SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

March 29, 2011 17:09 ET

Seven Arts Appoints New Board Member and President

HOLLYWOOD, CA--(Marketwire - March 29, 2011) - Seven Arts Pictures plc (NASDAQ: SAPX) ("Seven Arts") announced the appointment of Erika Smith as an executive board director and President of Seven Arts Entertainment Inc. Seven Arts accepted today the resignation of Michael Garstin, its president, chief financial officer and a board member. Ms. Elaine New, a director of Seven Arts, will become chief financial officer.

After a career in the international export world of food and textile commodities, Ms. Smith developed a portfolio of more than thirty real estate properties in the Boston metropolitan area. During the same period, Ms. Smith advanced her knowledge of computer technology with advanced computer specialists at Compaq's Research and Development Lab and MIT. In 2005, Ms. Smith returned to California to become Senior Executive Manager for Citizens National Mortgage Corporation, specializing in finance and credit analysis.

While working with the military community in San Diego County, Ms. Smith, in conjunction with Lead Resources American, EZ Learning and Brookshire International Academy, began the first nationally accredited "online school" to offer courses from 6th grade to postgraduate college degrees.

About Seven Arts:
Seven Arts Pictures PLC 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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