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[QUOTE]Originally posted by kermit42: [QB] Wow! Has it been this long? PINR had a great week, up 400% on huge volume. Buyout news, etc. Looks to be waking up after a few months of dormancy for the best run it's had since last summer. The MOMO machine still has plenty of life in it. Mike The Pike Productions, Inc. Signs Letter of Intent to Acquire Pine Ridge Holdings 3:03p ET April 23, 2009 (Market Wire) Mike The Pike Productions, Inc. President, Mark B. Newbauer, announces plans to purchase controlling ownership interest in Pine Ridge Holdings Company (PINKSHEETS: PINR) toward a reconstruction of its overall business model. The transaction is underway as both parties have signed off on a Letter of Intent issued by Newbauer yesterday. The reconstruction involves implementing a multi-faceted entertainment company with a priority focus on Feature Film development and production as well as Concert Promotions. Newbauer is highly anticipating finalization so the company can move forward with projects it currently has in development. "We are very pleased with our decision to move forward with the company in this manner and feel it will facilitate materialization of the groundwork we've laid thus far toward an ultimate goal of becoming a 'mainstream independent' production entity." Mark and his sister, Beth Newbauer, founded Mike The Pike Films, LLC (www.mikethepikefilms.com) in 2002 to develop feature film projects and present the benefits of film production tax incentives to state legislatures well before it became an industry trend. Beth will be serving as Vice President of Mike The Pike Productions. This year, Mike The Pike Productions was formed to expand the company's brand, enabling Mike The Pike to take on Music and New Media development. The team feels that their experience and key contact base in the entertainment industry will serve them well as they begin to develop a concert promotion division alongside the films currently in development. Further Executive staff will be appointed over the next few weeks in conjunction with production announcements and steps toward the company's long-term goal of implementing a studio system in the Midwest or Southeast United States. Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. [/QB][/QUOTE]
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