Cinemax Pictures & Production Co., Intl., Inc. (CPPC) Announced Today DTC Has Approved the Transaction and Shares will be in Brokerage Accounts on October 22, 2007

Cinemax Pictures & Production Co., Intl., Inc. (CPPC) Announced Today DTC Has Approved the Transaction and Shares will be in Brokerage Accounts on October 22, 2007

TORONTO, Oct. 19 /PRNewswire/ -- Tony Gouveia, CFO of Cinemax Pictures & Production Company Intl., Inc. confirmed today The Depository Trust & Clearing Corporation has approved and completed the exchange transaction of QBID shares.

According to Mr. Gouveia, "DTC has agreed to approve the transfer of Cinemax Pictures shares (CPPC) to brokerage accounts on October 22, 2007. After the transfer on October 22, 2007, it will be the responsibility of brokerage firms to deposit the shares into shareholder accounts. Capital Transfer Agency will have no control over this process on October 22, 2007. I want to thank DTC and Capital Transfer Agency for all their hard work in finalizing the details of the transfer. The reverse stock split involved some exceptions resulting in additional complexities, hence needing approval from The Depository Trust Company before the corporate action could be approved. Furthermore, DTC stated their records matched perfectly with Capital Transfer Agency records."

Gouveia continued: "The delay in delivery had nothing to do with Cinemax Pictures, nor Capital Transfer Agency, Inc. We also want to reassure shareholders that no insiders, which includes board members, management, employees or affiliated persons involved in the merger were selling, hedging or executing private transactions with their shares at any time from October 5, 2007, the first day of trading, through today. Furthermore, no one in Cinemax management was in receipt of their restricted shares, opting to make certain shareholders were in possession of their certificates first. We believe in the company and its future, and we feel selling any of our shares in this manner would be unethical to shareholders past, present and future."

We were advised of the following by DTC: "DTC will not be allocating round up shares until they receive these shares back from the agent. DTC will send out a bulletin today (October 19, 2007) to the street advising brokers to request the additional round up shares at the beneficial level. They will give brokers two days to come in and request the round up shares starting on October 22, 2007 through end of business October 24, 2007. On October 25, 2007, they will submit a request to the agent for the round up shares and upon receipt of these shares DTC will credit the participants."

FORWARD LOOKING STATEMENTS

This press release contains statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Act of 1995. Certain statements in this press release may contain words such as "anticipates", "believes", "could", "estimates", "expects", "intends", "may", "projects", "targets" and other similar language that are considered forward-looking statements.

These forward-looking statements are subject to certain risks and uncertainties and persons reading this press release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different.

The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise.

For more information, contact: IRforTMM@cinemaxpicture.com

Source: Cinemax Pictures & Production Company Intl., Inc.

CONTACT: Constantine Papadopoulos, +1-905-783-8883 of Cinemax Pictures &
Production Company Intl., Inc.

Web site:

http://www.cinemaxpictures.com/

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