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This is a brief update on the sale of our wholly owned subsidiary, ServeNation, Inc., a prepaid debit program founded by Mark B. Newbauer and Jasmine Raja after purchasing the program name, LLC and national customer lists from its original owner.  I am using an email from a shareholder which summarized other questions well, to answer.  Please feel free to call us or email with any questions until further public release on the subject. 
 Is ServeNation 100 percent owned by MIKP:  Currently, yes. 

or just a fraction as stated in your most recent PR about the sale of ServeNation to one of your lenders: The 27.5% that we will retain in equity ownership and revenue shares is what we agreed on as part of the conditions of the sale, as per the last press release. 

  Not sure I understand this ServeNation information. This will be clarified in a release once the deal is consummated in full— this is not something I wanted to give an effective date on as the public markets, and the work involved with being a public company can take a timeline from weeks to months as we’ve all witnessed, I’m sure.  That said—- We agreed to sell ServeNation for $350k to a committed JV Group.  Their intent is to take the company public, most likely a bulletin board company and with executives from Chicago that have a great deal of experience and success with large ventures.  I agreed, on behalf of the company, toward collective benefit, to allow for payment once the most suitable scenario for ServeNation was identified and prepared by the buyer.  Further, though we have agreed to sell, I will not let ServeNation go casually and terms have been built in to our agreement in which they must satisfy both cash payment along with an actionable plan for program deployment and success.  They have a great head start as, again, we already have established strong relationships with a major financial institution as well as a network for the card, which CURRENTLY includes one or more of the following:  Visa, Mastercard, Discover, Amex.  This has been previously announced, however the specific company has not as there was no reason, in my opinion, to do this until the program was closer to launch.  Announcement otherwise would have been premature in my opinion and feel that knowing we’re working with a major global network, would suffice.   
Per recent discussions, Jasmine Raja will remain on the Board as Director or continue to serve as CEO for ServeNation, Inc. with best collective interests on hand.  All announcements by the new company will be shared publicly with MIKP holders via press release as we will be holding a significant stake in the company with the 27.5%.   

This is a brief update on the sale of our wholly owned subsidiary, ServeNation, Inc., a prepaid debit program founded by Mark B. Newbauer and Jasmine Raja after purchasing the program name, LLC and national customer lists from its original owner.  I am using an email from a shareholder which summarized other questions well, to answer.  Please feel free to call us or email with any questions until further public release on the subject. 

 Is ServeNation 100 percent owned by MIKP:  

Currently, yes. 

or just a fraction as stated in your most recent PR about the sale of ServeNation to one of your lenders: 

The 27.5% that we will retain in equity ownership and revenue shares is what we agreed on as part of the conditions of the sale, as per the last press release. 

  Not sure I understand this ServeNation information. 

This will be clarified in a release once the deal is consummated in full— this is not something I wanted to give an effective date on as the public markets, and the work involved with being a public company can take a timeline from weeks to months as we’ve all witnessed, I’m sure. 

 That said—- We agreed to sell ServeNation for $350k to a committed JV Group.  Their intent is to take the company public, most likely a bulletin board company and with executives from Chicago that have a great deal of experience and success with large ventures.  

I agreed, on behalf of the company, toward collective benefit, to allow for payment once the most suitable scenario for ServeNation was identified and prepared by the buyer.  Further, though we have agreed to sell, I will not let ServeNation go casually and terms have been built in to our agreement in which they must satisfy both cash payment along with an actionable plan for program deployment and success.  

They have a great head start as, again, we already have established strong relationships with a major financial institution as well as a network for the card, which CURRENTLY includes one or more of the following:  Visa, Mastercard, Discover, Amex.  

This has been previously announced, however the specific company has not as there was no reason, in my opinion, to do this until the program was closer to launch.  Announcement otherwise would have been premature in my opinion and feel that knowing we’re working with a major global network, would suffice.  
 

Per recent discussions, Jasmine Raja will remain on the Board as Director or continue to serve as CEO for ServeNation, Inc. with best collective interests on hand.  All announcements by the new company will be shared publicly with MIKP holders via press release as we will be holding a significant stake in the company with the 27.5%.   

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Mike The Pike Productions, Inc. Agrees to the Sale of ServeNation™; Prepaid Reloadable Debit Program with $100m+ Potential



LOS ANGELES—(BUSINESS WIRE)—Mike the Pike Productions, Inc. (Pink Sheets: MIKP) announces today that it will sell ServeNation to a private company which sees strong potential in the program and looks to expedite the program to market quickly.

“This allows us to maintain participation in the lucrative prepaid realm while maximizing focus on the feature films and graphic novels as, with White Space and George R.R. Martin’s The Skin Trade, the company’s opportunities in the entertainment industry are stronger than ever.”

MIKP will receive $350,000 cash purchase for the program in addition to 27.5% ownership in ServeNation. ServeNation executives feel the innovative prepaid program can achieve $100m+ sales within the first 3 years. MIKP execs feel that revenue potential here could provide sustainable income to the company for its overall operations and film projects.
ServeNation is a program based in the rapidly growing prepaid card industry. It has a unique niche market with a ‘sticky factor’ that includes micro-donations to the card-user’s non-profit of choice with each swipe.
A leading industry research and advisory firm, Mercator Advisory Group, stated in their Seventh Annual Prepaid Card Forecast that ‘The total dollars loaded onto prepaid cards will climb to $672 billion over the next three years, which is more than double the $330.03 billion loaded onto these cards in 2009. They forecast the market will grow to $549.7 billion by 2012.’
Newbauer concludes, “This allows us to maintain participation in the lucrative prepaid realm while maximizing focus on the feature films and graphic novels as, with White Space andGeorge R.R. Martin’s The Skin Trade, the company’s opportunities in the entertainment industry are stronger than ever.”
The Purchasing Company also sees potential in MIKP’s feature films division and is currently in discussions to provide funding for the company’s projects and accelerated growth in a mutually beneficial relationship.
IMPORTANT SHAREHOLDER LINKS:
Interview with MIKP CEO
White Space on Facebook
George R.R. Martin’s The Skin Trade on Facebook
MIKP on Facebook
MIKP BLOG
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.

Mike The Pike Productions, Inc. Agrees to the Sale of ServeNation™; Prepaid Reloadable Debit Program with $100m+ Potential

LOS ANGELES—(BUSINESS WIRE)—Mike the Pike Productions, Inc. (Pink Sheets: MIKP) announces today that it will sell ServeNation to a private company which sees strong potential in the program and looks to expedite the program to market quickly.

“This allows us to maintain participation in the lucrative prepaid realm while maximizing focus on the feature films and graphic novels as, with White Space and George R.R. Martin’s The Skin Trade, the company’s opportunities in the entertainment industry are stronger than ever.”

MIKP will receive $350,000 cash purchase for the program in addition to 27.5% ownership in ServeNation. ServeNation executives feel the innovative prepaid program can achieve $100m+ sales within the first 3 years. MIKP execs feel that revenue potential here could provide sustainable income to the company for its overall operations and film projects.

ServeNation is a program based in the rapidly growing prepaid card industry. It has a unique niche market with a ‘sticky factor’ that includes micro-donations to the card-user’s non-profit of choice with each swipe.

A leading industry research and advisory firm, Mercator Advisory Group, stated in their Seventh Annual Prepaid Card Forecast that ‘The total dollars loaded onto prepaid cards will climb to $672 billion over the next three years, which is more than double the $330.03 billion loaded onto these cards in 2009. They forecast the market will grow to $549.7 billion by 2012.’

Newbauer concludes, “This allows us to maintain participation in the lucrative prepaid realm while maximizing focus on the feature films and graphic novels as, with White Space andGeorge R.R. Martin’s The Skin Trade, the company’s opportunities in the entertainment industry are stronger than ever.”

The Purchasing Company also sees potential in MIKP’s feature films division and is currently in discussions to provide funding for the company’s projects and accelerated growth in a mutually beneficial relationship.

IMPORTANT SHAREHOLDER LINKS:

Interview with MIKP CEO

White Space on Facebook

George R.R. Martin’s The Skin Trade on Facebook

MIKP on Facebook

MIKP BLOG

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.