Odyssey Pictures Installs New Board Members

Odyssey Pictures Installs New Board Members

DALLAS, Dec. 27 /PRNewswire-FirstCall/ -- Odyssey Pictures Corporation (OTC Pink Sheets: OPIX; Frankfurt: ODY) has appointed Mr. HansJoerg Finsterwald and Mr. Christian Gerig as board members at a regularly scheduled board meeting. These board replacements fill vacant positions that the company had not replaced earlier.

In addition, the Swiss media entrepreneur HansJoerg Finsterwald has been appointed as Co-CEO of Odyssey Pictures Corp. He will share in the position with John W. Foster, the company's present CEO. Mr. Finsterwald will be in charge of the development of new business areas as well as of the expansion of Odyssey's sales activities while Mr. Foster will focus on corporate business.

Christian Gerig holds a master's degree in economic history and political science and has been a journalist in the areas of international sport as well as economics and the film industry for various European magazines. He also has served on boards for other film distribution and movie theatre companies where his extensive knowledge in both the business and the creative side of the film industry comes from. Presently he is the managing director of RIALTO FILM AG, a theatrical distribution company in Switzerland.

Mr. Finsterwald holds a degree in business administration. He has management experience in multinational entertainment companies, has served as a consultant to producers, entertainment, communications and advertising companies and as a developer of entertainment driven business opportunities. Recently he has become a partner in an international joint-venture establishing a new entertainment broadcast network in Germany and is involved in the development of entertainment content and solutions for mobile communications. In the past, he has been managing director of the entertainment division of the leading Swiss publishing group. He has also been active in private film funds along with his production expertise in theatrical, television and commercial industries.

CEO John Foster states, "This is an important step for the company and its planned activities for entry into new markets and in further reshaping of the company. We need very strong support and time commitment since our Board members have had to devote so much time to the new direction of the company, along with seeking added managerial necessities in the new areas we are developing. These additions are essential in implementing and in continuing that positive direction."

Odyssey is a Nevada Corporation, based in Dallas and operates as an international media sales company that has mainly been involved in the film distribution business, more specifically in the financing and distribution of more than 120 feature films since 1989.

Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Actual results may differ materially due to a variety of factors.

For further information, contact John Foster, Chairman and CEO of Odyssey Pictures Corporation, at 972-818-7990, or Fax at 972-818-7829. Web address -- http://www.odysseypix.com/


Source: Odyssey Pictures Corporation

CONTACT: John Foster, Chairman and CEO of Odyssey Pictures Corporation,
+1-972-818-7990, or fax, +1-972-818-7829

Web site: http://www.odysseypix.com/


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