SOURCE: Peace Arch Entertainment Group Inc.

November 26, 2007 06:30 ET

Peace Arch Announces Required Change to Its Board of Directors

TORONTO--(Marketwire - November 26, 2007) - Peace Arch Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company creating and acquiring critically acclaimed film, television and DVD content for worldwide distribution, announced today that Ms. Mara Di Pasquale, the Company's Chief Financial Officer has resigned as a director of the Company. Ms. Di Pasquale's resignation from the Board was prompted by the appointment of Jeff Sagansky as Interim Chief Executive Officer on November 6, 2007. As a result of Mr. Sagansky's appointment as Interim Chief Executive Officer, he ceased to be an independent director of the Company. In order for the Company to continue to meet AMEX and OSC guidelines which require that a majority of the board members be independent, one of the non-independent directors was required to resign. Ms. Di Pasquale will continue in her role as Chief Financial Officer of the Company and will still play a meaningful role as an observer on the board.

Accordingly, the directors of the Company consist of Messrs. Drew Craig, Ian Fodie, Robert Essery and Ms. Juliet Jones, each of whom is considered to be an independent director and Messrs. Jeff Sagansky, Richard Watson and John Flock each of whom are considered to be non-independent directors. The Board intends in due course to seek out another suitable independent candidate for the Board so that at the appropriate time Ms. Di Pasquale can seek re-appointment to the Board.

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 1000 classic and contemporary titles. For additional information, please visit

For more investor-oriented information about Peace Arch Entertainment, visit For current stock price quotes and news, visit To view an Investor Fact Sheet, visit To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • Roy Bodner
    Senior Vice President
    Marketing and Communications
    Peace Arch Entertainment
    (310) 776-7208
    Email Contact: Email Contact


    Financial Communications
    Trilogy Capital Partners
    Ryon Harms
    (800) 592-6067
    Email Contact: Email Contact