Mike The Pike Productions (OTC: MIKP) an entertainment company with a focus in feature films, graphic novels and media holdings announced last night on StockTradersTalk.com that it has filed with the state of Wyoming to reduce its Authorized Share count down from 5b to 2.58b, effecting nearly 50% decrease in available shares as the first step in an industrious plan to build shareholder value in MIKP.

MIKP CEO, Mark B. Newbauer, states, “This has been a long-time coming and it won’t be the last time we see the Authorized and/or Outstanding share count reduced from here.”

He continues, “We are also actively working to posture and develop control measures that prevent any sign of funders attempts to derail or alter the business plan for their own benefit and we are actively working to identify any broker that limits trading of MIKP or requires a phone call to execute. As part of this we are in active communication with DTCC to obtain eligibility status for MIKP.”

The company is also working to significantly reduce the company’s debt and liabilities. Newbauer has already entered into negotiations with debt holders to ensure that accountable action is taken on this measure before end of Q2 2012. The CEO plans to settle a minimum of $500,000 in debt on the company’s books as a result.

“We have entered a game-changing year for Mike The Pike Productions on the company side, with inevitable success ahead on various projects, including those currently being sold to worldwide territories at this year’s Marché du Film at Cannes.”

Newbauer adds, “There is no room for deviation from our objectives moving forward. We now have vested partners with years of experience in both the stock market and the entertainment industry. I am confident that the time has come to realize self-sustaining operations and cumulative growth. In completing our market objectives, we expect to increase shareholder value in line with our successes operationally toward higher earnings per share (EPS) and an uplist to OTCBB or higher, positioning the company for additional acquisitions, prominent funding partnerships for its film slates and buyout opportunities.

News on success at Cannes from our subsidiary, Saint James Films, to be released later today!

If you missed the interview last night on StockTradersTalk Radio and you are a shareholder or prospective shareholder of MIKP, it is highly recommend you listen.

The interview can be reviewed on STT website, Investorshub Auditorium or on our blog at: http://blog.mtpprods.com/2012/05/23/werewolves-superheros-and-reduced-authorized-share-count/

About Mike The Pike Productions, Inc..: Mike The Pike Productions is an entertainment company specializing in feature films, graphic novels and media acquisitions. Overall, MIKP projects are ‘Mainstream Independent’, combining a well-structured vision with top-tier talent; challenging current standards while maintaining mass appeal. Official Company Website: www.mtpprods.com

About the CEO: Mark B. Newbauer’s bio on IMDB: http://www.imdb.com/name/nm1474431/bio

IMPORTANT SHAREHOLDER LINKS:

  • Visit our website at www.mtpprods.com
  • MTP Facebook: www.facebook.com/MTPfb
  • White Space official website: www.enterwhitespace.com
  • White Space Facebook: www.facebook.com/enterwhitespace.com
  • George R.R. Martin’s The Skin Trade: www.theskintrademovie.com
  • GRRM The Skin Trade Facebook: www.facebook.com/BlackstoneManor
  • Subsidiary- Saint James Films, LLC: www.saintjamesfilms.com

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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