SOURCE: Consolidated Pictures Group, Inc. (Leonidas Films, Inc.)

June 25, 2009 09:30 ET

Consolidated Pictures Group, Inc. (CPGU) Says, "I Love You Phillip Morris"

HOLLYWOOD, CA--(Marketwire - June 25, 2009) - Consolidated Pictures Group, Inc. (PINKSHEETS: CPGU), a domestic film production and distribution group, will distribute "I LOVE YOU PHILLIP MORRIS," one of the biggest and most talked-about films to premiere at this year's Sundance Film Festival and Cannes Film Festival, at their Director's Fortnight, and was acquired by CPGU through its principals Timothy Patrick Cavanaugh, Randall Miller, Jody Savin, and James Mancuso, General Counsel for CPGU.

In addition, CPGU recently acquired a 49.5% interest in "Bottle Shock" and a 31% interest in "Nobel Son" to generate future revenues and as additions to its film catalog. Both films were released last year by Freestyle Releasing and directed by Randall Miller and produced by his partner Jody Savin. Freestyle has been chosen by CPGU as its theatrical booking agent under a long term, multi-picture deal. Susan Jackson, co-president of Freestyle has worked closely with CPGU in putting together the film distribution arm of the company.

"I LOVE YOU PHILLIP MORRIS" stars Jim Carrey, Ewan McGregor, Rodrigo Santoro and Leslie Mann. The film is the feature debut of directors John Requa and Glenn Ficarra, who also wrote the screenplay. The pair previously scripted the hit comedy "BAD SANTA." Andrew Lazar and Far Shariat are the producers. Luc Besson is the executive producer and his company Europacorp fully financed the picture and licensed CPGU to distribute it domestically. Europacorp has topped one billion dollars in worldwide box office receipts.

Carrey and McGregor were lauded by critics and audiences alike at Sundance for their fearless performances, with Variety saying audiences would be "laughing and stunned" and the Hollywood Reporter noting Carrey was at "his nimble best," in the role. "I LOVE YOU PHILLIP MORRIS" is a brilliant work on so many levels: superb writing, amazing acting and the filmmaking is flawless.

CPGU has brought on film ad and marketing guru Matthew Cohen, also under a long term multi-picture deal; who worked on the campaigns for "BENJAMIN BUTTON," "HAIRSPRAY" and "NO COUNTRY FOR OLD MEN" and plans to release "I LOVE YOU PHILLIP MORRIS" on Valentine's Day weekend, February 12, 2010, worldwide.

Carrey most recently starred in "YES MAN" and will be seen this holiday season in Robert Zemeckis' "A CHRISTMAS CAROL." McGregor starred recently in "ANGELS AND DEMONS" and "AMELIA." Santoro is well known to audiences as King Xerxes in "300." Leslie Mann starred in the recently released "17 AGAIN" and to be released "FUNNY PEOPLE."

Creative Artists Agency packaged the film, Graham Taylor of Endeavor and Lichter, Grossman, Nichols & Adler negotiated the licensing agreement deal on behalf of Europacorp which includes a significant P&A commitment. Irwin Rappaport, Esq. represented CPGU.

CPGU has acquired another feature film from Inferno Entertainment, produced by Bill Johnson. It is scheduled to be released between November and December 2009. The date and title of that film release will be announced by July 15, 2009, including marketing details. CPGU has also made an offer for a "documovie" that it plans to release domestically next May 2010.

Note: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward looking, such as statement relating to plans for future expansion and other business development activities, as well as other capital spending, financing sources and the effects of regulation (including gaming and tax regulation) and competition. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the company. These risks and uncertainties include, but are not limited to, those relating to development and construction activities, dependence on existing management, leverage and debt service (including sensitivity to fluctuations in the interest rates), and domestic or global economic conditions.

Contact Information