Los Angeles and New York-based Out East Entertainment and Miami-based Mindpix Corporation (OTC Pink: MPIX) (PINKSHEETS: MPIX) announce a joint venture to create New Gospel Entertainment.
New Gospel Entertainment (NGE) is created to leverage the growing influence of the faith-based market, which is projected to have a spending power of $1.7 trillion by 2017. With an emphasis on creating live events and original content for the broadcast, digital and radio markets, NGE will appeal to a core multigenerational audience that values strong family connections and is extremely loyal to brands that are active in their community.
"We are very excited to be partnering with Mindpix in the creation of New Gospel Entertainment. Mindpix brings a robust digital distribution and marketing platform to our original content experiences," said Steven Marrs, OEE President & Managing Partner. "Our belief in the faith-based market and its future is strong and this new venture allows us to leverage our relationships in the faith-based community with talent, brands and media to create and distribute compelling original content experiences domestically and abroad across multiple media platforms."
"Given the strong relationships Out East Entertainment already has in the faith-based marketplace, it made sense to partner with OEE in forming New Gospel Entertainment," said Victor Siegel, CEO of Mindpix. "Together we can distribute through our digital platforms the very content that brings the gospel community's beliefs to life -- not only within the current domestic markets, but to an international audience as well."
The first initiative to come out of NGE is the "Bridge to Believe" tour. In a historical first, Billboard chart-topping and Stellar Award-winning gospel greats Bishop Hezekiah Walker, Tye Tribbet, and in select markets, Vashawn Mitchell, will join forces on a praise worthy 22-city U.S. tour. Beginning September 8, it will bring to life Gospel's spiritual roots and point to its exciting future. It is a can't miss event that will find its way to 22 mega churches across the country and will be distributed on the Mindpix digital platforms domestically and around the world.
Commented Mr. Siegel further, "As we continue to roll-out revenue generating programs across entertainment, music, sports and U.S. Hispanic media properties, the establishment of NGE and the ground breaking 'Bridge to Believe' tour is another example of the power of our platform, industry relationship and the value of our world class of our Board of Advisors."
ABOUT OUT EAST ENTERTAINMENT
Out East Entertainment is an independent multimedia entertainment studio where ideas are brought to life by connecting creative talent, content creators and distributors to create compelling programming for broadcasters and distributors globally. Led by Steven Marrs, Out East Entertainment is based in Los Angeles with a satellite office in New York.
ABOUT MINDPIX CORPORATION
Mindpix Corporation (OTC Pink: MPIX) is a technology driven multi-platform media company focused on owning, creating and/or managing multi-media entertainment and sports and US Hispanic properties across the globe. Through a unique eco-system, MPIX provides the critical on-line video technology, production, digital marketing, audience development, payment services, sponsor acquisition, digital and traditional media distribution services to drive revenue for live and VOD (video on demand) events globally. MPIX disclosure and financial information is published on OTC Markets and can be found at the following site: http://www.otcmarkets.com/stock/MPIX/filings/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
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SOURCE: Mindpix Corp.