SOURCE: Peace Arch Entertainment Group Inc.

October 01, 2007 03:30 ET

Peace Arch Entertainment Announces Second Season Premiere of Hit Television Series 'Makeover Wish'

Company's The Eyes Television Division Continues to Capitalize on Record-Setting Production Schedule

TORONTO--(Marketwire - October 1, 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, today announced that the second season premiere of "Makeover Wish," a feel-good lifestyle television series produced by the Company's The Eyes television division, will air tonight on HGTV Canada. The Eyes is currently experiencing a record-setting production schedule with 47 new television episodes and three new pilots during 2007.

"Makeover Wish" is an innovative reality-show format that follows a $25,000 makeover dream come true for very deserving people. Nominated by co-workers, friends and family for this special and once-in-a-life time opportunity, homeowners receive a fantastic makeover for the whole family, for one person, or the entire town.

"We are very excited about the season premiere of 'Makeover Wish' and believe that the show is representative of the solid television programming that The Eyes has successfully commercialized in Canada," said John Flock, President and Chief Operating Officer of Peace Arch Entertainment. "By producing this type of high-quality, low-cost content, Peace Arch is able to generate reliable cash flow, profitability and ultimately, increased shareholder value."

Peace Arch recently signed an exclusive international distribution agreement for several of the Company's television formats, including "Makeover Wish," to Distraction Formats, a leading independent format distributor whose operations include the redesign of successful television programming for use in new language and cultural markets around the globe.

"We could not be more pleased with the ongoing success of 'Makeover Wish,'" said Blair Reekie, President of The Eyes Project Development Corp. "We believe that the feel-good nature of this series resonates well within Canada and expect that the series will continue to build on last season's ratings."

Peace Arch continues to execute its high-growth business model focused on the production of an increasing volume of highly commercial film and television content while mitigating risk through the utilization of certain financing strategies such Canadian tax credits and non-recourse bank financing.

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

  • Contacts:

    Roy Bodner
    Vice President Public Relations
    Peace Arch Entertainment
    (310) 776-7208
    Email Contact: Email Contact

    Or

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