CDMI Productions, Inc. Closes Asset Acquisition and Names Matthew Crouch as Its New Chairman and CEO

CDMI Productions, Inc. Closes Asset Acquisition and Names Matthew Crouch as Its New Chairman and CEO LOS ANGELES, Nov. 19 /PRNewswire-FirstCall/ -- CDMI Productions, Inc. (BULLETIN BOARD: CDMP) today announced it has named Matthew Crouch as Chief Executive Officer and Chairman of the Board effective immediately. Mr. Crouch will head the company's foray into the production of family based production of feature films, animated projects, episodic television series and documentaries. Current CEO, John R. Dempsey has resigned but will continue to serve as a Board Member. To better serve its production slate, CDMI Productions, Inc. has moved its headquarters from Westlake Village, CA to Hollywood, CA. Mr. Crouch brings over 20 years of production experience to his new role as CEO and Chairman. Notably, Mr. Crouch has produced the highest grossing independent film of 1999, "The Omega Code," as well as "The Champion," "China Cry," "Megiddo: The Omega Code II," and several other productions. Before starting his own production company in 1993, Mr. Crouch served as Vice President of Trinity Broadcasting Network in charge of all aspects of production and President of TBN Films. Marcos M. De Mattos, Vice President and Director of CDMI Productions, Inc. commented, "Matthew and his wife, Laurie, bring tremendous value to our company. They represent the fundamental nature of the projects we intend on producing and distributing. It is our goal to bring our audiences morally conscience entertainment." In connection with the employment of Mr. Crouch, CDMP acquired from Mr. and Mrs. Crouch the exclusive distribution rights to the motion picture "One Night With The King" currently in production and scheduled for release around March 25, 2005 and world wide distribution rights to an animated film project "Prodigal Son" of which production is scheduled to commence in first quarter of 2005. Mr. Crouch and his wife Laurie Crouch jointly received 8,800,000 common shares of CDMP as consideration for the purchase of the assets and as partial compensation for Mr. Crouch accepting the Chief Executive Officer position. The Crouch's ownership represents approximately 60% of CDMP. "Both Laurie and I are very enthusiastic in being involved with CDMP's management team and the opportunity of enhancing the ability to provide good quality projects for every family world wide," said Matthew Crouch. Presently in advanced stages of production, "One Night with the King" chronicles the life of the young Jewish girl, Hadassah, played by Hollywood newcomer, Tiffany Dupont, who goes on to become the Biblical Esther, the Queen of Persia. (400-322 B.C.) Queen Esther saves the Jewish nation from annihilation at the hands of its enemy Haman (played by James Callis; "Helen of Troy," 2003) while winning the heart of King Xerxes, played by Luke Goss ("Blade II," 2002; "ZigZag," 1999). Other notable talent includes John Rhys-Davies as Mordecai and John Noble as Prince Admantha. John Rhys-Davies starred in the blockbuster trilogy "Lord of the Rings: The Fellowship of the Ring," "The Two Towers," and "Return of the King" and John Noble starred in "Return of the King." The film also features veteran actor Tommy 'Tiny' Lister Jr. in the lead role of Hegai. The cast also includes legendary film actors Peter O'Toole (Samuel) and Omar Sharif (Prince Memucan) again reunited after 40 years since working together on Lawrence of Arabia. Adapted for film by screenwriter Stephan Blinn, directed by Michael Sajbel and Produced by Gener8Xion. "One Night with the King" is scheduled for theatrical release on March 25, a date that coincides with the Christian Good Friday and Esther's Jewish Feast of Purim that celebrates her legacy. CDMI Productions, Inc. is an independent entertainment company that intends to engage in the development, financing, production and distribution of "family based" feature films, episodic television shows, animated features and documentaries. This news release includes certain forward-looking statements (all statements other than those made solely with respect to historical fact) and the actual results may differ materially from those contained in the forward-looking statements due to known and unknown risks and uncertainties. Any one or more of several risks and uncertainties could account for differences between the forward-looking statements that are made today and the actual results, including with respect to our sales, profits, liquidity and capital position. These factors include, but are not limited to: risks relating to our ability to satisfy regulatory requirements with respect to our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002, which requires us to perform an evaluation of our internal controls over financial reporting and have our auditor attest to such evaluation; softness in the general retail environment or in the markets for our products; the timing and acceptance of products being introduced to the market; the level of product returns experienced; the level of margins achievable in the marketplace; the collectibility of accounts receivable; the recoupment of royalty advances; the effects of acquisitions or dispositions, the financial condition of our customers and suppliers; the realization of inventory values at carrying amounts; our access to capital; the outcome of any future Internal Revenue Service audits; and the realization of income tax and intangible assets. These conditions cannot be predicted reliably and the Company may adjust its strategy in light of changed conditions or new information. Thomas Nelson disclaims any obligation to update forward-looking statements. For further information, please contact Marcos M. De Mattos of CDMI Productions, Inc., +1-323-874-9888. Source: CDMI Productions, Inc. CONTACT: Marcos M. De Mattos of CDMI Productions, Inc., +1-323-874-9888 ------- Profile: International Entertainment