LAS VEGAS, May 16, 2013 /PRNewswire/ -- Mindpix Corporation (OTC Pink: MPIX) today announces a Shareholder update from Victor Siegel, President and CEO.
MPIX retained legal and accounting professionals to prepare the Company to become a fully reporting issuer eligible for the OTCQB tier on OTC Markets. The first step in this process was the Company's announcement of non-reliance on the Company's prior financial statements.
The completion of revised financials is a critical and necessary step in the Company's progress. Additionally, this proactive step is a clear signal of the new management's approach to full transparency and aggressively managing the Company for long-term sustainable growth for our shareholders.
As the incoming CEO, I look to resolve any past accounting issues quickly and put them behind us so we can move on to accomplish great things. We are quickly implementing a new management philosophy of transparency and implementing internal controls to ensure that we timely provide our shareholders with complete and accurate information. Yesterday's actions are fully consistent with this goal and the execution of our operating plan. MPIX has the opportunity to build a leadership position as a go to resource for music and entertainment events around the globe and I look forward to reporting on the continued evolution of the Company as we continue to enhance shareholder value.
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