SOURCE: Peace Arch Entertainment Group Inc.

December 06, 2007 17:50 ET

Peace Arch Entertainment Updates Schedule for Investor Conference Call Reset for Middle of Next Week

Company Also Updates Release Date for Year End Financial Performance to Middle of Next Week

TORONTO--(Marketwire - December 6, 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 reset the schedule for its investor conference call for the middle of next week. Peace Arch also provided an update to the information disclosed on Monday, December 3, 2007 regarding the Company's SEDAR filing of its audited financial statements for the year ended August 31, 2007, which are scheduled to be released prior to the conference call.

"Given Peace Arch's management transition in the middle of the audit process, our Board recognizes the additional complexities to the preparation of the annual financial statements and audit," said Jeff Sagansky, Chief Executive Officer of Peace Arch Entertainment. "John Flock, our President and Chief Operating Officer, and I are very much looking forward to recapping the most productive year in the history of Peace Arch and to giving shareholders a strategic roadmap for fiscal 2008 during next week's conference call."

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 1000 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 changes and the required integration activities related to recent acquisitions, the Company requires additional time to complete its annual financial statements and audit. Peace Arch's filing of its annual financial statements has now been scheduled for release by the middle of the week beginning December 9, 2007. 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 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

  • Contact:

    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