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Saturday, November 01, 2014 9:56:51 AM
MDNT-.0004-Moon-River-Studios-Incredible-NEWS-World's-largest-Studioplex-Government-APPROVED!
Folks, This stock is beat down, pummeled, but not done... The new CEO and COB - Charles Koppleman - have revived this company...
Here are recent developments... all for a .0004 stock...
IDA OKs Moon River master plan
By Patrick Donahue Editor
pdonahue@effinghamherald.net
912-826-5012
POSTED: October 28, 2014 9:06 p.m.
IDA OKs Moon River master plan
After weeks of wrangling and discussion, the Effingham Industrial Development Authority has given the go-ahead to a massive studioplex’s master plan.
IDA members voted 6-0 Monday evening to approve Moon River Studios’ master plan for the 1,560 acres of the IDA’s northern tract at I-16 and Old River Road. The IDA also approved a supplemental agreement to the memorandum of understanding with the studio, but IDA members held off on approving the development schedule.
“We just want some more timelines on when construction will start and how it will proceed,” said IDA Chairman Dennis Webb.
The IDA gave its tacit approval to the supplemental agreement, provided it meets the acceptance of attorney Dan McRae, who helped negotiate the original MOU. Under the terms of the draft supplemental agreement, Moon River must meet a goal of $90 million in capital investment and 527 jobs by year five. The IDA also pledges $1.25 million in site development work for an entrance road and the extension of water, sewer and electrical service.
Webb said if the studio needs to make a modification of the master plan, its officials can ask the IDA for a modification.
The IDA is expected to act on a more detailed development schedule in three weeks.
“I think we’re going to have to have the development schedule fleshed out a little more,” IDA CEO John Henry said. “There are milestones we can put in there to comply with our needs. It doesn’t have to be everything.”
Henry said the schedule goes from granting permits straight to a date of expected completion, without dates of when work will start.
“There is a very broad window of a schedule,” said Ray Pittman, an engineer and former Bryan County administrator contracted by the IDA. “John pointed it out nicely — we want to know when you’re starting construction.”
The members present at the special called meeting also discussed what to do about a potential conflict of interest. David Harris, the newest IDA member, was contracted by the studio to develop its new Web site and performed the work before being named to the board. He also hosts the studio’s site on his servers for $20 a month.
Harris disclosed his work for the studio before joining the IDA, and board members asked if Harris expected to continue working for the studio for what could be a considered a substantial interest.
If other board members agree the IDA member in question has a substantial interest, that member must not be present during any discussion or vote involving that project, Webb said.
Harris’ contract for the Web site work was for $3,250. The Web site was launched Sept. 17, and he is not doing any other project work for Moon River at the time. Harris has told the studio he is available on an as-needed basis, at an hourly rate. His server is hosting the site, moonriverstudios.com, on a month-to-month basis.
“Right now, they do not represent a significant portion of my business income,” he said.
Harris said if he has the opportunity to bid on more work in the future, he would disclose that to the board. The remaining members agreed there is no substantial interest currently, and the $20 a month is not seen as a substantial interest or conflict.
http://www.effinghamherald.net/section/22/article/28857/
Moon River Announces Appointment of CFO
Published: Oct 16, 2014 9:01 a.m. ET
EFFINGHAM COUNTY, GA, Oct 16, 2014 (Marketwired via COMTEX) -- Moon River Studios, Inc. (pinksheets:MDNT) announced the appointment of Steven Bahlmann as its new Chief Financial Officer (CFO), Secretary and Treasurer. As CFO, Bahlmann will be responsible for the financial management of the company, accounting, strategic planning, and investor relationships.
Prior to joining Moon River Studios, Bahlmann was CFO for Markmann Nutraceuticals, Inc. Markmann was a startup contract nutraceutical manufacturer that Bahlmann co-founded. Markmann's success led to its acquisition less than 2 years after it opened its doors. Prior to that, Bahlmann was CFO for the private equity owned Junior Sports Corporation, a junior sports training academy that boasts Hank Haney and Ivan Lendl as lead instructors.
"I am very excited to be on the Moon River Studios team and help this new company grow. I strongly believe that Moon River Studios will have a major positive impact on Effingham County and the surrounding region," stated Mr. Bahlmann.
"Steven has a proven track record as a CFO, where he has significantly improved financial operations and positioned companies for long-term success," said Jake Shapiro, CEO of Moon River Studios. "We're confident in Steven, and know that his leadership as part of our executive team will help propel us forward."
Mr. Bahlmann earned his degree in accounting at the University of Northern Iowa, is a CPA and is a member of the AICPA. He spent the first 5 years of his career with McGladrey, LLP, a national accounting and consulting firm.
About Moon River Studios, Inc.
Moon River Studios, Inc. (pinksheets:MDNT) is a Georgia, U.S. based film production company. In 2013, the Company entered into a lease agreement with the Effingham County Industrial Development Authority ("IDA") whereby it has beneficial ownership of 1560 acres of land in Effingham County. The Company plans to construct motion picture studios and other related amenities on the property for film production. These facilities will include sound stages, production and post production offices, editing suites, warehouses, mills and set fabrication facilities. We refer to this fully integrated film production campus as a "Studioplex."
http://www.marketwatch.com/story/moon-river-announces-appointment-of-cfo-2014-10-16
Medient Studios, Inc. Announces Choate Construction Company Appointed as Construction Manager
Published: Sept 24, 2014 10:36 a.m. ET
FFINGHAM COUNTY, GA, Sep 24, 2014 (Marketwired via COMTEX) -- Medient Studios, Inc. (pinksheets:MDNT) today announced that the Company has engaged Choate Construction Company as the Construction Manager for the Studioplex in Effingham County, Georgia.
Jake Shapiro, Chief Executive Officer of Medient Studios, commented, "We believe that Choate is the regional leader in terms of quality and reputation. From the very beginning, we have been impressed with their professionalism and expertise. The combination of Choate Construction, Bill Foley Designs, and Hussey Gay Bell & DeYoung is our dream team, and we are very fortunate to have them working with us."
"When we were approached by the new management team, we were immediately impressed with the seriousness and conviction of Mr. Shapiro and his assembled team. This is an important project for the region, and we are excited to be a part of it," stated Andrew Verenakis, Senior Pre- Construction Manager at Choate Construction Company.
The initial engagement is for the pre construction and construction specifications for the first Phase of the Studioplex sound stages, offices, public areas, roads, and infrastructure.
About Choate Construction Company
Founded in 1989, Choate Construction Company employs over 350 full-time professionals and is located in Pooler, GA, approximately 12 miles from the Studioplex site. The Company maintains a flat management style, with complete accessibility and communication between executive management and employees in the field. Results include effective collaborations, cost-saving efficiency, and a level of quality that reaches beyond design/building requirements to actual performance needs. Choate Construction Company maintains a co-surety relationship with two of the nation's largest sureties, Zurich and Travelers. Choate Construction's unique Project Control System, with its detailed time management protocol and meticulous procedures, actually shortens construction time and lowers cost without reducing quality.
http://www.marketwatch.com/story/medient-studios-inc-announces-choate-construction-company-appointed-as-construction-manager-2014-09-24
Folks, This stock is beat down, pummeled, but not done... The new CEO and COB - Charles Koppleman - have revived this company...
Here are recent developments... all for a .0004 stock...
IDA OKs Moon River master plan
By Patrick Donahue Editor
pdonahue@effinghamherald.net
912-826-5012
POSTED: October 28, 2014 9:06 p.m.
IDA OKs Moon River master plan
After weeks of wrangling and discussion, the Effingham Industrial Development Authority has given the go-ahead to a massive studioplex’s master plan.
IDA members voted 6-0 Monday evening to approve Moon River Studios’ master plan for the 1,560 acres of the IDA’s northern tract at I-16 and Old River Road. The IDA also approved a supplemental agreement to the memorandum of understanding with the studio, but IDA members held off on approving the development schedule.
“We just want some more timelines on when construction will start and how it will proceed,” said IDA Chairman Dennis Webb.
The IDA gave its tacit approval to the supplemental agreement, provided it meets the acceptance of attorney Dan McRae, who helped negotiate the original MOU. Under the terms of the draft supplemental agreement, Moon River must meet a goal of $90 million in capital investment and 527 jobs by year five. The IDA also pledges $1.25 million in site development work for an entrance road and the extension of water, sewer and electrical service.
Webb said if the studio needs to make a modification of the master plan, its officials can ask the IDA for a modification.
The IDA is expected to act on a more detailed development schedule in three weeks.
“I think we’re going to have to have the development schedule fleshed out a little more,” IDA CEO John Henry said. “There are milestones we can put in there to comply with our needs. It doesn’t have to be everything.”
Henry said the schedule goes from granting permits straight to a date of expected completion, without dates of when work will start.
“There is a very broad window of a schedule,” said Ray Pittman, an engineer and former Bryan County administrator contracted by the IDA. “John pointed it out nicely — we want to know when you’re starting construction.”
The members present at the special called meeting also discussed what to do about a potential conflict of interest. David Harris, the newest IDA member, was contracted by the studio to develop its new Web site and performed the work before being named to the board. He also hosts the studio’s site on his servers for $20 a month.
Harris disclosed his work for the studio before joining the IDA, and board members asked if Harris expected to continue working for the studio for what could be a considered a substantial interest.
If other board members agree the IDA member in question has a substantial interest, that member must not be present during any discussion or vote involving that project, Webb said.
Harris’ contract for the Web site work was for $3,250. The Web site was launched Sept. 17, and he is not doing any other project work for Moon River at the time. Harris has told the studio he is available on an as-needed basis, at an hourly rate. His server is hosting the site, moonriverstudios.com, on a month-to-month basis.
“Right now, they do not represent a significant portion of my business income,” he said.
Harris said if he has the opportunity to bid on more work in the future, he would disclose that to the board. The remaining members agreed there is no substantial interest currently, and the $20 a month is not seen as a substantial interest or conflict.
http://www.effinghamherald.net/section/22/article/28857/
Moon River Announces Appointment of CFO
Published: Oct 16, 2014 9:01 a.m. ET
EFFINGHAM COUNTY, GA, Oct 16, 2014 (Marketwired via COMTEX) -- Moon River Studios, Inc. (pinksheets:MDNT) announced the appointment of Steven Bahlmann as its new Chief Financial Officer (CFO), Secretary and Treasurer. As CFO, Bahlmann will be responsible for the financial management of the company, accounting, strategic planning, and investor relationships.
Prior to joining Moon River Studios, Bahlmann was CFO for Markmann Nutraceuticals, Inc. Markmann was a startup contract nutraceutical manufacturer that Bahlmann co-founded. Markmann's success led to its acquisition less than 2 years after it opened its doors. Prior to that, Bahlmann was CFO for the private equity owned Junior Sports Corporation, a junior sports training academy that boasts Hank Haney and Ivan Lendl as lead instructors.
"I am very excited to be on the Moon River Studios team and help this new company grow. I strongly believe that Moon River Studios will have a major positive impact on Effingham County and the surrounding region," stated Mr. Bahlmann.
"Steven has a proven track record as a CFO, where he has significantly improved financial operations and positioned companies for long-term success," said Jake Shapiro, CEO of Moon River Studios. "We're confident in Steven, and know that his leadership as part of our executive team will help propel us forward."
Mr. Bahlmann earned his degree in accounting at the University of Northern Iowa, is a CPA and is a member of the AICPA. He spent the first 5 years of his career with McGladrey, LLP, a national accounting and consulting firm.
About Moon River Studios, Inc.
Moon River Studios, Inc. (pinksheets:MDNT) is a Georgia, U.S. based film production company. In 2013, the Company entered into a lease agreement with the Effingham County Industrial Development Authority ("IDA") whereby it has beneficial ownership of 1560 acres of land in Effingham County. The Company plans to construct motion picture studios and other related amenities on the property for film production. These facilities will include sound stages, production and post production offices, editing suites, warehouses, mills and set fabrication facilities. We refer to this fully integrated film production campus as a "Studioplex."
http://www.marketwatch.com/story/moon-river-announces-appointment-of-cfo-2014-10-16
Medient Studios, Inc. Announces Choate Construction Company Appointed as Construction Manager
Published: Sept 24, 2014 10:36 a.m. ET
FFINGHAM COUNTY, GA, Sep 24, 2014 (Marketwired via COMTEX) -- Medient Studios, Inc. (pinksheets:MDNT) today announced that the Company has engaged Choate Construction Company as the Construction Manager for the Studioplex in Effingham County, Georgia.
Jake Shapiro, Chief Executive Officer of Medient Studios, commented, "We believe that Choate is the regional leader in terms of quality and reputation. From the very beginning, we have been impressed with their professionalism and expertise. The combination of Choate Construction, Bill Foley Designs, and Hussey Gay Bell & DeYoung is our dream team, and we are very fortunate to have them working with us."
"When we were approached by the new management team, we were immediately impressed with the seriousness and conviction of Mr. Shapiro and his assembled team. This is an important project for the region, and we are excited to be a part of it," stated Andrew Verenakis, Senior Pre- Construction Manager at Choate Construction Company.
The initial engagement is for the pre construction and construction specifications for the first Phase of the Studioplex sound stages, offices, public areas, roads, and infrastructure.
About Choate Construction Company
Founded in 1989, Choate Construction Company employs over 350 full-time professionals and is located in Pooler, GA, approximately 12 miles from the Studioplex site. The Company maintains a flat management style, with complete accessibility and communication between executive management and employees in the field. Results include effective collaborations, cost-saving efficiency, and a level of quality that reaches beyond design/building requirements to actual performance needs. Choate Construction Company maintains a co-surety relationship with two of the nation's largest sureties, Zurich and Travelers. Choate Construction's unique Project Control System, with its detailed time management protocol and meticulous procedures, actually shortens construction time and lowers cost without reducing quality.
http://www.marketwatch.com/story/medient-studios-inc-announces-choate-construction-company-appointed-as-construction-manager-2014-09-24
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