SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

September 10, 2009 08:30 ET

Seven Arts Announces Production and Distribution Agreement With UK Investors

HOLLYWOOD, CA--(Marketwire - September 10, 2009) - Seven Arts Pictures plc (the Company) (NASDAQ: SAPX) announced today that it has entered into an agreement with Equicap Filmco One Limited and Equicap Filmco Two Limited, two UK-based film corporations, to raise capital for investment into the production and distribution costs of certain existing and future motion picture productions and acquisitions (the "Transaction"). The Company closed the first tranche of this investment on Wednesday, August 26, 2009 and expects to close the balance of the investment before September 30, 2009. The Company expects to record net revenues of $1.6 million from the Transaction.

About Seven Arts

Seven Arts Pictures plc ("SAP," "7 Arts" or the "Company") was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.

Cautionary Information Regarding Forward-Looking Statements:

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.

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