PINR NEWS 05/06/2009 `FORT WAYNE, IN, May 05, 2009 (MARKETWIRE via COMTEX) -- In the news release,
"Mike The Pike Productions, Inc. Sets the Stage for Concert Promotions Revenue,"
issued earlier today by Pine Ridge Holdings (PINKSHEETS: PINR), we are advised
by the company that the headline should read "Mike The Pike Productions, Inc.
Acquires Pine Ridge Holdings Today" rather than "Mike The Pike Productions, Inc.
Sets the Stage for Concert Promotions Revenue" as originally issued. In
addition, the subheadline should read "MTP Prods Finalizes Purchase of PINR With
Entertainment Industry Business Model" rather than "MTP Prods Implements Concert
Promotions Division With Key Exec." as originally issued. Complete corrected
text follows.
Mike The Pike Productions, Inc. Acquires Pine Ridge Holdings Today
MTP Prods Finalizes Purchase of PINR With Entertainment Industry Business Model
FORT WAYNE, IN -- May 05, 2009 -- Mike The Pike Productions, Inc. CEO/President,
Mark B. Newbauer, signed paperwork this morning to finalize the company's
purchase of Pine Ridge Holdings (PINKSHEETS: PINR) to facilitate the launch of
MTP Prods as a publicly traded entity. Newbauer says the "number of authorized
shares in PINR will not increase and we have no plans for a reverse split." As
part of the acquisition, MTP will be issuing 350 million restricted shares. "I
feel confident that existing shareholders will be pleased with our business
model and the fact that we are an entertainment company that will be able to
show profits in its first year in the form of our concert promotions division
should prove impressive to newcomers as well."
MTP Productions, with a focus on Feature Film Development and Production as well
as Concert and Event Promotions, will kick off its foray into the public eye
with a summer concert season bringing name talent to venues with anywhere
between 2000-25000+ seating capacity.
Newbauer feels the first big show should be demonstrative as to what
shareholders can expect in terms of quality and profitability. "MTP's first
major show is already in development and will be held in the Midwest U.S. at a
newer venue with a seating capacity of 14,000+ people. Our Director of Concert
Promotions, Kelsi Velpel, is currently looking at name talent on tour this
summer to pull for a show date in late July/August. We'll also be putting on a
small to mid size show prior to that event featuring widely recognized talent
prior to our first big event." MTP and Kelsi Velpel have strategic relationships
with agencies like ICM and William Morris-Endeavor as well as booking agencies
nationwide and venues internationally.
All the while, MTP owners will facilitate the movement of their feature film
development company, Mike The Pike Films, LLC, into the Mike The Pike
Productions banner as its Feature Film and Television development/production
division. A website for Mike The Pike Productions is currently under
construction and announcements toward attachments and co-production ventures
will be forthcoming.
MTP productions can be followed on Twitter @MTPPRODS
Safe Harbor: This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Statements
contained in this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
Contact:
Newbauer Media Relations
Mike The Pike Productions, Inc.
Email: info@mikethepikeprods.com
SOURCE: Pine Ridge Holdings
CONTACT: mailto:info@mikethepikeprods.com
