DALLAS--(BUSINESS WIRE)--Odyssey Pictures Corporation (OTCQB: OPIX) (Odyssey), a media & entertainment company, announces a financing, co-production agreement with ReelWorks Studios, LLC and GlueWorks Creative Management. GlueWorks is the animation arm of ReelWorks, a state-of-the-art production studio based in Charlotte, North Carolina.
The deal encompasses development, financing and key sales activities for ReelWorks’ “The Ultimate Life” and GlueWorks’ feature title “Hermie & Friends.” “The Ultimate Life” is the sequel to “The Ultimate Gift,” a live-action redemption story released in theaters in 2007, based on a best-selling novel by Jim Stovall and starring James Garner, Brian Dennehy, Drew Fuller and Abigail Breslin. “Hermie & Friends” is the feature film version of the highly popular children’s animated DVD series created by best selling author Max Lucado.
In addition to providing production financing for these projects, Odyssey also retains worldwide sales rights and will place the two films into theatrical distribution as well as the DVD market. Both features have already secured commitments from 20th Century Fox Home Entertainment for their domestic DVD rights. Odyssey’s President/CEO John Foster will serve as Executive Producer on both.
“We’re very happy to be involved in producing such quality family content,” remarked Odyssey’s John Foster. “Being involved early in the production process allows us to influence the product for market demand and greatly expand our opportunities on the distribution side.”
“A multi-faceted company like Odyssey is a great partner for us,” said Rick Eldridge, ReelWorks Studios’ CEO, Executive Producer and Creative Producer of Feature Projects. “They’re not only supporting us in the production process, they’ll also be there to guide us when the finished creative product is ready to be marketed.”
About Odyssey Pictures Corporation - Initially an entertainment company focusing on financing and distribution of first run feature films, Odyssey has adapted its business model to become a diversified media/marketing services company. The company’s lines of business now encompass branding & marketing, IPTV digital delivery technologies and producer’s representative service. Odyssey’s producer’s representative service provides an extensive suite of sales and marketing services to independent filmmakers seeking to gain traction in the international distribution and rights markets. These services include international sales, contract negotiation, marketing materials, strategic planning and completion financing. http://odysseypix.com/
About ReelWorks/GlueWorks - ReelWorks Studios, LLC was founded in August of 2009 by entertainment entrepreneurs Rick Eldridge and Christopher Cates with the objective of producing media with a message that entertains, educates and edifies. Rick Eldridge has been in the entertainment business for over 30 years as a producer, director, musician, and creative visionary. Mr. Cates brings an equal amount of tenure in the industry as COO of ReelWorks Studios and postproduction manager for both television and film projects. Collectively Mr. Eldridge and Mr. Cates have lent their expertise to projects for notable media companies including Universal, Disney, Fox, MGM, Discovery, BET, PBS, Fox Sports, ABC, NBC and ESPN.
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.