ORLANDO, Fla., June 26, 2012 /PRNewswire/ -- Mindpix Corp.'s (Pink: MPIX), provides updates to their shareholders.
This past year we have seen tremendous growth and changes to our companies; some of which will be addressed in this letter. We have engaged the services of legal and auditing firms who are experienced working with private and publicly trading companies. The firms will be overseeing the independent auditing committee for Mindpix Corp. The auditing committee has already begun to work in association with our company's securities legal counsel and auditors to help expedite the completion of audits. After working with our legal and financial auditing committee the company determined that the merger agreement between eMax Media Inc and Mindpix Corp. had to be changed for the benefit of our shareholders and completing audits more timely and proficiently. The companies agreed to amend the merger, as of May 31, 2011, to a music master licensing agreement. The music master licensing agreement between eMax Media and Mindpix Corp. is the first of several business transactions that will be executed between the two companies which will maintain and add value to Mindpix Corp. and their shareholders.
Both eMax Media and Mindpix Corp. stated, "We have agreed to amend the original merger agreement between Mindpix Corp. and eMax Media Inc to be a media music licensing agreement. At this time both parties are under the agreement that the licensing agreement is a more sufficient process to transfer the assets into Mindpix Corp. while limiting potential liabilities to the Mindpix Corp. shareholders. Both parties are under the agreement to amend the merger agreement to now be the represented licensing agreement and with all terms and conditions of the licensing agreement to be held effective as the same closing date of the intended merger agreement signing date of May 31, 2011. Both parties, also have agreed that they have been working under a merger agreement with Mindpix Corp. for the past year. Under that agreement, there were obligations and responsibilities for both parties eMax Media Inc and Mindpix Corp. Mindpix Corp. has been unable to perform on several deliverable items including but not limited to financial statements, disclosures, and timely state filings. For the past year, we have worked diligently with the parties involved to remedy the contract deficiencies in prior year accounting and state filings. However, it has become necessary to amend certain provisions of the agreement. Both parties agree to the music licensing agreement between Mindpix Corp. and eMax Media Inc which reflects a stronger move forward for all parties and most particularly our shareholders."
eMax Media Inc announced the appointment of Denny Diante as its President. He will oversee the corporate activities of eMax Media and Mindpix Corp.'s music divisions. Denny Diante brings several music tribute projects to eMax Media and Mindpix Corp., which are scheduled for production starting third quarter of 2012. Denny Diante stated, "I am more excited than ever about the new media projects in development and the revenue potential for Mindpix and eMax Media Group. We are currently working on several high profile and star studded music and video projects which we will announce the details of publicly soon."
Armando Almirall stated, "We here at Mindpix Corp. are proud to have eMax Media Group playing an instrumental role into our exciting projects of today. We foresee a profitable future in the near horizon and look forward to a successful year for our shareholders."
Recently, Mr. Denny Diante, previously stated, "The eMax Media Music Library is without question one of the largest music companies. Over the past year, I had the great fortune to be a consultant for an Investment Group looking to purchase EMI Records. It would be safe to say that eMax Music library's song titles and master recordings are valued as comparable in size to recordings owned by the music label giant EMI." To clarify Mr. Diante's comment was implying that eMax Music owns similar large selection of music titles like EMI library.
Denny Diante is a music biz multi-threat. As a producer, arranger, engineer, and musical contractor, he has worked with Paul Anka, Elton John, B.B. King, Bill Withers, Barbra Streisand, Johnny Mathis, Neil Diamond, and Henry Mancini, among many others. Around 1972, Mr. Diante became the Vice President of A&R and a staff Producer with United Artists Records. Overall, he has produced 26 Gold Albums and 8 Multi-Platinum Albums, has received 3 Grammy's, a Cable Ace Award, an Academy Award nomination, and a Golden Globe Award, ASCAP and BMI awards, Ampex Awards, and numerous awards for production and arranging in such festivals as the Japan Music Awards, the Festival of Music of France and received the prestigious award from the Russian Federation as an Honorary Academician of the Russian Academy of Music. Mr. Denny Diante is listed in Billboards Magazine's Encyclopedia of 100 Most Successful Record Producers.
The company recently filed its updated year end 2011 financials with OTCmarkets.com and has recently submitted an updated Company Information and Disclosure Statement.
eMax Media Group, Inc. is a diversified multi-media technology/internet entertainment content company which owns, develops, produces and sells music, gifts, events, movies, t-shirts and collectibles for distribution to wholesale and retail markets. eMax Media Group, Inc., www.emaxmediagroup.com, owns a music catalog that consists of 17,500 plus original recorded music master songs ranging from the '30s through the '90s performed by many established recording artists such as: Willie Nelson, Waylon Jennings, Little Richard, Chicago, Fats Domino, Kenny Rogers, The Coasters, Gladys Knight, The Drifters, The Platters, The Who, Billy Joel, James Brown, Jerry Lee Lewis, Bob Dylan, Jefferson Airplane, Elvis Presley, The Bee Gees, Dolly Parton, Frank Sinatra, etc.
About Mindpix Corp.
Mindpix Corp., ("MPIX"), www.mindpix.com, is a holding company that invests in multi-media entertainment, internet, networks, communications and new emerging technology companies. Mindpix Corp. operates a collection of multimedia and family entertainment content with the association of their affiliated company and with four main operating divisions: Music, Studios, Networks, and Technologies. Mindpix Corp. owns licensing rights to manufacture and market a music library catalog of worldwide known songs from a list consisting of over 17,500 music master recordings. Mindpix Corp. has recently updated their disclosure and financial information at OTC Markets. All files can be found at www.otcmarkets.com/stock/MPIX/financials.
This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward looking statements involve risks and uncertainties, including, without limitation, the future press releases of MPIX.
Phone: (407) 224-3875
SOURCE Mindpix Corp.