MPIX has begun negotiations with major tourist destinationsfor the creation of large format 3D films as well as related theater destinations.
The destination business model is similar to the existing IMAX Theater at the Grand Canyon, which Mr. Merrill conceived and developed, and for which he produced and directed, Grand Canyon The Hidden Secrets that has generated over $500 million in revenues since opening.
Two businesses divisions under the Mindpix mantel:
i) Mindpix Media Services and
ii) Mindpix Presents, allows the Company to:
1. Fully leverage our technology and human capital, creating 2 revenue streams
2. (i)Mindpix Media Services and (ii) Mindpix Presents put us in a very unique **growth** position as we are continuing toaggressively roll outour products and services.
3. (i) Mindpix Media Services is more focused on immediate revenue opportunities and aggressive customer acquisition activities
(ii) Mindpix Presents takes a longer-termview on value creation and buildingintellectual property assets.
4.a) We believe the equity stakes under (ii) Mindpix Presentswill add substantial value for the company and our shareholders.
b) These are long term capital asset projects where our goal is to create recurringrevenue streams from both digital and in theater distribution.