Mike The Pike Productions, Inc. Reclaims Ownership of ServeNation™ Prepaid Debit Card Program
FORT WAYNE, Ind.—(BUSINESS WIRE)—Mike The Pike Productions, Inc. (Pink Sheets: MIKP) announces today that, per terms of an agreement with Advanced Content Services, Inc. (Pink Sheets: ADCS), ownership of ServeNation™ (www.servenation.com) has reverted back to Mike The Pike Productions, Inc.
ServeNation is a prepaid debit card platform in a $300+ billion market, implementing a Give while you Live™ consumer/spending lifestyle that looks to harvest sustainable connection and awareness among consumers, corporations and charitable/non-profit organizations.
As a condition of ownership reverting back to MIKP, All ADCS shares issued to MIKP will, in turn, revert back to ADCS treasury, including 840,000,000 common shares and 110,000 Preferred A shares. As well, Mark B. Newbauer, who serves as CEO for both MIKP and ADCS, will look to step down as an officer of ADCS so as to facilitate full potential for both entities.
Newbauer comments, “We knew a time would come in which progress would deem changes necessary to corporate structure. Our progress on the feature film side with Mike The Pike Productions is tremendous. We’re gearing up ‘White Space’ for worldwide sales, in development on George R.R. Martin’s ‘The Skin Trade’ and near completion on three books under our Graphic Novel/Books division, in addition to other items that have yet to be announced. To add a dynamic model like ServeNation to the mix gives us diversity and major upside potential in terms of revenues, growth and project funding.”
He continues, “There are also significant opportunities at hand for Advanced Content Services, Inc. which will better serve shareholders there under new management and steps have been taken to ensure the best possible success moving forward without missing a beat.”
IPODesktop’s Francis Gaskins interviews CEO Mark B. Newbauer, including a focus on the company’s sci-fi thriller, ‘White Space’ –
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