Mindpix Corporation Announces Non-Reliance on Previously Filed Financial Statements
LAS VEGAS, May 15, 2013 /PRNewswire/ -- Mindpix Corporation (OTC Pink: MPIX) today announces that based upon the recommendation of an independent review of its financial statements, that the previously issued financial statements of the Company for the year ended December 31, 2011 and December 31, 2012 and the interim periods, should not be relied upon. The Company is focusing on the accounting valuation used for the music assets acquired on May 31, 2011.
The company has engaged Certified Public Accountants and legal professionals that specialize in music rights to assist the Company. The Company is currently preparing proper financial reports in order to amend and/or restate previously filed financial reports. Management does not expect any impact on the operations of the Company or on any of the initiatives reported in the recent May 9, 2013 Shareholder Update. These matters are expected to be fully addressed within the upcoming weeks.
About Mindpix Corporation
Mindpix Corporation (OTC Pink: MPIX) is a media company that primarily focuses on music and multi-media global television program content. MPIX is a go to source for the production, distribution and monetization of major music and entertainment events. This includes proprietary projects that MPIX owns or is a co-production partner in as well as providing a turn-key solution for other major music and media events. MPIX owns, develops and licenses intellectual properties and program content across a full spectrum of media; the "Four Screens" that consumers connect to: Live Events, Television, Internet and Mobile Media. The Company targets media content and programming that lends itself to brand development and attracting niche consumer groups. Then MPIX seeks to fully monetize these brand and consumer audiences through enterprise relationships. These brands and related content programs are also capital assets that will generate increased revenue streams over time as well as provide residual value in building a media library of content. This 360-degree approach to media in all areas truly differentiates MPIX. MPIX operates entertainment content and has the licensing rights to the original master recordings of a music library catalog of over 17,500 songs. MPIX has recently updated their disclosure and financial information at OTC Markets.
All files can be found at the following site: http://www.otcmarkets.com/stock/MPIX/filings/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
SOURCE Mindpix Corporation