Medient Studios, Inc. Announces Reverse Split and Name Change
Medient Studios, Inc. today announced that the Board of Directors of the Company has approved a 1 for 1,000 reverse stock split of the Company's issued and outstanding common and preferred stock. The Board also approved a name change to "Moon River Studios, Inc."
The name change and reverse split will take effect upon Compliance by the Company with applicable regulatory requirements.
About Medient Studios, Inc.
Medient Studios, Inc. (PINKSHEETS: MDNT) ("Medient") is a Georgia, U.S. based film production company. In 2013, the Company entered into a lease agreement with the Effingham County Industrial Development Authority ("IDA") whereby it has beneficial ownership of 1560 acres of land in Effingham County. The Company plans to construct motion picture studios and other related amenities on the property for film production. These facilities will include sound stages, production and post production offices, editing suites, warehouses, mills and set fabrication facilities. We refer to this fully integrated film production campus as a "Studioplex."