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LOS ANGELES--([ BUSINESS WIRE ])--Mike The Pike Productions (OTC: MIKP) announces today that it has acquired Saint James Films, LLC ([ www.saintjamesfilms.com ]) as a wholly owned subsidiary. The deal was signed effective January 23, 2012 and books, records, domains and contracts delivered earlier this week. Saint James Films produces low-budget genre films for the global marketplace that have proven particularly attractive to buyers in international markets. The business model focuses on films with budgets under $1m with potential for significant ROI.

"The acquisition is a no-brainer in terms of an asset acquisition with active accounts receivables. All of the films produced thus far by the seller have included pre-sales to foreign territories in excess of their original budgets, giving Mike the Pike Productions a proven business model for consistent cash-money revenues."

Paramount Pictures recently adopted a similar model: [ http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/12/paramount-to-launch-microbudget-movie-division.html ]

Saint James Films (SJF) ([ www.saintjamesfilms.com ]) includes a network with extensive experience in production, sales, distribution and investment banking; creating content with longstanding relationships to buyers worldwide and with presence at major film markets around the world, including the AFM, Berlinale and Cannes.

As MIKP ([ www.mtpprods.com ]) CEO, Mark B. Newbauer, stated in an earlier release, aThe acquisition is a no-brainer in terms of an asset acquisition with active accounts receivables. All of the films produced thus far by the seller have included pre-sales to foreign territories in excess of their original budgets, giving Mike the Pike Productions a proven business model for consistent cash-money revenues.a

Key executives for SJF to be announced in a follow up release soon, as well as logo/website updates and detailed plans for the subsidiaryas achievements and agenda for 2012.

MTP and its partners have currently locked a final rough cut of sci-fi thriller, White Space, and move to scan the picture to digital format, after which visual effects, score and other elements will be finalized toward optimal sales.

IMPORTANT SHAREHOLDER LINKS:

• Visit our blog on [ 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. Martinas The Skin Trade: [ www.theskintrademovie.com ]
• GRRM The Skin Trade Facebook: [ www.facebook.com/BlackstoneManor ]