SOURCE: Entertainment Capital Corporation

June 22, 2006 09:45 ET

Entertainment Capital Corporation Portfolio Company FilmMates Entertainment Secures Worldwide Distribution for Award-Winning Comedy, "My Suicidal Sweetheart"

LOS ANGELES, CA -- (MARKET WIRE) -- June 22, 2006 -- Entertainment Capital Corporation (ECC), whose focus is to invest in companies engaged in various aspects of the entertainment industry, today announced that portfolio investment company FilmMates Entertainment, Inc., a Los Angeles-based film acquisition, finance, production and distribution company, has acquired worldwide theatrical, television and home video/DVD distribution rights to "My Suicidal Sweetheart" (www.mysuicidalsweetheart.com), an award-winning dark romantic comedy from director Michael Parness.

The rights to distribute "My Suicidal Sweetheart" were secured during FilmMates Entertainment's appearance at the 47th annual Marché du Film, which took place from May 17-27 at the Cannes Film Festival (Festival International du Film de Cannes) in Cannes, France. The deal was brokered by FilmMates Entertainment senior vice president of development Jay Malla Maldonado, B. D. Fox & Friends vice president Kristine Kreska, and Full Glass Films executive producer Elana Pianko.

"My Suicidal Sweetheart," from G. Mac Brown, the Executive Producer of "You've Got Mail" and "The Interpreter," features an original soundtrack by Kevin Hearn (Barenaked Ladies) and stars David Krumholtz ("Serenity," "Ray"), Natasha Lyonne ("Blade Trinity"), Lorraine Bracco ("The Sopranos"), Tim Blake Nelson ("Meet the Fockers"), David Paymer ("In Good Company"), and Rosanna Arquette ("Diary of a Sex Addict").

The film has won numerous awards, including Best Film, Best Actress and Best Supporting Actor at the Trenton Film Festival; Best Feature Film at the Magnolia Film Festival; Best Film, Best Director and Best Screenplay at the Sacramento Film Festival; Best Actor and Best Score at the California Independent Film Festival; and Grand Jury Prize: Best Picture at the Rhode Island Film Festival.

"The worldwide distribution rights to 'My Suicidal Sweetheart' is another important acquisition for FilmMates Entertainment, and we were pleased to have reached this agreement during our recent appearance at Cannes," said John Bailey, chief executive officer for Entertainment Capital Corporation. "We believe that there will be considerable interest in this film from buyers in home entertainment markets around the world."

FilmMates Entertainment is planning a limited U.S. and Canada theatrical release for "My Suicidal Sweetheart" in fall 2006, followed by a home video/DVD release.

Iyan M. Bruce, vice president of home entertainment for FilmMates Entertainment, commented, "Director Michael Parness has scored a home run with this hilarious dark comedy, and we are thrilled to present it to audiences worldwide. With smart writing, clever direction, spot-on music and stellar cast performances, it is apparent why this film continues to receive so many accolades."

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About FilmMates Entertainment, Inc.

FilmMates Entertainment, Inc. is a global motion picture financing, production and distribution company that acquires content for theatrical, television, home entertainment and portable digital markets. In January 2006, the company entered into a multi-year home video distribution agreement with Vivendi Visual Entertainment (VVE), a division of Universal Music Group Distribution (UMGD). Founded in November 2001 as a fund acquiring films from promising, young directors, FilmMates Entertainment currently has a film library of 41 theatrical and direct-to-DVD releases. For more information, please visit www.filmmates.net. Entertainment Capital Corporation owns a controlling interest in FilmMates Entertainment, Inc.

About Entertainment Capital Corporation

Entertainment Capital Corporation (www.entertainmentcapitalcorp.net), a business development company pursuant to the Investment Company Act of 1940, was formed to build a portfolio of investments in the entertainment industry, including companies engaged in movies, music, home video, television and related projects. In addition to portfolio company FilmMates Entertainment, Inc., Entertainment Capital Corporation has acquired a 100% interest in Roma Music Group, Inc., a privately held Nevada corporation, which is comprised of two divisions, a music publishing arm that owns and administrates copyrights to music for film properties and a record label that produces and distributes soundtracks and new recording artists.

About Full Glass Films

New York-based production company, Full Glass Films (www.fullglassfilms.com), is a full service production company that focuses on producing feature films under $10 million. Partners are Michael Parness, who also runs Trendfund.com, a Wall Street trading company, along with Producers Elana Pianko and Stan Erdreich. Company recently completed the political thriller, "THE INSURGENTS" and has a busy development slate. Next to go into production is the coming of age drama "THE THIRD EYE" written by O'Neal Compton. Parness will be at the helm for the thriller "ROAD KILL." Among projects in development are, "MR. LOSER" the comic autobiographical rags to riches life story about Parness, "LEGACY," a film about a young basketball prodigy, and "THE FORFEITURE KING," a drama based on a true story of greed and politics on the East Coast. Full Glass Films also produces commercials and music videos.

Contact Information

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    Gemini Financial Communications for Entertainment Capital Corporation
    A. Beyer
    951-587-8072
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