SOURCE: Peace Arch Entertainment Group Inc.

April 16, 2007 13:00 ET

Peace Arch Entertainment Announces Investor Conference Call to Be Held April 18 to Discuss Q2 2007 Report Showing Record-Breaking Revenues and Net Profits

Revenues Increase 405% to $20.3 Million, With Net Earnings Reaching $2.2 Million, Validating High-Growth Strategy for the International Entertainment Company

TORONTO -- (MARKET WIRE) -- April 16, 2007 -- Peace Arch Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an innovative film and television entertainment company, will hold an investor conference call on Wednesday, April 18, 2007, at 12 noon Eastern to discuss its recently reported record-breaking $20.3 million in revenues for fiscal Q2 2007, a significant 405% increase over the comparable period the previous year.

Peace Arch also reported net earnings of $2.2 million, or $0.06 per diluted share in the second quarter, compared to a net loss of $(0.7) million, or $(0.04) per diluted share for the same period last year.

"Our revenues for the first six months of 2007 have already reached $31 million, and we feel very confident that Peace Arch will continue making gains for the final two quarters of 2007," said John Flock, President of Peace Arch Entertainment. "We are fully committed to continue building value of this magnitude for all of our shareholders. I invite all interested investors to dial into this conference call and listen to the various events that contributed to our record revenues."

The Company delivered 16 episodes of television programming during the quarter, including five episodes of the dramatic new series "The Tudors," which premiered to record audiences in the U.S. on Showtime Networks, 11 episodes of three lifestyle series and five movies. This is compared to the delivery of 13 episodes of a television series and no movies in the second quarter of last year.

Callers within the United States can access the conference call by calling (888) 276-0010; when prompted tell the operator you would like to connect to the 'Peace Arch Entertainment conference call.' International callers can dial (612) 332-0634. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/peace-arch/.

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 motion pictures 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.

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, 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) 450-1711
    Email Contact

    Or

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