|By Marketwired .||
|May 30, 2014 12:49 PM EDT||
MIAMI BEACH, FL -- (Marketwired) -- 05/30/14 -- Mindpix Corporation (PINKSHEETS: MPIX) (OTC Pink: MPIX) ("Mindpix" or the "Company"), is pleased to announce that New Gospel Entertainment ("NGE") an MPIX majority owned venture with Out East Entertainment will be adding 2 more national multi-media Gospel tours to its current portfolio. In addition to the previously announced Bridge to Believe tour, NGE is developing a late Fall 2014 Tour with Yolanda Adams and a Spring 2015 Tour with Vashawn Mitchell and Tasha Cobb.
NGE was created to leverage the growing influence of the gospel faith-based market, which is projected to have a spending power of $1.7 trillion by 2017. The goal of the joint venture is to create an ongoing series of live concert events and original content programs for multi-media broadcast and distribution. The tours and all properties under the NGE umbrella will generate revenue through traditional ticket sales, merchandising, sponsorships and advertising as well as through new media streaming/VOD events and social media driven ancillary revenue opportunities. NGE events and content will appeal to a core multigenerational audience that values strong family connections and is extremely loyal to brands that are active in their community.
The first concert tour announced by New Gospel Entertainment for the September and October of 2014 is "Bridge to Believe", is a 22-city US tour with Multi-Grammy Award winning artist Bishop Hezekiah Walker, Tye Tribbet and Stellar Award winning artist Vashawn Mitchel. The tour concerts will be held in some of the nation's largest (5000 seat) mega-churches in the following cities:
Dallas Nashville Pittsburgh Houston Charlotte Cincinnati New Orleans Columbia Detroit Miami Chicago Jacksonville Ft. Washington Indianapolis Atlanta St. Louis Philadelphia Birmingham Trenton Memphis Jamaica Raleigh Durham
The three tours are projected to generate NGE in excess of $10 million in gross aggregate revenue starting in Q3 2014 through Q2 2015. In addition to producing the tour, NGE will create original broadcast media content for multi-media distribution. This will be a combination of long format concerts as well as individual songs and special behind the scenes looks and personal interviews with key opinion leaders and artists. These media assets will be utilized to generate additional digital advertising revenue as well as streaming and video on demand (VOD) purchases for both concerts and short form content.
Steven Marrs, OEE President & Co-Managing Partner of NGE states. "We've always envisioned NGE as home to multiple events and media properties, traditional and digital, addressing this large untapped market. The model of combining live events with the creation of original content is a win-win strategy for our artists and sponsor partners. . This opportunity to create and distribute new compelling original content experiences is greatly expanded by the new digital strategy that MPIX is employing. We truly look forward to growing these franchise banded properties well into the future."
"Steven and I could not be more pleased with the progress of NGE and the recent very positive developments. Out East Entertainment's extraordinary relationships within the faith-based marketplace have allowed the development of these first three tours as well as a host on original content opportunities to monetize with sponsors and direct offerings to an expanded global audience through paid streaming and VOD distribution," said Victor Siegel, CEO of Mindpix and Co-Managing Partner of NGE. "As we roll-out each tour, the social media relationships we are developing will be major assets to market new offerings and reach this audience directly in the future. Each year and with each and every event produced this social community and database grows with MPIX capturing social media information and analytical metrics. This joint venture is an exceptional example how MPIX will combine both of its divisions, MPIX Media Services and Mindpix Presents to create long term capital assets and recurring revenue streams for the future. As always MPIX is completely focused on generating top line revenue and long term shareholder value."
About Mindpix Corporation
Mindpix Corporation (PINKSHEETS: MPIX) (OTC Pink: MPIX) is a technology driven multi-platform media company focused on owning, creating and/or managing multi-media entertainment and sports and US Hispanic media properties across the globe. Through a unique eco-system, MPIX provides the critical on-line video technology, production, digital marketing, audience development, payment services, sponsor acquisition, digital and traditional media distribution services to drive revenue for live and VOD (video on demand) events globally.
MPIX disclosure and financial information is published on OTC Markets and can be found at the following site: http://www.otcmarkets.com/stock/MPIX/filings/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
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