We are initiating sponsored research coverage of Medient Studios, Inc. (MDNT) with a $2 short term target based on DCF of a 5 year proforma of 6-8 films per year and average annual $50M EPS fully diluted primarily derived from...
Special Alert: Initiating Coverage on Medient Studios, Inc: The Next Big Thing in Movie Making is Here!
Medient Studios, Inc. (MDNT)
Medient Studios Inc. will receive $3 million in state incentives for creating 1,000 jobs at a production and entertainment complex in Effingham County, according to CEO Manu Kumaran.
Kumaran said agreements with the state, which were approved unanimously Thursday by the Effingham County Industrial Development Authority, validate his small company’s big project.
“It’s recognition by independent third party of the validity of our project,” Kumaran stated.
The deal with the Georgia Department of Community Affairs and Georgia Department of Economic Development calls for the company to receive a $3 million grant for site preparation and building improvements.
It calls for $750,000 to be released after the first 250 jobs have been created and maintained for 12 months.
nother $750,000 will be released after another 250 jobs are created and maintained for 12 months.
And $1.5 million will be released after 500 more jobs are created and maintained for 12 months.
Share This Article
Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
- Login to post comments
