Mike the Pike Productions, Inc. (Pink Sheets: MIKP) (www.mtpprods.com) is pleased to announce that the previously announced Letter of Intent has now become an agreement with Executive Producers (EPs) to Package and Finance Mike The Pike Productions’ ‘The Skin Trade’ by George R.R. Martin.

The Agreement will entail the EP group to secure A-list attachments (writer, director, cast) and a minimum agreed upon budget to satisfy production value of approximately $60-80M and at least 25% of the budget raised in cash. Pre-Sales and Tax Incentives will be harvested to mitigate overall risk.

“With over a billion dollars in project financing to date, we are confident in the Executive Producing team’s ability to deliver,” states MIKP CEO, Mark B. Newbauer. “Success here will ensure a major win for MTP and its shareholders in a recession-proof industry. Albeit high risk/high reward, movies are far more important to the American economy than they may seem at face value, and remain one of our country’s leading exports,” states Newbauer.

As previously announced, MTP plans to implement a stock dividend to shareholders based on each project’s ROI, beginning with its recently wrapped sci-fi thriller, ‘White Space.’

George R.R. Martin is the author/creator behind HBO’s smash success, ‘Game of Thrones,’ which was recently nominated for 13 Emmys, including Outstanding Drama and Outstanding Writing. His work in fantasy has garnered him the title of ‘The American Tolkein’ and was named among the prestigious 2011 TIME 100.

Currently, Avatar Press (http://www.avatarpress.com/) is developing the Graphic Novel version of ‘The Skin Trade.’

More news to come on ‘White Space,’ ‘The Skin Trade’ and another exciting property yet to be announced!

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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.