Mike the Pike Productions, Inc. (MIKP.PK) Rallies 33% Signs Completes Agreement with Executive Producers for $60-80 Million

LOS ANGELES-- Mike the Pike Productions, Inc. (Pink Sheets:MIKP.pk - News) (www.mtpprods.com) is pleased to announce that the previously announced Letter of Intent has now become an agreement with Executive Producers (EPs) to Package and Finance Mike The Pike Productions’ ‘The Skin Trade’ by George R.R. Martin.

The Agreement will entail the EP group to secure A-list attachments (writer, director, cast) and a minimum agreed upon budget to satisfy production value of approximately $60-80M and at least 25% of the budget raised in cash. Pre-Sales and Tax Incentives will be harvested to mitigate overall risk.

“With over a billion dollars in project financing to date, we are confident in the Executive Producing team’s ability to deliver,” states MIKP CEO, Mark B. Newbauer. “Success here will ensure a major win for MTP and its shareholders in a recession-proof industry. Albeit high risk/high reward, movies are far more important to the American economy than they may seem at face value, and remain one of our country’s leading exports,” states Newbauer.

As previously announced, MTP plans to implement a stock dividend to shareholders based on each project’s ROI, beginning with its recently wrapped sci-fi thriller, ‘White Space.’

George R.R. Martin is the author/creator behind HBO’s smash success, ‘Game of Thrones,’ which was recently nominated for 13 Emmys, including Outstanding Drama and Outstanding Writing. His work in fantasy has garnered him the title of ‘The American Tolkein’ and was named among the prestigious 2011 TIME 100.

Currently, Avatar Press (http://www.avatarpress.com/) is developing the Graphic Novel version of ‘The Skin Trade.’

More news to come on ‘White Space,’ ‘The Skin Trade’ and another exciting property yet to be announced!

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About Mike the Pike Productions, Inc. (MIKP.PK)

Mike the Pike Productions, Inc., an entertainment company, engages in the development and production of feature films in the United States. The company also involves in the literary rights acquisitions; graphic novel publishing; and concert and event promotions. Mike the Pike Productions, Inc. was founded in 2009 and is based in Fort Wayne, Indiana.