SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

January 10, 2011 15:23 ET

Seven Arts Appoints New Board Member

HOLLYWOOD, CA--(Marketwire - January 10, 2011) - Seven Arts Pictures plc (NASDAQ: SAPX) announced the appointment of Simon Clement-Davies as an independent board director and Chairman of the Audit Committee of the Seven Arts Board of Directors.

Mr. Clement-Davies is Oxford educated and has a strong banking and media background. He started his career in mergers and acquisitions, working in this arena for over a decade, first for Hill Samuel & Co Limited and then for Henry Ansbacher & Co Limited. Mr. Clement-Davies was then appointed a Vice President at Bankers Trust (Deutsche Bank), where he ran the media group in London for five years, numbering many of Europe's largest media companies amongst his clients. Since 1998 Mr. Clement-Davies has pursued an independent career as a producer and a distributor. He has been involved in the release of over 30 feature films, including several Oscar winners ('Gods & Monsters,' 'The Last Days'), and produced the first series of full-length concerts in Hi Definition, broadcast on Virgin One. Mr. Clement-Davies is also a Senior Advisor to the boutique merchant bank Augusta & Co. 

Peter Hoffman, CEO of Seven Arts, commented, "We are pleased to welcome Simon to the Seven Arts team. Simon's media and finance expertise should prove invaluable to us as we continue to build our company."

Simon Clement Davies commented, "I am delighted to have the opportunity to join the Board of Seven Arts, a company with a reputation for innovation in both the financial and creative spheres. I look forward to working with Peter, Kate and their team to build a powerful independent film business."

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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