Odyssey Pictures Partners with U.K.'s Parkland Pictures, Ltd.

Deal Marks Growth of Odyssey's Consortium of Indie Producers

Aug 31, 2011, 08:30 ET from Odyssey Pictures Corporation

DALLAS, Aug. 31, 2011 /PRNewswire/ -- Odyssey Pictures Corporation (OPIX: OTCQB) (Odyssey), a publicly traded media and entertainment company has confirmed a co-marketing agreement with Parkland Pictures Ltd. (Parkland), a London-based feature film production company and international sales agency. The deal encompasses co-production, financing and joint sales activities.

Odyssey will provide funding to propel specified Parkland projects into next stages of development and retains a first right of refusal to provide Parkland with production funding.  The two companies will also selectively engage in joint sales and marketing outreach for each other's inventory of titles.

Some of Parkland's completed live action films that Odyssey's producers' representative service will include in its roster of titles under representation include "The Heavy," "The Tender Hook" and "L'Amour Cache."  In turn, Parkland will co-market Odyssey's many TV/DVD titles, including "Vauban," "Kings of France," "On the Farm," and "Pang-Pang Fighter."

Odyssey and Parkland jointly exhibited at this year's Cannes Film Festival and will continue to do so in upcoming markets like MIPCOM and AFM.  This latest strategic partnership solidifies Odyssey's ongoing business model of providing a platform of financial and marketing support for a consortium of independent content developers and marketers.  Other such Odyssey partners include, D.P.M., Inc., Foothill Entertainment and ORG Studios, USA.

"Parkland Pictures is a very strong addition to Odyssey's family of independent producers," remarked Odyssey's CEO John Foster.  "Parkland not only provides us an infusion of live action titles to work with, but also gives Odyssey a base of operations in London."

"Odyssey has already begun providing us with significant support in the areas of marketing and sales," commented Parkland's founder and Director, John Cairns.  "What's more, John Foster brings enormous industry experience and sophistication to our business transactions."

About Odyssey Pictures Corporation - Initially an entertainment company focusing on financing and distribution of first run feature films, Odyssey has adapted its business model to become a diversified media/marketing services company.  The company's lines of business now encompass producer's representative service, branding & marketing and IPTV digital delivery technologies.  Odyssey's producer's representative service provides an extensive suite of sales and marketing services to independent filmmakers seeking to gain traction in the international distribution and rights markets.  These services include international sales, contract negotiation, marketing materials, strategic planning and completion financing. http://odysseypix.com/

About Parkland – U.K.-based Parkland was formed in 1998, initially producing documentaries and eventually feature films.  In 2006, the company added an International Sales Agency division for Parkland's own films and to acquire international sales rights to other films outside the company.  Parkland has numerous films in development, pre-production and production and is the appointed International Sales Agent for a growing slate of films.  London-based producer John Cairns is the founder and Director of the Parkland companies. http://parklandpictures.com/

Forward-Looking Statements - Certain statements contained herein are forward looking. These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions. Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressure on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products, and technology changes.

These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission. The Company cautions that the foregoing list of important factors is not exclusive. Any forward-looking statements are made as of the date of the document in which they appear. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

Media & investor contact for Odyssey:
Dan Spelling at Spelling Communications
310/838-4140  dspelling@spellcom.com

SOURCE Odyssey Pictures Corporation