SOURCE: Peace Arch Entertainment Group Inc.

December 03, 2007 10:02 ET

Peace Arch Entertainment Announces Investor Conference Call on December 7 to Discuss Financial Performance for Fiscal 2007

Company to Release Year-End Financial Performance on Thursday, December 6, 2007

TORONTO--(Marketwire - December 3, 2007) - Peace Arch Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company creating and acquiring critically acclaimed film, television and DVD content for worldwide distribution, will hold an investor conference call on December 7, 2007, at 9 am Eastern, to discuss the Company's financial performance for fiscal 2007. Peace Arch has also announced that the Company's SEDAR filing is scheduled to be released on Thursday, December 6, 2007.

"Peace Arch's fiscal 2007 was the strongest period of growth in the Company's history," said Jeff Sagansky, Chief Executive Officer of Peace Arch Entertainment. "We successfully completed several milestone acquisitions, made some management changes, and we are well on or way to redefining our business model. As such the Board has encouraged the auditors to take the additional time on the audit that has been required. John Flock, our President and Chief Operating Officer, and I look forward to speaking directly with our investors during this Friday's conference call as we move towards an even more promising fiscal 2008."

Peace Arch Entertainment is a diversified entertainment company that produces, acquires, licenses and distributes feature film, television and home entertainment programming. Peace Arch owns one of the largest independent film libraries in the world, containing more than 1,000 classic and contemporary titles. Based in Toronto, Los Angeles, New York and Vancouver, Peace Arch capitalizes on worldwide growth opportunities through proven financial strategies and established distribution and licensing operations in the United States and Canada.

Given recent material events such as management transitions, acquisitions and new economies of scale, the Company has required additional time to ensure full compliance. Peace Arch's SEDAR filings have now been scheduled for release this Thursday, December 6, 2007. Peace Arch fully intends to continue to satisfy the provisions of the Alternative Information Guidelines set out in Ontario Securities Commission Policy 57-603 until the scheduled release. Should the Company not file its financial statements on or before January 29, 2008, the OSC may impose an issuer cease trade order that all trading in securities of the Company cease for such period of time as specified by the OSC. In addition, an issuer cease trade order may be imposed sooner if the Company fails to comply with the Alternative Information Guidelines. The Company is in default of filing its annual financial statements and MD&A for the year ended August 31, 2007 which were to have been filed by November 29, 2007 pursuant to relevant securities laws.

The Company confirms that there is no other material information concerning the affairs of the Company that have not been generally disclosed as of the date hereof.

Callers within the United States can access the conference call by calling (888) 428-4478; when prompted tell the operator you would like to connect to the "Peace Arch Entertainment conference call." International callers can dial (612) 332-0820. An online audio web simulcast of the call will also be accessible at

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 1,000 classic and contemporary titles. For additional information, please visit For more investor-oriented information about Peace Arch Entertainment, visit For current stock price quotes and news, visit To view an Investor Fact Sheet, visit To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit

Forward-Looking Statements

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

  • Contacts:
    Roy Bodner
    Senior Vice President
    Marketing and Communications
    Peace Arch Entertainment
    (310) 776-7208
    Email Contact: Email Contact


    Financial Communications
    Trilogy Capital Partners
    Ryon Harms
    (800) 592-6067
    Email Contact: Email Contact