Medient Studios, Inc. (OTCQB: MDNT) ("Medient") which plans to turn the Hollywood film production model upside down by building the world's largest mega Studioplex, was selected as Bob Flaherty's personal Favorites of the Famous stock pick to hold for the next 12 months in Flaherty Financial News Newsletter #42. Medient also is separately featured in Flaherty Financial News Newsletter #43.
Founding CEO Manu Kumaran's Medient plans to turn the Hollywood film production model upside down by building the world's largest mega Studioplex in Effingham County, Georgia. He pledges to do to Hollywood what Henry Ford did to automotive manufacturing when Ford introduced the assembly line.
While Tinsel Town titans scoff, the feature story on Medient describes nuts and bolt details of how management is building "an Intellectual Property Factory to change the world." Advanced technology will be able to create many famous city surroundings without journeying to the actual spots. Around the clock film making will take place with some films made in more than one language or with multiple casts. In addition, a tremendous amount of tax credits from locating in the state of Georgia are possible. "Often in a typical shooting day we only shoot for up to two hours in a 12 hour day," the article quotes Kumaran. "With our technology pipeline, as designed and implemented, we could be shooting 6 or 7 hours a day. That is shrinking the time to produce to a third, maybe a quarter."
To his skeptics Kumaran wrote, "You don't control our destiny -God and the believers do."
To his believers (otherwise known as shareholders) he wrote, "Once the Studioplex is operational, Medient will be one of the largest content creators in the world. This is the dream that I invite you to be a part of. If it excites you, then I welcome you to the journey."
The complete article containing our Medient Studios profile presentation snapshot as well as our earlier separate Favorites of the Famous annual feature can be found archived on our Flaherty Financial News website at http://www.flahertyfinancialnews.com/ .
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Flaherty Financial News Inc. ("FFN") is the publisher of totally-electronic coverage of interesting public companies. FFN was launched in February 2007 by the "legendary financial editor" Bob Flaherty, Editor and Chairman of Flaherty Financial News Inc., and his son Brian, President and Publisher. While previously serving as Chairman and Editor of Equities Magazine for twenty-five years and also Editor-in-Chief of Equities Special Situations, Bob had one of the most consistent and highest ranked long-run performance records measured by Hulbert Financial Digest. He is also an award-winning retired Senior Editor of Forbes Magazine, where he wrote 33 cover stories, two shy of the all-time Forbes record. He was also Chairman of The Over-The-Counter Securities Fund. Bob Flaherty is a Magna Cum Laude graduate of Harvard College in economics and also has an MBA with a Distinction in Finance from Harvard Business School. A former president of the New York Financial Writers' Association, Bob is a co-founder of their annual student scholarship program and their annual award for significant long-term achievement in financial journalism.
This news release contains "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of l995) regarding the snapshot of the Median Studios, Inc. company profile presentation and its future business plans. These statements involve known and unknown risks and uncertainties. Such risks and uncertainties may cause actual results and future achievements of all of the companies to be materially different than those implied by these forward-looking statements. Flaherty Financial News Inc. and Medient Studios, Inc. have and undertake no obligation to provide public updates and revisions to these forward-looking statements to reflect any changes in their expectations of future events.
Flaherty Financial News Inc.
Brian D. Flaherty
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SOURCE: Flaherty Financial News