SOURCE: Seven Arts Pictures Inc.

August 18, 2010 13:55 ET

Seven Arts Pictures Inc. to Acquire Additional Shares in Seven Arts Pictures PLC

HOLLYWOOD, CA--(Marketwire - August 18, 2010) -  Seven Arts Pictures Inc. ("SAP"), a private company controlled by Seven Arts' CEO Peter Hoffman and a principal shareholder of Seven Arts Pictures PLC (NASDAQ: SAPX), announced today that it has agreed to purchase additional shares of SAPX between now and September 17, 2010, subject to market conditions. Any purchases shall be made after SAPX has announced its third quarter earnings for the quarter ended March 31, 2010.

Peter Hoffman commented, "I am optimistic about our prospects and the outlook for the future based on films in development, such as the recently announced 'Neuromancer' project, and the earnings potential of films now being released, such as 'Pool Boys' and 'Night of the Demons.' SAP plans to purchase common stock on the open market in an amount up to 200,000 shares, market conditions permitting."

About SAP:

Seven Arts Pictures Inc. ("SAP") was founded by Peter and Susan Hoffman and is the majority shareholder in Seven Arts Pictures Plc (NASDAQ: SAPX). SAP engages in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.

Cautionary Information Regarding Forward-Looking Statements:
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.

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