The Briefing Room

Odyssey Pictures Corporation (OPIX: PK) (Odyssey), a media/marketing services company, announces that its entertainment division, Odyssey Entertainment, has acquired the licensing/distribution rights to 31 hours of animated children’s content from Dominique Paul Mougenot (DPM), a French-based specialty distributor of entertainment and “how-to� programming for the international market.

The recently completed transaction was initiated in May of this year at the 2009 Cannes Film Festival, where Odyssey’s CEO, John Foster, scouted for content deals to add inventory to Odyssey Entertainment’s programming line. Odyssey purchased the rights to numerous animated shorts from DPM, including titles from the following cartoon classics: Superman, Popeye, Casper, Bugs Bunny and Daffy Duck. The package also includes various holiday cartoons, nursery classics and the 75 – minute, cell-animated feature Gulliver’s Travels produced by Paramount Studios in 1939 based on Jonathan Swift’s 18th Century novel.

The recent DPM programming package adds to Odyssey’s pre-existing collection consisting of 10 – hours of children’s content. Odyssey will digitize its growing programming library and re-distribute it over multiple media platforms, including satellite and IPTV digital broadcasting.

The DPM content deal marks the latest development in Odyssey’s evolving business model. Although initially an entertainment company that focused on the financing and distribution of motion pictures, Odyssey has adapted over the past two years to become a diversified media/marketing services company. The Company’s business now encompasses branding & marketing services, online lead generation, entertainment content distribution, IPTV digital delivery technologies, IT platform management, and corporate finance.
Odyssey’s President/CEO John Foster stated, “This latest content acquisition gives us a solid foundation to begin building our entertainment inventory. It’s very gratifying to see our game plan coming together in a tangible way. This is an important step in building a multi-media platform.�

About Odyssey
Odyssey Pictures Corporation was founded in 1989 as a publicly traded entertainment company specializing in the financing and distribution of motion pictures. Texas based Odyssey has re-strategized, re-financed and committed itself over the past two years to a more diversified and forward-leaning business model. Odyssey Pictures is now engaged in a full range of media and marketing related activities, including content acquisition, multi-platform distribution, new media technology, branding & marketing services and corporate finance. Under the Odyssey Pictures Corporation umbrella, the following operating divisions work both as independent profit centers and synergistic partnerships within the Company: 1) Odyssey Entertainment 2) Odyssey Brand Marketing Services 3) Odyssey Digital 4) Odyssey Growth Capital.

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, pressures 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.