Peace Arch Entertainment Group Inc.
TSX : PAE
AMEX : PAE

Peace Arch Entertainment Group Inc.

August 04, 2005 06:30 ET

Peace Arch Expands Management Team With Appointment of Seasoned Television Distribution Executive-Craig Media's Former Vice President Programming, Michael Taylor

TORONTO, ONTARIO--(CCNMatthews - Aug. 4, 2005) - Peace Arch Entertainment Group Inc. (TSX:PAE)(AMEX:PAE) today announced the appointment of Michael Taylor, a 22-year television industry veteran, to the newly created post of President of Peace Arch Television, Ltd. Mr. Taylor will spearhead the Company's expansion into representation of third-party television productions to the television and home video distribution markets.

The news of Mr. Taylor's appointment follows the Company's recent announcement of a new equity investment led by entertainment industry veterans Jeff Sagansky, Kerry McCluggage and Drew Craig. Mr. Craig served as President and CEO of Craig Media, Mr. Taylor's former employer. In conjunction with the group's investment in Peace Arch, Mr. Craig was named Chairman of its Board of Directors.

At Craig Media, Canada's largest privately held television broadcasting company until its 2004 sale to Chum Media, Mr. Taylor was responsible for sourcing and negotiating all television program supply agreements with major North American broadcasters and suppliers, television programming and scheduling, and sub-licensing program rights to third-party broadcasters.

Mr. Craig commented, "Having worked closely with Michael for several years and witnessed first-hand the professionalism he brought to his position at Craig Media, I am very pleased that he has agreed to join Peace Arch's senior management team and oversee the launch of our newest division, Peace Arch Television. Michael has been involved with some of the most successful and popular television programming throughout his career, and he has worked with and represented a diverse, who's who list of companies - from ABC Television Network to the William Morris Agency."

Prior to his tenure at Craig Media, Mr. Taylor was CEO at Unified Entertainment (2001-2003), a full-service television distribution and co-production company, CEO of Ewireless Canada Corporation (1999-2001), the Canadian division of a Chicago-based company that created a patented, abbreviated wireless dialing service, and President/COO at Telegenic Communications (1983-1999), a full-service television program, merchandise and licensing entertainment company.

Peace Arch Entertainment CEO Gary Howsam stated, "With the recent investment by accomplished entertainment industry executives Drew Craig, Jeff Sagansky and Kerry McCluggage in our company, the additional liquidity provided by our new credit facility, and now our diversification into distribution of first-run television programming under Michael Taylor's leadership, we believe the pieces are coming into place for a very exciting future of growth and success at Peace Arch."

In July 2005, Peace Arch announced a new US$2 million revolving credit facility with a private financier that will be used to bridge finance preproduction costs across the Company's growing slate of feature film projects. In April, acclaimed film and television producer Fred Fuchs ("Godfather III," "Bram Stoker's Dracula") joined the Company as Executive Vice President, where he is responsible for all of Peace Arch's dramatic television programming and digital media activities and is helping to expand the Company's flourishing feature film production and sales divisions. Peace Arch also has an award-winning, Vancouver-based reality and documentary-focused television production division, The Eyes Production Development Corp. ("Love it or Lose It," "Animal Miracles"), headed by Blair Reekie.

Peace Arch Entertainment Group Inc. (www.peacearch.com), one of Canada's foremost entertainment companies, creates, develops, produces and distributes proprietary feature film and television programming for worldwide markets. Peace Arch Entertainment Group Inc. and its subsidiaries have offices in Toronto, Vancouver, Los Angeles and London, England.

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 the release.

Contact Information

  • Peace Arch Entertainment Group Inc.
    Nicole Spracklin
    (416) 487-0377 (ext. 237)
    nspracklin@peacearch.com
    or
    Jaffoni & Collins Incorporated
    Robert Rinderman or Karin Oloffson
    (212) 835-8500
    PAE@jcir.com