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Medient Studios Announces Appointment of New Independent Directors(November 08, 2012)
HOLLYWOOD, CA -- (Marketwire) -- 11/08/12 -- Medient Studios, Inc (OTCQB: MDNT) today announced that Matthew Mellon and Joseph Giamichael have been appointed to the Company's Board of Directors as of November 5, 2012.
As an entrepreneur, founder, and private equity investor, Mr. Mellon has been involved with such companies as Jimmy Choo, Harry's of London, Hanley Mellon, and Marquis Jets. In the private equity sector, he regularly consults with family offices and business owners in Europe, the Middle East, Asia, and North America. Mr. Mellon is also Chairman of the New York Republican Party's Finance Committee, having been appointed to that position by State Chairman Ed Cox in May 2011.
Mr. Mellon is a direct descendant of Judge Thomas Mellon, founder of the Mellon Bank, now Bank of New York Mellon Corp., on his paternal side. On his maternal side, he is a direct descendant of Anthony Joseph Drexel, founder of Drexel-Burnham-Lambert. Mr. Mellon maintains associations with Drexel University and Carnegie Mellon University, both of which were founded by family members. He is also involved with the National Gallery of Art in Washington, DC, where the nucleus of the institution's collection was donated to the nation by his Great Uncle, Andrew Mellon.
Mr. Giamichael is the founder and Chief Executive Officer of Umbrella Research and Advisory, an emerging growth research and advisory financial services boutique. Mr. Giamichael has extensive capital markets experience, including over a decade as a publishing analyst and several years as a trader with an emphasis on special situations, as well as having served as an advisor to a middle markets-oriented private equity firm. Mr. Giamichael earned his Bachelor of Science degree from Skidmore College and was previously employed by Global Hunter Securities LLC, Rodman and Renshaw LLC, CJS Securities LLC, and Knight Capital Group.
"As our corporate vision transforms into business reality, it becomes critical to have world-class leadership to guide the growth of the Company," stated Manu Kumaran, Chief Executive Officer of Medient Studios. "We appreciate the past successes and career experiences of Mr. Mellon and Mr. Giamichael and believe they will provide invaluable counsel to our Board and management team as we move forward with our plans to transform the economics and operational efficiencies of producing theatrical movies."
About Medient Studios, Inc.
Medient (www.medientstudios.com) is a global film production and distribution company with a strong presence in the world's two largest movie markets -- North America and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing in excess of 250 movies. To date, approximately 14 movies, two music acts and several hundred live performance shows have been produced under the Medient banner. The Company is in the process of significantly scaling up its operations, including its planned entry into the electronic games sector.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
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