Ocean Point Advisors, Inc.

Ocean Point Advisors, Inc.

September 21, 2010 10:27 ET

Knightscove Faces "Sophie" Film Claim

Movie Financing Consultant Seeks Damages

LOS ANGELES, CALIFORNIA, TORONTO, ONTARIO and REHOBOTH BEACH, DELAWARE--(Marketwire - Sept. 21, 2010) - Ocean Point Advisors, Inc. (OPA) announced today that a claim has been commenced in the Superior Court of Ontario against Sophie Films 2009 Inc. (the Film), Knightscove Media Corp., and Knightscove Family Films Inc., variously for breach of written consulting agreements, copyright infringements, and unjust enrichment. General, special, consequential, aggravated, exemplary and punitive damages are being sought, along with an accounting of profits, legal costs and a possible injunction. None of the allegations have been proved yet in court.

The claim arises from the making of the film "Sophie" – recently shot in Toronto, starring Brittany Bristow, about a young girl who befriends an elephant. The claim alleges that key advisors were brought in to assist in securing the financing, cast changes and scripting necessary to greenlight the Film, but after a successful summer of shooting in Toronto, the arrangements necessary to secure payment have not materialized. The plaintiffs are requesting damages totaling several million dollars.

OPA Principal, Bill Stuart, commented "we have worked very hard to try to bring about an amicable resolution – there is no way we would have worked as consulting partners in financing, distribution and casting without payment. To be involved, as much as we have, in this great family film – and now faced with bringing legal action – is unacceptable."

Knightscove Media Corp. is a Canadian public company, based in Toronto, Ontario, specializing in the distribution, creation and financing of family friendly feature films and television productions under its brand, "Knightscove Family Films".

OPA is a boutique investment advisory firm, based in Rehoboth Beach, Delaware, offering innovative business solutions to both privately held and publicly held companies.

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