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BPS initiates coverage on Medient Studios Inc (OTCMKTS:MDNT)

BPS initiates coverage on Medient Studios Inc (OTCMKTS:MDNT)
Written by
Aaron Smith
Published on
October 30, 2014
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On 29th October’14, BrilliantPennyStocks.com initiated coverage on MDNT. The stock shows neutral since the coverage was initiated.

Medient Studios Inc (OTCMKTS:MDNT) gained by nearly 33% during training on 29th October. This followed positive announcements from the company about the progress it is achieving in furthering its business objectives.

Studioplex To Come Up In Effingham

One such announcement was issued by the firm in late September. It had issued a statement to the effect that it had engaged construction firm Choate Construction to take up the construction of its planned Studioplex at Effingham County, Georgia. Choate Construction will execute the construction project and will hold the role of Construction Manager.

Flag Ship Project For Medient

Speaking to press post the announcement, company’s Chief Executive Officer, Jake Shapiro indicated that, "We believe that Choate is the regional leader in terms of quality and reputation. From the very beginning, we have been impressed with their professionalism and expertise. The combination of Choate Construction, Bill Foley Designs, and Hussey Gay Bell & DeYoung is our dream team, and we are very fortunate to have them working with us."

Choate Aims To Provide Complete Focus On Project

Choate Construction Company too has expressed tremendous confidence in the ability of the new management team of Medient Studios Inc (OTCMKTS:MDNT) to complete the construction project on time. Mr. Andrew Verenakis, Senior Pre- Construction Manager at Choate indicated that they were very impressed with the keenness and single minded approach its client is taking to complete the Studioplex on time.

First Phase Planning Initiated

The first phase of the project involves the finalization of the “pre-construction and construction specifications” of the complex which would house the “sound stages, offices, public areas and roads.”

Medient Studios Inc (OTCMKTS:MDNT) also announced recently that its subsidiary Moon River Studios, Inc has announced that it has appointed Steven Bahlmann as its new Chief Financial Officer (CFO), Secretary and Treasurer.

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