Cinemax Pictures and Production Co. Intl., Inc. (OTC-PK: CPPC) Announced Today the Signing of a Letter of Intent for the Acquisition of its First Film Library

Cinemax Pictures and Production Co. Intl., Inc. (OTC-PK: CPPC) Announced Today the Signing of a Letter of Intent for the Acquisition of its First Film Library

TORONTO, Dec. 12 /PRNewswire-FirstCall/ -- Constantine Papadopoulos, CEO and Tony Gouveia, CFO of Cinemax Pictures and Production Co., Intl., Inc. (OTC-PK: CPPC) stated they are pleased to announce the signing of a letter of intent for the purchase of the world rights and certain market rights to a well known classics film library.

According to Papadopoulos: "We are not authorized to mention the film collection by name or any of its respective titles until all due diligence has been completed and the definitive agreement is executed. However, we are permitted to reveal that this library consists of 32 films encompassing a variety of famed Directors, including a number of Academy Award winning films (various categories), BAFTA winner and a Cannes Film Festival award winner."

Gouveia added: "Consistent with our business plan, this collection of classic films will bolster the corporate assets of Cinemax Pictures, as some of the films have existing DVD distribution contracts. This and our plans to further expand the DVD and other licensing contracts with these titles should immediately increase our revenue stream and cash flow. "

ABOUT CINEMAX PICTURES

Cinemax Pictures and Production Co., Intl., Inc. is a television and film production company that currently owns a variety of TV and Film projects in various stages of development or pre-production. It is also expanding its business operations via acquisition of production entities, film libraries and through its internal media productions and is looking to expand into the so called "new media" formats. For further information, please visit our website at http://www.cinemaxpictures.com/

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.

First Call Analyst:
FCMN Contact:

Source: Cinemax Pictures and Production Co., Intl., Inc.

CONTACT: Constantine Papadopoulos, CEO of Cinemax Pictures and
Production Co., Intl., Inc., +1-905-783-8883; IRforTMM@cinemaxpictures.com

Web site:

http://www.cinemaxpictures.com/

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