SOURCE: Peace Arch Entertainment Group Inc.

March 11, 2008 16:01 ET

Peace Arch Entertainment Acquires Worldwide Distribution Rights to Award-Winning Feature Film "A Lobster Tale"

Company Continues Building Premier Content Library Through In-House Production, Project Acquisitions

TORONTO--(Marketwire - March 11, 2008) - Peace Arch Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company, announced today that it has acquired worldwide distribution rights to the award-winning feature film "A Lobster Tale," and will launch the title's international marketing campaign at the MIP-TV conference in April.

The company has already concluded sales of the picture in several international territories, including Australia and Brazil. The film will have its North American DVD premiere this summer through Peace Arch Home Entertainment.

"A Lobster Tale" received nods for Best Picture at the 2007 Omaha Film Festival, as well as Best Screenplay and the coveted Audience Favorite awards at the 2007 Phoenix Film Festival.

Directed by Adam Massey, "A Lobster Tale" is a feel-good film about a struggling lobster fisherman whose life is turned upside down when he discovers a strange moss with magical healing powers.

Colm Meaney ("The Commitments," "Layer Cake") stars as Cody Brewer, a down-on-his-luck lobsterman in a small Maine fishing village who inadvertently discovers the mysterious sea moss in one of his traps. Tension in the already fragile Brewer family erupts when the true supernatural quality of the moss is revealed and becomes sought after by everybody in town.

Academy Award-nominated actor Graham Greene ("Dances with Wolves," "The Green Mile") lends humor to his role as the laid-back town sheriff. Alberta Watson ("24," "Away From Her") stars as Cody Brewer's wife, who tries everything to spark a flame of romance in her husband as she juggles motherhood and a job as a waitress.

Jack Knight shines as their young son, Jake, whose struggles at home and school are only amplified by this miraculous discovery.

From Catch One Productions, in association with Darius Films; Nicholas Tabarrok and Neil Shaw served as executive producers, with Lincoln Stalmaster and Adam Massey producing.

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 1,000 classic and contemporary titles. For additional information, please visit www.peacearch.com. For more investor-oriented information about Peace Arch Entertainment, visit http://www.trilogy-capital.com/tcp/peace-arch/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/peace-arch/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/peace-arch/factsheet.html. To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit http://www.trilogy-capital.com/tcp/peace-arch/conference.html.

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, that the corresponding restatement of the Company's financial statements may change based upon the Audit Committee's ongoing analysis, that the Company's ability to file required reports timely with the Securities and Exchange Commission will be impaired, that potential claims or proceedings may arise relating to such matters, that the Audit Committee in consultation with the Company's independent public accounting firm will determine that the proper accounting differs from the accounting treatment upon which the assumptions and forward looking statements in this release are based 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

  • Contact:

    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