SOURCE: Peace Arch Entertainment Group Inc.

October 16, 2007 03:30 ET

Peace Arch Entertainment Announces Acquisition of Canadian Distribution Rights to Four Films From Insight Film Studios

Company Continues to Expand Pipeline of Acclaimed Content With Films Featuring Matthew Perry, Sharon Stone, Timothy Hutton, Steven Seagal and Wesley Snipes

TORONTO--(Marketwire - October 16, 2007) - Peace Arch® Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company creating critically acclaimed television, film and DVD content for worldwide distribution, announced today that it has signed an exclusive multi-picture deal with Insight Film Studios to distribute a slate of four feature films in Canada, including "When A Man Falls In The Forest," "Operation Espionage," "Higher Education" and "Numb."

The agreement, which was executed by Peace Arch Home Entertainment, is consistent with the Company's strategy of building one of the largest independent film and television libraries in the world to generate sustainable revenues through multiple distribution channels in nearly every major international market.

"We are delighted with the acquisition of these four films from Insight Film Studios," said Berry Meyerowitz, President of Peace Arch Home Entertainment. "Each is a star vehicle with great appeal to their respective fan followings and we are confident they will be well received."

The comedy "Numb" starring Golden Globe® Award-nominee Matthew Perry, premiered at the 2007 Tribeca Film Festival and won the 'Gen Art Chicago Audience Award' at the 2007 Gen Art Film Festival. "Numb" is about Hudson Milbank, a depressed screenwriter who begins to think that everything around him is unreal. As he struggles to cope by watching the soothing Golf Channel, things start to change for the better when he meets someone whose relaxed ways and big-hearted spirit make his race to recovery imperative. "Numb" is scheduled for theatrical release in North America in the winter of 2008.

"When a Man Falls in the Forest" features Academy Award®-nominee Sharon Stone, Academy Award®-winner Timothy Hutton and "Spiderman"'s Dylan Baker. The film is about three dysfunctional characters who have nothing to look forward to and dream about regaining control over their lives. Bill's, Gary's and Karen's quest for a purpose is never realized as their mind-boggling everyday experiences are too insignificant. "When a Man Falls in the Forest" will be released on DVD in Canada on January 8, 2008.

"Operation Espionage" currently in pre-production, features Wesley Snipes reprising his role in the Genie Award-winning sleeper hit of 2000, "The Art of War." "Operation Espionage" is set for release on DVD in summer of 2008.

"Higher Education," also in pre-production, stars martial arts master Steven Seagal, and will be released in summer of 2008.

"Canada represents a significant piece of our business these days and we are pleased to be able to partner again with Peace Arch to enter that market," said Tim Brown, President of Insight Film Releasing.

About Insight Film Studios

Insight Film Studios is Canada's biggest and fastest growing independent television and film production studio and distributor and one of the largest producers of film and television movies in North America. In 2007, the company will produce and deliver twenty MOWs, five feature films and two prime-time dramatic series, a reality series and a documentary series. For additional information please visit www.insightfilm.com

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 500 classic and contemporary titles. Through its subsidiary, Peace Arch Home Entertainment, Peace Arch is also one of the leading distributors of DVDs and related products in Canada. For additional information, please visit www.peacearch.com. Peace Arch recently acquired Dufferin Gate Productions, one of Toronto's foremost providers of production services and facilities, and Trinity Home Entertainment, a leading distributor of independent features films in the United States.

For more investor-oriented information about Peace Arch Entertainment, visit http://www.trilogy-capital.com/tcp/peace-arch/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/peace-arch/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/peace-arch/factsheet.html. To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit http://www.trilogy-capital.com/tcp/peace-arch/conference.html.

FORWARD-LOOKING STATEMENT:

This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • Contact:

    Roy Bodner
    Vice President Public Relations
    Peace Arch Entertainment
    (310) 776-7208
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    Financial Communications
    Trilogy Capital Partners
    Ryon Harms
    (800) 592-6067
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