SOURCE: Market Pulse

March 07, 2005 08:30 ET

Market Pulse Breaking News Alert for Monday, March 7, 2005: FMLY - Nicolas Cage Joins Family Room Entertainment With "THE WICKER MAN"!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- March 7, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: Family Room Entertainment Corp. (OTC BB: FMLY), Aspreva Pharmaceuticals Corp. (NASDAQ: ASPV), Apple Computer Inc. (NASDAQ: AAPL), and Oracle Corp. (NASDAQ: ORCL).

Investors need to be watching Family Room Entertainment Corp. (OTC BB: FMLY) this AM! FMLY develops, produces and performs production related services for the entertainment industry. FMLY operates mainly through three wholly owned subsidiaries: Emmett Furla Films Productions (EFFP), Emmett Furla Films Distribution (EFFD) and EFF Independent (EFFI). FMLY's goal, through EFFI and EFFP, is to facilitate relationships between creative talent and companies who produce, finance and distribute motion pictures. FMLY has numerous projects that are in development and/or slated for production in fiscal year 2005. Family Room had excellent news out after Friday's bell announcing that Nicolas Cage has signed to star in "THE WICKER MAN." This could be great news for investors!

Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTC BB: FMLY), in conjunction with Millennium Films and Equity Pictures, announced this morning that Nicolas Cage has signed to star in "THE WICKER MAN" for writer/director Neil LaBute. The picture is scheduled to begin filming in Vancouver in mid-July. This announcement follows Family Room's announcement last week (February 25, 2005) that it had been diligently developing and packaging new projects to announce in the near future. "THE WICKER MAN" is the first of those projects to be announced.

The suspense thriller by Neil LaBute ("IN THE COMPANY OF MEN" & "NURSE BETTY") is a remake of the 1973 UK cult classic. "THE WICKER MAN" follows the story of Sheriff Edward Malus (NICOLAS CAGE) as he investigates the disappearance of a young girl on a remote island off the coast of Maine. Things and people are not as they seem on the island and when Sheriff Malus discovers evidence of pagan rituals his hope of unraveling the girl's disappearance become increasingly uncertain.

Co-chairmen Randall Emmett and George Furla stated: "We are excited to be working with Neil and Nick on `THE WICKER MAN.' Everyone on board has expressed how excited they are to be making a very scary and commercial movie, and we are very pleased that Family Room is a part of this project."

As follow-up to last week's announcement, Family Room Entertainment would also like to re-cap its projects.

The following projects are in active production or are slated to be in active production during fourth quarter of fiscal 2005 and the first quarter of fiscal 2006: "

--  "LONELY HEARTS," starring John Travolta and James Gandofini, is set to
    begin principal photography on March 24, 2005;
--  "MERCENARY," starring Steven Seagal, is set to begin filming on April
    4, 2005; and
--  "THE CONTRACT," starring John Cusack and recent Academy Award winner
    Morgan Freeman with Academy Award Nominee Bruce Beresford directing, is set
    to begin principal photography on July 5, 2005.
    
The following projects have completed principal photography and are currently in post-production:
--  "EDISON," starring recent Academy Award winner Morgan Freeman, LL Cool
    J, Justin Timberlake and Kevin Spacey;
--  "THE TENANTS," starring Dylan McDermott and Snoop Doggy Dogg;
--  "TODAY YOU DIE," starring Steven Seagal;
--  "SUBMERGED," starring Steven Seagal; and
--  "THE WIDOW'S LOVER," starring Willem Dafoe.
    
The following projects are currently in theaters or have announced release dates from their domestic distributor;
--  "THE AMITYVILLE HORROR" is slated to be released on April 15, 2005;
    and
--  "LOVE SONG FOR BOBBY LONG," starring John Travolta and three time
    Golden Globe Nominee, Scarlett Johansson, is currently in theaters.
    
Family Room, through its various subsidiaries, is in active development in conjunction with third parties on the following projects:
--  "MICRONAUTS," which is based on the 1970s and '80s toy line and
    featured in almost 200 Marvel Comics issues;
--  "ROOM SERVICE," based on the novel by Beverly Brandt and starring
    Jessica Simpson; and
    
The project "88 MINUTES" has been delayed pending a new start date.

The project "RIN TIN TIN" has been abandoned project due to lack of marketplace response.

About Family Room Entertainment

Family Room Entertainment Corporation, with its subsidiaries, Emmett Furla Films Productions ("EFFP"), Emmett Furla Films Distribution ("EFFD") and EFF Independent (EFFI"), is a publicly held company trading on the NASDAQ Bulletin Board under the symbol "FMLY." Family Room Entertainment develops, produces and performs production related services for the entertainment industry. Family Room Entertainment's goal, through EFFI and EFFP, is to facilitate relationships (and as such, provide production related services) between creative talent (including writers, actors and directors) and companies who produce, finance and distribute motion pictures. FMLY derives its income from producer fees, production consulting and service fees and royalties as well as its participation in the profits of the various pictures it produces.

The FMLY co-founders, Randall Emmett and George Furla, believe that they have the expertise and contacts within the entertainment industry, specifically in the competitive development, production and distribution arenas, to profitably acquire content, package product by adding value to the content with top quality talent and arrange with third parties to produce and finance motion pictures which are in the moderate to higher level budgets, which can be distributed by those with the expertise to effectively do so to a mass worldwide audience. However, there is no assurance that any motion picture, which has not yet been released, will be released, that a change in the scheduled release dates of any such films will not occur or, if such motion picture is released, it will be successful.

Stocks acting well as of late include: Aspreva Pharmaceuticals Corp. (NASDAQ: ASPV), Apple Computer Inc. (NASDAQ: AAPL), and Oracle Corp. (NASDAQ: ORCL).

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