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Former NY Governor David Paterson Joins Medient Board(May 29, 2014)
EFFINGHAM COUNTY, GA -- (Marketwired) -- 05/29/14 -- Medient Studios, Inc. (OTCQB: MDNT) ('Medient') announced today that former New York Governor David Paterson has accepted his nomination to join the Board of Directors of Medient.
"Governor Paterson is a globally recognized leader, whose experience, wisdom, reputation, and relationships will be a huge asset for all Medient stakeholders. It is with great pride and pleasure that we welcome him into the Medient family," stated Manu Kumaran, Chairman of the Board of Medient.
"As Governor of New York State, I approved over $750M in film tax credits. Film tax credits create strong returns for communities, and generate tremendous job creation," stated Gov. Paterson. He added, "I am committed to helping Charles, Manu, and the Medient team find the resources to make this beautiful dream come true."
About David Paterson
David Alexander Paterson (born May 20, 1954) is an American politician and the 55th Governor of New York from 2008 to 2010. He was the first African American governor of New York and also the second legally blind governor of any U.S. state after Bob C. Riley, who was Governor of Arkansas for 11 days in January 1975. Since leaving office, Paterson has been a radio talk show host on station WOR in New York City.
After graduating from Hofstra Law School, Paterson worked in the District Attorney's office of Queens County, New York, and on the staff of Manhattan Borough President David Dinkins. In 1985, he was elected to the New York State Senate to a seat that was once held by his father, former New York Secretary of State Basil Paterson. In 2003, he rose to the position of Senate Minority Leader. Paterson was selected as running mate by then-New York Attorney General and Democratic Party gubernatorial nominee Eliot Spitzer in the 2006 New York gubernatorial election. Spitzer and Paterson were elected in November 2006 with 69 percent of the vote, and Paterson took office as Lieutenant Governor on January 1, 2007.
Paterson was sworn in as governor of New York on March 17, 2008. On May 21, 2014, Mr. Paterson was named Chair of the New York State Democratic Committee.
Medient Studios, Inc. (OTCQB: MDNT) ('Medient') (www.medient.com) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
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