SOURCE: Golden Spirit Enterprises Ltd.

March 06, 2007 06:30 ET

Golden Spirit Signs Exclusive Licensing Agreement for Horror Flick "The Cabin"

BELLINGHAM, WA -- (MARKET WIRE) -- March 6, 2007 -- Golden Spirit Enterprises Ltd. (OTCBB: GSPT) has signed an Agreement to represent "The Cabin," a teen-oriented, horror/thriller feature film written by Canadian writers, Keir MacPherson and Kaelen Green. "The Cabin" is currently in pre-production.

As distributor of the film, Golden Spirit will receive a fee of twenty-five percent (25%) from the gross amounts of all sales or distribution deals made internationally and twenty percent (20%) from the gross amounts of all sales or distribution deals made in the United States. If Golden Spirit decides to use a sub-distributor, sub-agent and/or sub-licensee to sell, license or distribute the Territory Rights to one or more distributors, then Golden Spirit will increase the distribution fee an additional ten percent (10%) provided that the owner gives prior written approval for such an increase.

Robert Klein, President of Golden Spirit, states, "The decision for Golden Spirit to enter into the horror film genre is due to the incredible financial success that comparable films, such as 'The Saw Trilogy' and 'The Final Destination' group of films, are enjoying in today's movie market."

/s/ Robert Klein
Robert Klein, President

For further information contact: 1-888-488-6882

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit's filings with the Securities & Exchange Commission.

Contact Information

  • For further information contact:
    1-888-488-6882