TORONTO, Oct. 15 /PRNewswire-FirstCall/ -- Constantine A. Papadopoulos, CEO and Anthony Gouveia, CFO of Cinemax Pictures and Production Company Intl., Inc. (Pink Sheets: CPPC) announced today the signing of a financial development deal with The Able Group, a Corporate Finance Firm based in New York City in conjunction with Wideye Films. According to Mr. Gouveia, "We are excited that Neil Kiperman, Managing Director of The Able Group has agreed to work with us on our short and long term funding needs. The Able Group has relationships with dozens of the largest hedge funds worldwide and through our agreement with them we have started the process of generating the financial base and the financial structure we will need to take Cinemax Pictures to the next level. They will be responsible for working with us on the required funding to produce our movie and TV projects that are currently in development or pre-production stages, gap funding and the acquisition of film libraries and other assets. We are also in preliminary discussions regarding the acquisition of one prestigious film library and are looking at various others they have presented to us that are currently on the market." More on The Able Group: The Able Group specializes in Equity, Convertible Debt and Mezzanine Financing. Their primary focus is catering to the financial needs of companies in the small and micro cap sectors. With access to over $1 Billion in capital, they provide financing for growth, development and acquisition plans of the companies they become involved with. In the last four years the partners at The Able Group have been involved with over 90 transactions. The Able Group has demonstrated expertise in designing innovative financial solutions for the many companies they work with. They are responsive, professional and efficient in managing the process from the first step through Investment Committee, Closing and Funding phases. The Able Group offers a wide range of resources and value added services to assist the growth of the companies they become involved with. They accomplish this by providing access to flexible financial solutions, cost-effective funding and rapid deployment of capital. More on Neil Kiperman, Managing Director Mr. Kiperman is Managing Director for The Able Group, assisting both private and public companies in finding funding sources that meet their financial needs. From 1989-1998, Mr. Kiperman operated a New York based investment banking firm. Under his stewardship the company grew from 1 office to 7, with locations throughout the eastern United States. Since 2000 Neil, has been the chief consultant for Comprehensive Computer Resources Inc. (CCR). Neil has been responsible for building the company's Health care division as well as building a very profitable government sector. Neil is also the majority owner of Intercontinental Commerce Group Inc. Neil has created an extensive support network for ICG, to facilitate introductions to high level government officials of countries around the world and establish operations in these countries, as such with http://www.edumasters.net/. More on Russell Terlecki and Wideye Films Wideye Creative and Wideye Films: A worldwide production company devoted to coordinating, creating and producing all facets of the entertainment industry (i.e.: Feature film, Music Videos, TV Commercials). Our past projects can be found on our website: http://www.wideyecreative.com/ RUSSELL TERLECKI (PRODUCER): Russell is the president of Wideye Films. His recent producing credits include the feature films "The Killer Movie" (Starring Kaley Cuoco and Jason London) "The Alphabet Killer" (from the director of WRONG TURN), "The Attic" (from the director of PET SEMATARY) and the feature documentary "Third Wave" (Presented by Morgan Spurlock). Russell's proven track record as an Investment Banker on Wall Street translated impressively to the entertainment industry with over sixty commercial, television and film credits added to his resume in the past five years. 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, please contact: DATASOURCE: Cinemax Pictures and Production Company Intl., Inc. CONTACT: Constantine A. Papadopoulos, CEO of Cinemax Pictures and Production Company Intl., Inc., +1-905-783-8883, or contact, Web site: http://www.cinemaxpictures.com/ http://www.edumasters.net/ http://www.wideyecreative.com/

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