Mike the Pike Prods Enters Negotiations With Venture Capital Group for Film Funding

FORT WAYNE, IN, Oct 29 (MARKET WIRE) --
Mike The Pike Productions, Inc. (PINKSHEETS: MIKP) CEO/President Mark B.
Newbauer is pleased to announced that MTP, along with Archetype Pictures
(www.dresdensun.com) President Michael Ryan, have entered discussions with
a multi-media, technological and real estate development finance group
that, after a decade of development, received in excess of a billion
dollars in cash and collateral for its media financing arm. The company
has offices in Los Angeles, Miami, Atlanta, New York City and London and
has key access to the world's top 25 banking institutions, global
corporate and SEC counsel, major collateral providers and private
investment groups.

"We're very excited about this recent development," says Newbauer.
"Michael (Ryan) and I have been working together very well to piece our
contact base together toward a win-win on a producers partnership for
both MTP's 'Fish in a Barrel' and Archetype's Dresden Sun
(www.dresdensun.com). The past few days have been a breakthrough for us
in that we've attracted an interested party capable of bringing up to 70%
to the table for the funding of our projects. This is a major piece of
the puzzle and gives us confidence that we can bring our contact base of
private investors or financing, otherwise, forth to complete the
picture." In addition, the group's representatives have stated its
interest and ability to work with major concert/events promotions as
well, which could prove a useful leverage tool for MTP in expediting
larger A-list tours and festivals in its concert/events division.

Newbauer and Ryan are seeking approximately $12M for their first round of
financing. Funds will cover production budgets for both Features;
associated introductory fees, financing costs and P&A (prints and
advertising) for both pictures. "We feel it's a sensible amount to ensure
success of both films and meet, conservatively, expectations set forth by
projections," states Newbauer.

The recent development, in combination with financiers in the producers'
networks with abilities to monetize tax credits and put forth conditional
financing, may prove to be a recipe for success for both companies'
flagship features and entertainment projects to come.

In the meantime, www.mikethepikeprods.com is undergoing a valuable
overhaul which will include expedient updates, company details and
shareholder information. The new face will be unveiled soon. The company
also plans to announce concerts for the wrap-up of its 2009 season soon
and already has decisions in place for its national expansion beginning
early 2010 including some of the hottest artists on some of the most
successful tours.

More to come on MTP's untitled low-budget crime thriller and development
of its recently acquired literary option on award-winner George R.R.
Martin's werewolf novella, 'The Skin Trade.'

If you missed Mark B. Newbauer's latest interview and interactive chat
with shareholders Tuesday, check it out here! INVESTMENT NATION CEO
INTERVIEW OCTOBER 27TH

Want to know what MTP is all about? Check out www.mikethepikeprods.com

MTP productions can also be followed on Twitter @MTPPRODS

OR ON MYSPACE at http://www.myspace.com/mtpprods

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.

Contact:
Newbauer Media Relations
Mike The Pike Productions, Inc.
Email: producers@mikethepikeprods.com

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