SOURCE: Peace Arch Entertainment Group Inc.

September 12, 2007 03:30 ET

Peace Arch Entertainment Announces CEO Gary Howsam Signs New Multi-Year Agreement

Agreement Highlights Howsam's Leadership as Company Continues to Create Critically Acclaimed Content for Production and Distribution in Lucrative International Markets

TORONTO--(Marketwire - September 12, 2007) - Peace Arch® Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company creating critically acclaimed television, film and DVD content for worldwide distribution, today announced that Chief Executive Officer Gary Howsam has signed a new employment agreement, effective September 1, 2007 through September 2009. The agreement further validates Mr. Howsam's key leadership role as Peace Arch continues to execute on becoming a fully integrated entertainment company with major distribution partners in nearly every major international market.

Since joining Peace Arch in December 2002, Mr. Howsam has managed the Company's expansion from a small production company to a high growth emerging leader in the global entertainment sector, creating critically acclaimed television, film and DVD content for worldwide distribution. The Company's outstanding performance in production, acquisition and sales during the last five years has resulted in its ten-fold increase in revenue, one hundred-fold increase in market value, and ten-fold increase in share value.

"Over the past five years I have worked closely with our exceptional management team to ensure that Peace Arch continues to provide shareholders with a high-growth investment opportunity," said Mr. Howsam. "I look forward to continuing in that tradition and believe that we are just starting to see the true potential of Peace Arch as a dominant force in the entertainment industry with a robust production pipeline and long-term license agreements with major studio and distribution partners. It will be my personal mission to work towards achieving ever higher levels of performance in all aspects of the Company's operations."

Mr. Howsam's notable 20-year career in the entertainment industry includes the founding of Greenlight Film and Television, a well-known independent production partnership comprised of international filmmakers and financiers. He also served as Chairman and Chief Executive Officer of Greenlight Communications, overseeing that independent studio's successful entertainment and education divisions. Mr. Howsam also served as founding partner and Chief Executive Officer of Producers Group International, an international communications company offering Television and film production and distribution services. Additionally, he has produced more than 100 documentary shorts.

Peace Arch Entertainment's current line up of feature films and long-form television programming includes the powerful ensemble drama "Winged Creatures," now in post-production, starring Kate Beckinsale, Academy Award®-winners Forest Whitaker and Jennifer Hudson, Dakota Fanning, Guy Pearce and Jackie Earle Haley, and the film satire "The Deal" from the best-selling Peter Lefcourt novel, with a cast that includes Academy Award®-nominee William H. Macy, Meg Ryan, LL Cool J and Elliott Gould, currently in post-production; as well as the Showtime Networks hit ten-part television event mini-series "The Tudors" starring Golden Globe® Award-winning actor Jonathan Rhys Meyers, which premiered to record audiences in the U.S. in April.

Other titles in Peace Arch's growing lineup include, the award-winning comedy "Delirious" from director Tom DiCillo, starring Steve Buscemi, Michael Pitt, Alison Lohman, Gina Gershon and Elvis Costello, and "Chapter 27," a drama starring Jared Leto and Lindsay Lohan which, like "Delirious," had its world premiere at the 2007 Sundance Film Festival; and the romantic comedy "Watching the Detectives" starring Lucy Liu and Cillian Murphy, which world premiered at the 2007 Tribeca Film Festival.

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 500 classic and contemporary titles. Through its subsidiary, Peace Arch Home Entertainment, Peace Arch is also one of the leading distributors of DVDs and related products in Canada. For additional information, please visit www.peacearch.com. Peace Arch recently acquired Dufferin Gate Productions, one of Toronto's foremost providers of production services and facilities, and Trinity Home Entertainment, a leading distributor of independent features films in the United States.

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 STATEMENT

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

  • Contact:

    Roy Bodner
    Vice President Public Relations
    Peace Arch Entertainment
    (310) 776-7208
    Email Contact: Email Contact

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