SOURCE: Empire Film Group, Inc.

March 20, 2008 14:23 ET

Empire Announces $20 Million Production Slate for 2008

BEVERLY HILLS, CA--(Marketwire - March 20, 2008) - Empire Film Group, Inc. (PINKSHEETS: EFGU) ("Empire Film") (http://www.empirefilmgroup.com) has announced production commitments and financing for seven feature films or original projects scheduled for 2008 with a collective cost of more than $20 million. The production slate ranges from lower-budgeted, direct-to-DVD projects such as "The Southern Fried Comedy Tour," to major, theatrical action-adventures such as the terrorist-themed, football thriller, "The Game."

"We have a lot of confidence in the commercial value of these original productions," said Dean Hamilton-Bornstein, CEO of Empire Film Group, Inc. "For the most part, financing has been structured through a combination of presales, co-production ventures, equity participants and access to tax benefits and rebates. We believe that these creative forms of financing partnerships provide a major boost to Empire's asset base with little or no risk to the company."

Titles in the 2008 production slate include: "Shadow Vision," a sci-fi thriller to be shot in 3D; "The Game," an action-adventure about a terrorist hijacking of a plane full of professional football players; "The Southern Fried Comedy Tour," a star-studded, comedy DVD shot throughout the southern U.S.; and "Primate," a suspense thriller about a Bigfoot expedition gone awry. Empire has committed to three additional productions that are part of the $20 million slate, details of which will be announced shortly. In addition to these seven projects, Empire is also progressing with the pre-production of "Havana Heat" and development of four additional, theatrical-caliber features. In total, Empire is currently producing or developing twelve productions with a cumulative production investment of more than $35 million.

"The Empire production slate represents the level of high-profile, theatrical titles that independent studios need to flourish in today's distribution marketplace," said Eric Parkinson, CEO of Empire Home Entertainment, the distribution division of Empire Film Group, Inc. "The in-house capability of Empire to develop, produce and finance high-profile productions strengthens the company's ability to react to the marketplace and satisfy changing demands. Our recent upgrade of 'Shadow Vision' to 3D is representative of our ability to adapt to market opportunities, and to maximize the company's success."

The seven films comprising the $20 million investment are all scheduled to commence production during 2008, with most slated for release during 2009.

About Empire Film Group, Inc.

Empire Film Group, Inc. ("EFG") is a new independent film finance, production, and distribution company led by a management team with over 25 years of experience in development, production, distribution, finance, marketing and distribution of feature films and television programming. Through its acquisition of Truman Press, Inc., d/b/a "Hannover House," Empire is also a fully integrated film, DVD and book distributor, with sales relationships for placement of products into all major USA retail chains, theatre circuits and television outlets.

Learn more about Empire Film Group by visiting www.empirefilmgroup.com

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