Odyssey Acquires Rights to "Hank the Cowdog"

DALLAS, Oct. 19, 2011 /PRNewswire/ -- Odyssey Pictures Corporation (OPIX: OTCQB) (Odyssey), a publicly traded media and entertainment company, has acquired the screenplay and feature film rights of the beloved children's literary franchise, "Hank the Cowdog," from Rising Star Studios.  Odyssey plans to produce the property as an animated feature film.

"Hank the Cowdog," written by John R. Erickson, is a highly successful series of 58 humorous children's mystery novels and audios based on the adventures of Hank, the smelly, smart-aleck canine Head of Ranch Security on a Texas Panhandle cattle ranch.  The series has sold more than 7.5 million copies, is a Book-of-the-Month selection and is the winner of a 1993 "Audie" for Outstanding Children's Series from the Audio Publisher's Association.  In fact, the franchise is the longest running popular children's audio book series to date and is especially popular with schools and libraries.  Publishers Weekly has called the series a "grassroots publishing phenomena," and USA Today referred to it as "the best family entertainment in years."

"We are proud to be associated with such a hugely successful property," remarked Odyssey's CEO John Foster.  "We're confident that the animated feature version of 'Hank the Cowdog' will be a natural extension of the franchise and a big winner at the box office."

"It's an exciting time for us to see the beginning of 'Hank' finally making his appearance on the big screen," said author John R. Erickson.  "We've been approached by producers before, but Odyssey impressed us with their understanding of the genre and their solid sales and marketing strategy."

About Odyssey Pictures Corporation - Initially an entertainment company focusing on financing and distribution of first run feature films, Odyssey has adapted its business model to become a diversified media/marketing services company.  The company's lines of business now encompass producer's representative service, branding & marketing and IPTV digital delivery technologies.  Odyssey's producer's representative service provides an extensive suite of sales and marketing services to independent filmmakers seeking to gain traction in the international distribution and rights markets.  These services include international sales, contract negotiation, marketing materials, strategic planning and completion financing. http://odysseypix.com/

About John R. Erickson - A former cowboy and ranch manager, Mr. Erickson is gifted with a storyteller's knack for spinning a yarn. He graduated from the University of Texas in 1966 and studied for two years at Harvard Divinity School. He began to publish short stories in 1967 while working full-time as a cowboy, farmhand, and ranch manager in Texas and Oklahoma. Hank and his sidekick, Drover, are dogs Erickson worked with on the range. This mixture of true-life experience, fun, and adventure has gained Hank a loyal following among both children and adults.  "Hank the Cowdog" series of books and audios is currently published by Maverick Books, Inc., based in Perryton, Texas. http://hankthecowdog.com/

Forward-Looking Statements - Certain statements contained herein are forward looking. These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions. Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressure on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products, and technology changes.  These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission. The Company cautions that the foregoing list of important factors is not exclusive. Any forward-looking statements are made as of the date of the document in which they appear. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

SOURCE Odyssey Pictures Corporation

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