SOURCE: Peace Arch Entertainment Group Inc.

October 12, 2007 03:30 ET

Peace Arch Entertainment's 'Chapter 27' Wins Debut Feature Prize at Zurich Film Festival for Director Jarret Shaeffer

Company to Theatrically Release Highly Anticipated Film in United States Market in March, 2008

TORONTO--(Marketwire - October 12, 2007) - Peace Arch® Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company creating and acquiring critically acclaimed film and television programming, announced today that the Company's controversial feature film "Chapter 27" earned the Debut Feature Prize at its European premiere at the Zurich Film Festival. The prize, which was awarded to first-time director Jarrett Schaeffer, is the latest in a series of awards that the Company's feature films and television programs received during 2007.

The controversial film, a psychological drama about Mark Chapman's gradual breakdown during the days leading up to his murder of Beatle John Lennon, will begin its international theatrical release in Japan in December 2007. Peace Arch will release the Picture theatrically in the United States beginning in March 2008.

"Chapter 27" stars Jared Leto ("Requiem For A Dream," "Panic Room," "Fight Club"), Judah Friedlander ("Zoolander," "Meet The Parents") and Lindsay Lohan ("Mean Girls," "Freaky Friday," "Herbie Fully Loaded"). The film was written and directed by Jarrett Schaefer, and produced by Robert Salerno, Naomi Despres and Alexandra Milchan. "Chapter 27" had its world premiere at the 2007 Sundance Film Festival to sold-out theaters and great controversy over its subject matter. The Zurich Film Festival marked the picture's European festival premiere.

"With the much anticipated theatrical release of 'Chapter 27,' Peace Arch continues to implement its strategic initiative to become a leading theatrical distributor of critically acclaimed and commercially desirable independent films," said John Flock, President and Chief Operating Officer of Peace Arch Entertainment Group. "As we continue to grow our North American distribution operations through accretive acquisitions like Trinity Home Entertainment, expand our television operations with major events like the second season of 'The Tudors,' and build our international theatrical and television sales business with a deep lineup of new programming and library content at events like this week's MIPCOM sales market, our North American theatrical releasing component becomes a key aspect of our plan to build a fully integrated, industry-leading global entertainment company."

Peace Arch acquired Westlake Village, California-based DVD distributor Trinity Home Entertainment, one of the leading independent distributors of budget and first-run feature films in the United States, in July 2007.

Peace Arch recently announced that Sony Pictures Worldwide Acquisition Group and The Canadian Broadcasting Corporation (CBC) each renewed their contracts for a second season of the critically acclaimed, Emmy Award® winning ten-hour series "The Tudors." "The Tudors" is produced by Peace Arch Entertainment and TM Productions in association with The Canadian Broadcasting Corporation and Showtime Networks. The first season of the series premiered in the United States to record audiences on Showtime.

Peace Arch also recently unveiled the Company's largest and most diverse slate of new programming at this week's MIPCOM television market in Cannes, France. At MIPCOM, Peace Arch is licensing to international buyers one new mini-series, eight new feature films, nine lifestyle series and 35 additional titles from the Company's Castle Hill/Dream feature film library, which Peace Arch purchased in December 2006.

Upcoming releases in Peace Arch's rapidly expanding U.S. theatrical distribution lineup include the newly acquired dark comedy "The Babysitters," featuring rising young star Katherine Waterston ("Michael Clayton") alongside Emmy Award winners and Golden Globe nominees John Leguizamo ("Moulin Rouge") and Cynthia Nixon ("Sex and the City"), and the romantic comedy "Watching the Detectives" starring Lucy Liu ("Kill Bill") and Cillian Murphy ("28 Days Later").

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 1000 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

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    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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