Monday, April 14, 2014

Yellow plays to rave reviews at the 23rd Florida Film Festival


Yellow, Medient Studios’ new film played to wowed both the critics and the audience at the recently concluded 23rd Florida Film Festival.

Orlando Weekly critic Cameron Meler called it – “August: Osage County – with a lot more psychedelic drugs!”

A still from the film Yellow
 “If John Cassavetes, the pioneering independent filmmaker, were alive today, he’d probably be making films like his son’s Yellow, a boldly original and surreal take on mental illness, drug abuse, incest, religion and family dysfunction,” the review said.

Andrew Coffin of The Examiner gave the film a four star review and described it as,  “a surprisingly fresh and entertaining film.” 

“Both Cassavetes and Heather Wahlquist deserve credit for their twisty screenplay, which truly feels original and does not for a moment show its hand. It's a terrible cliché to say the movie kept me guessing, but the film really is full of surprises until the very end,” the review said.

Yellow is a wildly inventive and visually dazzling head-trip from director Nick Cassavetes, whose previous movies include The Notebook, John Q, and My Sister’s Keeper. It tells the story of Mary Holmes, (Heather Wahlquist), a young substitute teacher who escapes from her drudging everyday life by fantasizing bizarre parallel realities.  We enter her hallucinatory world, peopled with Busby Berkeley dancers, Cirque du Soleil, Circus freaks, and human farm animals where nothing is quite what it seems.

Winner of the best film at Catalina Film Festival, Yellow has been achieving standing ovations from audiences and critics on the global festival circuit. The film has been screened at Toronto International Film Festival, SXSW, Tokyo International Film Festival, International Film Festival in Goa, Seattle International Film Festival, Sitges Film Festival, Munich Film Festival among others.

The Florida Film Festival was named one of the top 10 festivals in the world by festival guru Chris Gore in his 2001 edition of The Ultimate Film Festival Survival Guide, 2nd Edition. Nestled in at number eight (alongside such prestigious events as Sundance, Toronto, Cannes, Berlin, and SXSW), the Festival continues to showcase the best in American independent and foreign cinema. 

Thursday, April 10, 2014

SeeThruEquity Issues Quarterly Update on Medient Studios

New York, NY / ACCESSWIRE / April 10, 2014 / SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a quarterly update on Medient Studios, Inc. (MDNT) (“Medient”) for fiscal Q4 2013 and FY 2013.
“We are encouraged by the progress of the company in the last quarter and also welcomed the remarks of the CEO during the company’s earnings call,” commented Ajay Tandon, CEO of SeeThruEquity. “We look forward to the recently announced release of the movie ‘Yellow’ this summer as well as Medient’s 15th feature production with ‘The Damned.’ The price target is now $0.10 based upon the higher share count and higher target multiples.”
Highlights of the quarter and year are as follows:
- Medient reported gross revenues of $2.1mn in 2013, a 37.1% decrease from $3.3mn in 2012.
- Medient reported a net loss of ($1.4mn), or ($0.02) per share, compared to a net loss of ($117.6k), or ($0.03) per share in 2012. As commented on during the company’s earnings call, this increase was related to the company’s increase and growth in global personnel.
- Subsequent to the end of 2013, Medient announced the selection of Shore Development and Construction, LLC as the construction manager for its Studioplex project.
- Also subsequent to the end of 2013, Medient announced its 15th and 16th movie projects, and the first film on its 2014 production slate, ‘The Damned,’ and ‘Kickback’ starring John Cusack.
- Medient updated investors with a comprehensive Activity Guidance Estimates list for the remainder of 2014.
The report is available at: MDNT Quarterly Update Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s.
Please review important disclosures on our website at http://www.seethruequity.com/.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson Reuters One (First Call), CapitalIQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit http://www.seethruequity.com/.
About Medient Studios
Medient Studios, Inc. (MDNT) ("Medient") (http://www.medient.com/) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
Contact:
Ajay Tandon
SeeThruEquity
(646) 495-0939
Source: SeeThruEquity







Tuesday, April 8, 2014

Medient Announces Production 16: Kickback

EFFINGHAM COUNTY, GA--(Marketwired - Apr 8, 2014) - Medient Studios, Inc. (OTCQB:MDNT) ("Medient") announced today that it will be producing Kickback, an espionage thriller inspired by real events in Russia.
Based on the autobiographical novel by crusading journalist Rocky Utang, the film will be shot in the Czech Republic, Poland and Hungary this year. To be helmed by award winning writer/director Raza Mallal‎, Kickback is the story about a renegade Moscow detective who defies government pressure to investigate the mysterious assassination of a maverick reporter.
The ensemble cast is set to star John Cusack (Lee Daniels' The Butler, The Hunger Games - Mockingjay - Part 1, 2012...), Bond girl Famke Janssen (Taken, X-Men: The Last Stand, Goldeneye...) along with Mischa Barton (The Sixth Sense, ...), Sean Austin (Lord of the Rings: The Two Towers, Lord of the Rings: The Return of the King...) and Rutger Hauer (Blade Runner, Batman Begins, Sin City...).
The crew include legendary director of photography Douglas Milsome, (Robin Hood: Prince of Thieves, Full Metal Jacket...), production designer John Collins (The Hunger Games, Oceans Eleven...) and editor Derek Burgess (Pirates of the Caribbean: On Stranger Tides, Quantum of Solace, Batman Begins...).
Manu Kumaran will produce the film for Medient.
About Medient Studios
Medient Studios, Inc. (OTCQB: MDNT) ("Medient") (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

CONTACT INFORMATION

Monday, March 31, 2014

Medient Announces 2013 Year End Results and Chairman’s Letter to the Shareholders


Medient Announces 2013 Year End Results and Chairman’s Letter to the Shareholders
EFFINGHAM COUNTY, GA-- Medient Studios (OTCQB: MDNT) today announced its financial results for the fiscal year ended December 31, 2013, which are available in the Company’s Form 10K report filed today with the Securities and Exchange Commission.

For the year ended December 31, 2013, the Company earned revenues of $2,056,307 versus $3,267,825 for the preceding fiscal year. The reduction in revenue reflects the Company’s focus on establishing the Studioplex and finalizing the legal contracts to secure the property. The gross margin was $975,147 in 2013 compared with $452,218 in 2012. The Company’s losses increased from $117,630 to $1,366,629 primarily due to increased operational expenses associated with establishing the Studioplex. Medient’s assets more than doubled from $20,888,692 to $48,951,444 in 2013. Shareholders’ equity also increased by more than $3,000,000 to $16,667,630.

The Chairman of the Board, Manu Kumaran, also wrote the following letter to the Company’s stakeholders:

To those who believe...
“Ring out, wild bells, to the wild sky, The flying cloud, the frosty light
The year is dying in the night;
Ring out, wild bells, and let him die. Ring out the old, ring in the new...”


Alfred Lord Tennyson wrote those words in 1850 to celebrate the passing of a year. Today is Gudi Padwa, the New Year in many parts of India and today we declare that there is light and freedom from the endemic inefficiencies that plague the film production process. Over the last 16 months Julio Saldarriaga and his team have been in active conversations with a host of technology companies to design a new work flow for producing movies and games. We asked ourselves one question – surely we don’t have to be captive to work flow systems designed in the 1920s? The world has changed in our lifetime and yet the film industry still makes a human being to carry a 30 pound light up 60 feet through a metal staircase. In the very likely scenario that he needs to use the bathroom then the entire unit could be waiting 20 minutes or more costing several hundreds of thousands of dollars!

It is imperative, given the fact that capture, finishing and output of films are all on digital platforms, to throw away the outdated workflows of today and embrace a sophisticated and redesigned workflow that utilises the very latest developments in the technology arena. Films like Gravity have shown how robotics can enhance the director’s ability to create a world that will elicit gasps of admiration from the audience. While several of the individual processes draw on the very latest technologies the clunky workflow ensures that the final product loses the significant efficiencies that are generated.
Why can’t these there be a synthesis of these various elements in a wholly new work flow that will liberate our story tellers from the constraints of the old while minimizing the production time and thereby optimizing costs? Why didn’t the aircraft manufacturer include basic technology that exists in motor cars today, so that black boxes can be found easier and the friends and relatives of passengers on MH 370 wouldn’t have endured the agony of the past 23 days. Why do we continue to ignore the crying need for comprehensive reform in an industry that continues to lose money every day?

The answers are in the questions. Human beings are creatures of comfort and habit and nothing except the most extreme pain can force change. But change we must and Medient will be at the vanguard of creating a smarter way of making movies and games.
2013 was the year where we set down roots in Effingham County, Georgia. Our home is a beautiful 1560 acres of woodland with a pretty lake in the center of it all. Inspired by the beauty of the land and the requirements of our unique plan our architect Shaleen Sharma has designed a spectacular vision – a mini township that will unleash the much needed change in a rigid and custom bound industry.

Construction will commence this year and we will have the first set of sound stages functional by the end of the year. Our partner in the construction of the Studioplex is Shore Development and Construction, LLC and its President Jeremy Blackburn shares a lot of our evangelical zeal and they will bring green, sustainable and yet robust and cost efficient methods of construction to the Studioplex. Graham Bradstreet and his team are working on sourcing various additional government incentives to further reduce the net cost of construction to us.

Our development team, led by Pankaj Kapoor have read over 400 scripts in the past year and have found the few great ones that we will move into packaging and greenlight this year. Yogesh Ishwar and his team are working on bringing in
Indian films to shoot in Georgia by providing production services with Medient managing their tax credits.

Mahatma Gandhi wanted us to be the change that we seek in the world and true to that spirit we are implementing a radical new management structure in Medient. All internal designations and hierarchy have been abolished. Our overall goals have been broken down to “tasks” and “micro tasks” and “task teams” have been formed to achieve those tasks which are led by people with that specific skill set rather than traditional seniority. Megan Murphy and her team are responsible for the implementation of the “Manifesto” and it is expected that by the end of the year we will be able to align compensation with performance on a real basis.

The induction of Charles Koppelman to our Board is a seminal moment in our history. Charles is committed to helping the company achieve its targets especially in our fund raising.

We have continued to reduce our debt and increase shareholder’s equity as we gear up for the monumental tasks that we have set out to achieve and Jake Shapiro and his team have worked tirelessly to keep the company moving forward.

While several important goals were reached in 2013, our share price took a beating and our market value no longer reflects the actual current real value or the immense potential of the future. Clearly we have failed to communicate our potential or the strength of our team to the investment community. Redressing this and returning the company to a share price that is reflective of our real value is one of our key immediate priorities. In this context I want to address one issue that has repeatedly come in random conversations (Oh! how I love twitter!) with several of our shareholders – dilution. I submit to you – the owners of this company, that every dollar that is being raised is employed to make the company stronger. No one is buying houses or Ferraris with your money. By cleaning up Yellow we have ensured that almost all of the revenue from that brilliant movie will come in to the company and will pay for SG&A and for more movies. We also need to raise significant amounts of capital to build the Studioplex and to produce other films. We are fully cognizant of our obligations to the owners of the company but please recognize the fact that this is not a “two men, a wild idea and a website” company. I am personally in this with each one of you and believe with all of my heart that my shares will be worth many times the $0.064 that I paid for them.

It is my belief that we are on the verge of a significant breakthrough and I promise you that 28 people in five different cities in four countries are giving it their all to make the dream come true.


On their behalf I thank all of you for your continued support and belief. 

Manu 

Tuesday, March 25, 2014

Medient Announces Production Number 15: "The Damned"

Possession Horror Movie Will Be Filmed in Savannah
EFFINGHAM COUNTY, GA--(Marketwired - Mar 25, 2014) - Medient Studios (OTCQB:MDNT) announced today that the first movie in the 2014 slate will be "The Damned." This will be Medients's fifteenth feature production and follows the successful production and release of the British horror film "Storage 24."
Written by Georgia based writer Chad Darnell, "The Damned" is a possession horror genre film set in Savannah, Georgia. It is anticipated that principal photography will begin in third quarter of this year.
Savannah has been home to many films including "Midnight in the Garden of Evil," "TheGeneral's Daughter" and "Forrest Gump." "The Damned" is an exciting horror story that showcases Savannah, purported to be the most haunted city in America. The company expects to hire much of the production crew from the local area.
Medient Chairman Manu Kumaran stated, "We have lined up an exciting slate for the year. We wanted to kick off the slate with 'The Damned' to underline our commitment to creating a sustainable movie business in the region. The focus will continue to remain on local talent even as we scale up our operations."
About Medient Studios
Medient Studios, Inc. (OTCQBMDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,550-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

CONTACT INFORMATION

Tuesday, March 18, 2014

SeeThruEquity Initiates Research Coverage on Medient Studios with a Price Target of $0.13

SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on Medient Studios, Inc. (OTCQB:MDNT), an entertainment content creation company with a strong presence in North America, Europe and India.

“Medient has a dedicated focus on cost containment and has produced a portfolio of films with a consistent return on investment. Medient plans to reengineer the film production model with the Studioplex, a fully integrated movie and game production facility and campus located in Effingham County, Georgia,” stated Ajay Tandon, CEO of SeeThruEquity. “Once the Studioplex is operational, it will generate production cost savings of 32-43% per film. Our analysis indicates a price target of $0.13 per share, which is detailed in our report.”

The report is available to SeeThruEquity Select Members on SeeThruEquity's website and at: MDNT Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s.

Please review important disclosures on our website at www.seethruequity.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson Reuters One (First Call), CapitalIQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

About Medient Studios, Inc.

Medient Studios, Inc. (OTCQB:MDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,550-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.



SeeThruEquity
Ajay Tandon, 646-495-0939

Monday, March 10, 2014

Medient Studios Listed in S&P Capital IQ Corporation Records Program

Effingham Country, Georgia, GA -  (Marketwired, March 10th, 2014):  Medient Studios (OTCQB: MDNT) announced today that its company information would be made available via S&P Capital IQ Corporation Records Listing Program.  As part of the program, a full description of Medient Studios will be published in the Daily News Section of Standard & Poors’s Corporation Records, a recognized securities manual for secondary trading in up to 38 States under the Blue Sky Laws.  S&P Capital IQ Corporation Records is available in print, CD-ROM, and via the web at  www.netadvantage.standardandpoors.com as well as through numerous electronic vendors.

CEO & Chairman of the Board Manu Kumaran stated “We are happy to take this next step towards building an institutional quality company.  Standard & Poors is a world recognized leader, and we are proud be a part of their listing program.  Medient is aggressively seeking to enhance shareholder value through organic growth, and building a widespread retail and institutional shareholder base.  Being in S&P is an important part of this process.”

The company information about Medient Studios to be made available through this program includes an in-depth description of Medient’s business operations, share price, dividend history, shares outstanding, company financial position, earnings, and full income statement and balance sheet.
 
About Medient Studios
Medient Studios, Inc. (OTCQB: MDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,550-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.

About S&P Capital IQ

S&P Capital IQ, a part of McGraw Hill Financial, is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission.  In the United States, research reports are prepared by Standard & Poor's Investment Advisory Services LLC, a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit: www.spcapitaliq.com

Company information distributed through the Corporation Records Program is based upon information that S&P Capital IQ considers to be reliable, but neither S&P Capital IQ nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such.  This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.


Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

Contacts:                                                                                    

S&P Capital IQ Customer Contact:
Richard Albanese
212 438-3647

S&P Capital IQ Media Relations Contact:
Michael Privitera
212 438-6679