SOURCE: Peace Arch Entertainment Group Inc.

November 06, 2007 09:59 ET

Peace Arch CEO Gary Howsam Placed on Administrative Leave

Co-Chairman Jeff Sagansky Takes on Additional Role as Interim CEO

TORONTO--(Marketwire - November 6, 2007) - The Board of Directors of Peace Arch® Entertainment Group Inc. (AMEX: PAE) (TSX: PAE) announced today that Chief Executive Officer Gary Howsam has been placed on administrative leave following his arrest yesterday in connection with a U.S. federal investigation into certain transactions between Comerica Bank and Mr. Howsam prior to his joining Peace Arch in 2003. Peace Arch is not a party to the investigation.

Peace Arch Entertainment Co-Chairman Jeff Sagansky has taken on the additional role of interim CEO.

Contact Information

  • Contact:
    Nicole Spracklin
    Peace Arch Entertainment Group Inc.
    (416) 783-8383 x 237