Subject to approval of third party licensors of the terms set forth to the Company’s Board of Directors by Parkinson, the Board unanimously approved the deal terms set forth for the acquisition of certain rights in and to the following properties: a). The 2010 Oscar-nominated family film, “The Secret of Kells”; b). The 2010 Slamdance Film Festival Audience Award winning action-adventure film, “The Wild Hunt”; c). The critically acclaimed, 2010 Sundance Film Festival Dramatic / Audience Award Winning film “HappyThankYouMorePlease”; d). The epic science-fiction animated adventure, “Thru The Moebius Strip”; e). The 2009 Tribeca Film Festival Best Film (Documentary) winner, “Racing Dreams”; and f). The period piece, dramatic-thriller, “The Countess.” The release plans set forth by Parkinson for these titles indicated a collective gross revenue potential exceeding $25-million, approximately half of which was attributable alone to “HappyThankYouMorePlease,” a highly commercial “date- friendly” romantic comedy that has garnered enthusiastic reviews and significant revenue predictions from top film industry publications.
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