press release and any related attachments may contain forward-looking statements that involve a number of risks and uncertainty. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the periodic reports and documents filed by the Fund with The Toronto Stock Exchange and other regulatory authorities. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and the Fund undertakes no obligation to update the forward-looking statements should there be a change in conditions, or in management's estimates or opinions.

The contents of this press release have neither been approved nor disapproved by any regulatory authority.

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