We are excited about our increased presence at Cannes this year.
Plano, TX (Vocus) May 15, 2010
Odyssey Pictures Corporation (OPIX: OTCQB) (Odyssey), a media/marketing company, announces it will be exhibiting at the Cannes Film Market at this year’s Cannes Film Festival (Festival de Cannes, May 12 – 23) in conjunction with the company’s strategic financial advisor, Siguiente Capital (Siguiente). Siguiente is a European-based venture capital firm with a focus on emerging media and online marketing technologies. Odyssey has had a close business relationship with Siguiente since 2008, which has led to Siguiente becoming a significant financial resource for Odyssey.
Odyssey will be exhibiting at two locations: Palais Niveau 01 – 24.11. at the Palais des Festivals, which is the center of the Film Market and the main screening area for the Film Festival, as well as at Riviera H.14, a large and well appointed ‘Producer’s Booth’ the company is co-hosting with strategic partner Veland Films to provide a forum for film producers to present international co-production projects.
Odyssey will be actively looking to make content acquisitions and licensing deals to add to Odyssey’s growing library of children’s and general interest programming. Siguiente will be working closely with Odyssey to review and analyze specific terms regarding any potential involvement by Odyssey in co-production and international licensing and rights acquisition deals.
“We are excited about our increased presence at Cannes this year,” states Odyssey’s President/CEO John Foster. “In addition to taking booths, we will be fully staffed and plan to be very active in the buying and selling of content rights. Siguiente’s financial counsel will be very helpful in that respect”
About Odyssey - Odyssey Pictures Corporation was founded in 1989 as a publicly traded entertainment company specializing in the financing and distribution of motion pictures. Texas based Odyssey has re-strategized over the past two years and adopted a more diversified business model including branding and marketing services targeting key clients in e-commerce, search engine positioning and online lead generation. The company is also engaged in content acquisition, multi-platform distribution, new media technology and corporate finance.
About Siguiente Capital - Siguiente Capital accelerates enterprises by allocating effective and powerful Corporate Finance and Structuring services. Based in Stockholm, Sweden, the firm’s investment scope is predominantly focused on Europe and North America, but with advances being made in Asia as well. Most of Siguiente’s clients are in a change-intensive stage mainly operating in growth sectors such as IT, E-Commerce and Telecom. As the name implies, Siguiente supports ventures and individuals that are creating the next significant technologies and businesses.
About the Cannes Film Market (Marché du Film) - The Marché du Film is an international crossroads for the cinema industry. As a major meeting place for professionals, each year the Marché du Film gathers buyers, distributors and producers for ten days dedicated to meetings and negotiations. This unique international event allows all professionals to develop their projects, present their latest news, establish partnerships and co-productions.
Forward Looking Statements - Certain statements contained herein are forward looking. These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions. Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products and technology changes. These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission. The Company cautions that the foregoing list of important factors is not exclusive. Any forward-looking statements are made as of the date of the document in which they appear. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
Media and Investor relations contact: Dan Spelling at Spelling Communications