LAS VEGAS, May 9, 2013 /PRNewswire/ -- Mindpix Corporation (OTC Pink: MPIX) -- Mindpix Corporation (MPIX) today announces a Shareholder update from Victor Siegel, President and CEO.
While it is less than two weeks since I accepted the position of President and CEO of MPIX, I want to take this opportunity to update the shareholders on current goals for the direction of the Company. Throughout my career, I have been fortunate to have had the opportunity to build significant relationships with leaders in music, television and digital technology. I see MPIX as a convergence of these three industries, which provides the opportunity to build a global leadership position in the creation, distribution and monetization of music and entertainment media content. Coming off my recent trip to China, I've been extremely impressed with our teams in China and the US and their progress to date. We are quickly working to refine the overall business strategy, and I would like to share the following insights.
When you review the history and news of MPIX, you see a core focus in music. You also see a company that produced a 12-21 concert from the Hard Rock Live in Orlando. Even more recently, you see a company that is facilitating a major sporting and entertainment event with the leading soccer player in the world, Lionel Messi, at Soldier Field. In each case, MPIX is assisting in the creative development, production, distribution and monetization of intellectual properties and entertainment programming.
MPIX is assembling an incredible core team in the US and China that is expanding quickly with expertise in production, sponsor activation, distribution, music rights management, live events, social media marketing and digital technology applications. As I stated on April 26, we are leveraging these resources to focus on 3 core growth categories where we can build leading high growth, high margin businesses. They are:
- Monetizing proprietary, owned and/or managed intellectual property assets, such as our music catalogue
- Creating and monetizing media assets and global properties that we develop ourselves, such as the 12-21 concert
- Collaborating with existing rights holders of intellectual property and media content to monetize those assets.
By focusing our resources and efforts against these 3 global sectors, MPIX has a great opportunity to become a go-to resource for music and entertainment events around the globe. We are building the business infastructure, world-class team and business foundation to leverage the development, production, distribution and monetization of entertainment content. While this is just the beginning of the Company's strategy, it will be a central theme as we approach operationalizing our assets and generating recurring revenue streams for the Company.
ZZYX was the co-production partner for MPIX 12-21 event at the Hard Rock. I am pleased to say that we are in the process of negotiating an expanded co-production agreement with ZZYX on additional global projects both in the United States and China. I am looking forward to the Company's announcement of specific projects in the foreseeable future. China continues to be an emerging market of opportunity and a big focus for all major brands and sponsors. Having media distribution and sponsor activation resources in China greatly expands our ability to take major US-based events to a global stage.
In summary, I would like to state the immediate goals and focus of the company:
- Update Company Financials and take the necessary steps to become a fully reporting OTCQB company.
- Leverage relationships with A-list artists, media production capabilities, distribution and monetization platforms and technology to complete co-production agreements with established events, thereby creating multiple revenue streams
- Obtain further distribution outlets for live music events and program content.
- Complete steps necessary to begin to monetize music library.
I believe that this is truly an exciting time for MPIX and its shareholders. I would also like to reconfirm my commitment to providing consistent updates and transparency to further shareholder understanding of the direction and progress of the Company as we grow.
Victor Siegel, President and CEO
About Mindpix Corporation
Mindpix Corporation (OTC Pick: 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