SOURCE: Peace Arch Entertainment Group Inc.

June 13, 2008 03:30 ET

Peace Arch® Entertainment Announces Completion of Ten New Licensing Agreements on 17 Motion Pictures and Television Series in Eight Key International Territories

Cannes Follow-On Deals Closed Include Family Film "Ace of Hearts," Comedy "The Deal," Crime Drama Mini-Series "Guns" and Sports Drama "Goal 3"

TORONTO--(Marketwire - June 13, 2008) - Peace Arch® Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company, today announced that it has completed ten licensing agreements in eight key international territories on 17 motion pictures and television series. Most of these agreements were negotiations that began at the 2008 Cannes Film Festival and Market in Cannes, France (May 14-25), and include licensing agreements with distributors in Germany, China, Australia, Italy, CIS (former Soviet Republics including Russia), Brazil, Spain and Latin America.

New licensing agreements closed by Peace Arch include the romantic comedy "The Deal" (William H. Macy, Meg Ryan) to Eurovideo for Germany, and to Shanghai Starnet (Shanghai Lumieres Culture & Communication Co. Ltd.) for China; sports drama "Goal 3" (Kuno Becker) to Roadshow Films Pty Ltd. for Australia; and all rights to the crime drama mini-series "Guns" (Elisha Cuthbert, Colm Feore) closed with Paco Pictures for Italy.

Additional deals closed by Peace Arch include a package of seven films to Videoconcept for CIS comprised of thriller "Harm's Way" (Kathleen Quinlan), horror film "Bottom Feeder" (Tom Sizemore), magical drama "A Lobster Tale" (Colm Meaney, Graham Greene), dramas "Stranger Game" (Mimi Rogers), "Troubled Waters" (Jennifer Beals) and "Just Business" (Gina Gershon) and zombie horror film "The Mad" (Billy Zane).

New licensing deals were also closed on the drama "All The Good Ones Are Married" (Darryl Hannah), adventure-drama "Luna: Spirit of The Whale" (Jason Priestley, Graham Greene, Adam Beach), crime drama "The Last Hit Man" (Joe Mantegna), family drama "Ace of Hearts" (Dean Cain) and "A Lobster Tale" to GloboSat/Globo (Telecine Programacao de Filmes LTDA) for television rights in Brazil. Art Mood acquired television rights to "Ace of Hearts" for Spain; TOT Media acquired all rights to crime drama "Animal 2" (Ving Rhames) and horror-thriller "The Devil's Mercy" (Stephen Rea) for Spain; Roma Movie acquired television rights to "Ace of Hearts" and "Luna: Spirit of The Whale" for Italy; and WEtv acquired television rights to the non-fiction series "Bulging Brides" for Spain and Latin America.

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 is one of the leading independent theatrical and home entertainment distributors in North America, and 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.

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

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