One Step Ahead

[Bo14172]

CKPI-O/S less than 15m. Afterhours Paris Hilton news yesterday.

Downticking at the bell (-.02) so just keep on close watch for now. Bo

(PS...the last 10QSB to the SEC showed an o/s of 10.66mil. They registered shares after this (under 5 million) but it isn't clear if any of those were issued, so from what I can see the o/s is under 15 million but I'm not sure of the exact number.)

http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1889842&guid=%7B1EB1....


..and today's profile by shazamstocks. http://profiles.shaazamstocks.com/ckpi/index.htm

Welcome to our comprehensive Profile on
Cedric Kushner Promotions, Inc.

Executive Highlights

“We build and control exciting content that people pay for.”
Jim Dilorenzo, Ckrush Entertainment Inc.

Cedric Kushner Promotions, Inc. (OTC: CKPI) was founded in 1974. The flagship division Ckrush Entertainment, was formed in July 2004, with three vertically-integrated divisions: Ckrush Entertainment, Ckrush Sports, and Ckrush Direct.

Cedric Kushner Promotions, however, is no start-up. Just ask Paris Hilton, star of Ckrush Entertainment’s latest production, “National Lampoon’s Pledge This!”

At its inception, Cedric Kushner Promotions was already reaching the consumption powerhouse of men, ages 18-44, with uncensored entertainment, sports, and products. This target demographic reaches more than 15 million (and counting) in the US alone with total spending conservatively estimated at $200 billion a year.

Cedric Kushner Promotion’s marketplace is virtually unlimited, with distribution of its properties occurring rapidly both domestically and internationally.

Ckrush Entertainment, the company’s flagship division, has accomplished what few, small independent production houses have ever achieved – it has managed a major motion picture from concept to
reality...

What’s more, Cedric Kushner Promotions opened its doors with a large and growing stock of intangible assets, including video and TV libraries and trademarks, as well as a world-class track record in and strong revenues from its boxing operations, and vast networks of contacts in both entertainment and sports. Leveraging those impressive assets, each of the Cedric Kushner Promotions divisions finalized lucrative, high-profile deals and launched new initiatives within their first few months of operation:

Beating the Odds in Independent Filmmaking
With its collective contacts and expertise, the Cedric Kushner Promotions management team landed an internationally-recognized star – Paris Hilton – and, with Hilton on board, licensed a major brand – National Lampoon. The team then signed the largest talent and literary agency in the world – William Morris Agency; negotiated all contracts and foreign rights; secured all financing; oversaw script development; and landed a major studio. The result is “National Lampoon’s Pledge This!” starring Paris Hilton, anticipated to be one of 2005's breakout hits!

That success has brought new attention and opportunity. Case in point – Ckrush Entertainment has also produced “Pauly Shore is Dead” starring Pauly Shore and featuring Ben Stiller, Sean Penn, Tom Sizemore, Chris Rock, Whoopi Goldberg, Heidi Fleiss, and Ellen DeGeneres, among other marquis names. Numerous other films are in various stages of development.

Of greater long-term significance, the company is finalizing plans to acquire, in whole or part, two film distribution companies. Those acquisitions will give the company control over a major film library, immediate, ongoing cash flow from continuous theatrical, DVD, video, and cable uses of its content, as well as the resources to handle national and international distribution of all projects.

In addition, working with Gary Gittlesohn, former President of Marvel Studios, the division plans to open a Los Angeles office this spring and launching an independent television production business. Gittlesohn, who has also joined the Cedric Kushner Promotions Advisory Board, offers Cedric Kushner Promotions unparalleled credibility in the industry and an unparalleled network of existing relationships with all major networks as well as A-List talent, producers, and directors.

Ckrush Entertainment’s operations will receive an added boost from two new sections of the Internal Revenue Code, which permit qualified films or television productions costing less than $15 million to expense production costs in the year incurred, and to deduct up to 9% of “qualified production activities income” for the taxable year.

Ckrush Sports Already a Major Player
Ckrush Sports division is capitalizing on the Cedric Kushner Promotions management team’s considerable experience in boxing management and promotion. Along with that expertise, the division’s assets include a library of more than 2,000 hours of professional boxing footage, making it a key content supplier to broadcast companies worldwide, such as HBO, Showtime, and Brazil’s GlobalSat. CKP has the exclusive promotional rights in some of the
worlds premier fighter's including David Tua, Shannon Briggs & Jameel McCline.

The division is also taking steps to expand into other sports arenas through other strategic partnerships.

Ckrush Direct Capitalizing on Consumer Products
Ckrush Direct, the consumer products arm of Cedric Kushner Promotions, Inc., licenses and markets products aimed at male consumers. It is particularly focused on leveraging the explosion in the DVD marketplace, especially among its male customers, who have a huge, global appetite for DVDs. Among its recent successes, Ckrush Direct licensed a raw, uncensored video series, “DV-Divas,” which it is selling on a subscription basis and broadcasting through a deal with iN DEMAND, the world’s largest provider of video-on-demand and pay-per-view TV programming. Many exciting products are in the pipeline, focused on delivering consumer products to the male sector, while creating cross-selling opportunities.

“This is a rare company with the total package,” explains Ckrush Entertainment President Jim DiLorenzo. “Each of our divisions has the resources and professional network to handle development, production, and distribution. We entered the marketplace with a proven ability to identify, lock down, and develop coveted content.”