Prime Focus to Partner Medient in Georgia Studio Project

Prime Focus to Partner Medient in Georgia Studio Project 
HOLLYWOOD, CA -- (Marketwired) -- 05/07/13 --  Medient Studios, Inc
(OTCQB: MDNT) today announced that Prime Focus Limited ('Prime
Focus') and Medient Studios, Inc ('Medient') have entered into an
initial non-binding Memorandum of Understanding which provides that
Prime Focus and Medient shall execute a definitive agreement within
90 days for the provision of equipment, technology and skill transfer
by Prime Focus to Medient. 
Prime Focus is a market leader in the provision of post-production
and visual effects services and is a major supplier of production
equipment. Under the terms of the joint venture, Prime Focus will
provide production and post-production equipment, work flow
technologies and skill transfer for Medient's megastudio project.  
Mr. Manu Kumaran, chairman and CEO of Medient estimates that the
Prime Focus contribution is worth in excess of $40 million. 
Production & Post Production equipment and services will include: 


 
--  Cameras, lighting gear and other production equipment
--  Cutting edge full service post production
--  Offline and Online Editing, Color Correction and Grading Systems,
    Flame & Smoke suites and other post production equipment and
    software
--  State of the art preview theatres with 3D
--  Post production sound including mixing theatres
--  Complete film and video transfer services

  
VFX & Animation equipment and services will include: 


 
--  Conceptual design, look development, on-set supervision, dynamics,
    on-location HDRI capture
--  3D animation/CGI, cosmetic enhancement, matte painting, compositing
    and finishing

  
This will form part of the initial $90 million Medient plans to invest
in the 1500 acre site in Effingham, GA. Details under which Medient
will develop the site, including its movie studios, entertainment
facility and campus, were covered in the MOU signed with Effingham
County Industrial Development Authority on March 19, 2013.  
Mr. Namit Malhotra, founder and CEO of Prime Focus stated, "We are
excited to be part of Medient's inspirational vision to reengineer
the movie business." 
Mr. Manu Kumaran stated, "This is the next level of firming up a very
special relationship that has spanned the lifetime of Medient. Prime
Focus has been a great partner of Medient and we are happy and proud
that the relationship is progressing further." 
About Prime Focus 
Prime Focus Limited (BSE: 532748) (NSE: PFOCUS) (ISIN: INE367G01038)
(www.primefocusworld.com) is a global visual entertainment services
group that provides creative and technical services to the film,
broadcast, and advertising market. The group offers a genuine
end-to-end solution from pre-production to final delivery --
including visual effects, 2D to 3D conversion, video and audio post
production, equipment hire, multi-platform content operations
solutions and digital distribution. 
Prime Focus has a team of over 4,500 people with state-of-the-art
facilities throughout the key markets of North America, UK and India.
Using its 'Worldsourcing' business model, Prime Focus provides a
network that combines global cost advantages, resources and talent
pool with strong relationships and a deep understanding of the local
markets. 
About Medient  
Medient (www.medient.com) is a publicly listed company (OTCQB: MDNT).
It 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. 
Contact: 
R. Jerry Falkner, CFA
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
or via email at info@rjfalkner.com 
 
 
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