SOURCE: Hollywood Studios International

February 08, 2011 20:13 ET

Paul Schiff Forms Pact With Hollywood Studio International

First Project Out of the Gate Is New Heist Film Directed by Jon Amiel

LOS ANGELES, CA--(Marketwire - February 8, 2011) - It was announced today that veteran film producer Paul Schiff is joining forces with Hollywood Studios International (OTCBB: HYWS), a media holding company headed by Chairman & CEO Steven Saxton, in a comprehensive deal that includes bringing in material and projects through his Paul Schiff Productions and coming aboard Hollywood Studios International projects already in the pipeline.

The first project coming to Hollywood Studios International through Schiff is the heist film "Masterwork," which Jon Amiel ("Entrapment," "Copycat") is directing from a screenplay by Marc Gottleib ("Joust"). Schiff and Tai Duncan are producers along with Saxton.

Less than a year old, Hollywood Studios International has already made a sizeable footprint in the independent landscape having executive produced, as its debut film project, the breakout hit "The Kids Are All Right," one of the most critically acclaimed films of the year and winner the 2011 Golden Globe® for Best Motion Picture - Musical or Comedy as well as Best Performance by an Actress in a Motion Picture - Musical or Comedy (Annette Bening). Recently nominated for four Oscars®, including Best Picture, the film was produced in association with Artist International (a Hollywood Studios International company) and executive produced by Steven Saxton.

Schiff has made a name for himself as one of Hollywood's most accomplished producers, responsible for over 28 films that have achieved both critical and commercial success throughout his career. Some of the films produced by Schiff include "Rushmore," "Maid in Manhattan," "Solitary Man," "Mona Lisa Smile," "My Cousin Vinny," "Walking Tall," "The Vanishing" and "Young Guns I & II," to name a few.

Commented Schiff, "The beauty of the deal is that I will be working on Hollywood Studios International's slate at a macro/strategic level, and also focusing on select projects as a producer to help ensure that the production process is well managed and designed to foster a healthy, creative environment for filmmakers."

In this newly created role, Schiff will work closely with HSI Films President Eric Christenson as well as the Artist International team led by Joel Newton and Dave Brown. Joining Schiff at Hollywood Studios International is Tai Duncan, Senior Vice President of Production at Paul Schiff Productions.

"We're excited to welcome Paul to the Hollywood Studios International family," said Chairman & CEO Steven Saxton. "We've planned on expanding operations and bringing in highly respected and talented people. In building the Hollywood Studios International team, our aim is to surround ourselves with executives who are as passionate as they are skilled in their respective fields. We have an elite producer and true leader in Paul. As we gear up for what we believe will be a major growth year for the company, we're entrusting Paul to build the foundation of our ambitious film slate. Paul's track record speaks for itself. He is one of the best in the business and is the ideal partner for us."

In "Masterwork," an art thief plans his perfect heist -- his own masterwork -- in the newest and most secure museum in the world, the new Louvre Abu Dhabi. The spurned woman who knows him better than anybody and the Interpol agent who has made it his life's work to catch him, launch their own plan to bring him down, while preventing the theft of the most famous painting in the world: the Mona Lisa.

Additional details on the film will be announced in the coming weeks.

About Hollywood Studios International:

Hollywood Studios International (OTCBB: HYWS) is a media holding company focused on the intelligent deployment of capital in the entertainment industry. The company has developed a portfolio of fee-based businesses ranging from talent representation to international distribution. Following the current round of funding, the Company intends to file with the SEC to be a fully reporting publicly traded company.

About HSI Films:

HSI Films is a worldwide theatrical motion picture financing, production and distribution company that handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired films. HSI Films also represents International sales for both its own slate and third party product.

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