SOURCE: Market Pulse

March 16, 2005 08:30 ET

Market Pulse Breaking News Alert for Wednesday, March 16, 2005: FMLY - Bruce Willis and Family Room Entertainment Go the Distance in "16 Blocks"!

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

ATLANTA, GA -- (MARKET WIRE) -- March 16, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: Family Room Entertainment Corp. (OTC BB: FMLY), TiVo Inc. (NASDAQ: TIVO), CMGI Inc. (NASDAQ: CMGI), and Ivax Corp. (AMEX: IVX).

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 Tuesday's bell announcing that Bruce Willis has signed on to star in "16 Blocks"! This could be great news for investors!

Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTCBB: FMLY), in conjunction with Millennium Films and Equity Pictures, announced on March 8th that Bruce Willis has signed on to star in "16 BLOCKS" for director Richard Donner ("LEATHAL WEAPON" & "MAVERICK"). The picture is scheduled to begin filming in Toronto and New York in late summer.

This follows Family Room's announcement on February 25, 2005, that it had been diligently developing and packaging new projects to announce in the near future; "16 BLOCKS" is the second of those projects to be announced. The first of these projects was Neil LaBute's ("IN THE COMPANY OF MEN" & "NURSE BETTY") remake of the UK cult-horror pic "THE WICKER MAN," starring Nicolas Cage.

Based on a screenplay written by Richard Wenk, "16 BLOCKS" follows Jack Mosley (BRUCE WILLIS), an aging cop assigned the mundane task of escorting a fast-talking, wise-cracking young witness to the courthouse sixteen city blocks away, and the action-packed thrill-ride that takes place in those "sixteen blocks."

Co-chairmen Randall Emmett and George Furla stated: "We are excited to be working with the strong creative talents of Dick and Bruce. We believe that '16 BLOCKS' is a high-concept picture with commercial appeal and, with the elements assembled, solid potential."

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 Gandolfini, 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 WICKER MAN," starring Nicolas Cage for writer/director Neil
    LaBute, is slated to begin filming in mid-July.
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;
--  "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.
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: TiVo Inc. (NASDAQ: TIVO), CMGI Inc. (NASDAQ: CMGI), and Ivax Corp. (AMEX: IVX).

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