SOURCE: Peace Arch Entertainment Group Inc.

December 17, 2007 15:34 ET

Peace Arch Entertainment Reaffirms That SEDAR Filing Detailing Year End Financial Performance Is Nearing Completion

Management to Update Investors on Company's Record Financial and Operational Performance for Fiscal 2007 During Upcoming Conference Call

TORONTO--(Marketwire - December 17, 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, today provided an update on the Company's expected conference call and the SEDAR filing of its audited financial statements for the fiscal year ended August 31, 2007.

"We are nearing the final stages of our audit process and welcome the opportunity to detail Peace Arch's record financial and operational performance for fiscal 2007," said Jeff Sagansky, Chief Executive Officer of Peace Arch Entertainment. "As we've talked about before, because of a recent management change and the integration of three acquired companies during fiscal 2007, the Company is taking additional time to ensure that all information disclosed in our statements is accurate and compliant. The audit will be completed in due course, and we will provide updated information regarding our release of the statements and conference call as soon as it is available."

Peace Arch fully intends to continue to satisfy the provisions of the Alternative Information Guidelines until the scheduled release. Should the Company not file its financial statements on or before January 29, 2008, the Ontario Securities Commission may impose a cease trade order. 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.

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 www.peacearch.com. 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 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


  • Contact:

    Roy Bodner
    Senior Vice President
    Marketing and Communications
    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