SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

August 13, 2009 09:00 ET

Seven Arts Appoints New Chief Financial Officer

HOLLYWOOD, CA--(Marketwire - August 13, 2009) - Seven Arts Pictures plc (NASDAQ: SAPX) announced the appointment of David J.W. Bailey as new Chief Financial Officer. David replaces Elaine New, who resigned as the Company's CFO on July 31, 2009 for personal reasons.

David has extensive media experience; most recently as CEO of Short Fuze Limited, the developer of Moviestorm digital movie production software, and prior to Short Fuze, he was CEO of Maxillia Consultants providing consulting services to a range of media companies. He is an expert in both US and UK GAAP.

Peter Hoffman, CEO of Seven Arts, commented, "We are delighted to have David as part of the Seven Arts team; he will be an energizing addition to the company and his broad experience in entertainment and strength in corporate finance will help Seven Arts as we move into 2010. Also, on behalf of all our employees and shareholders, I want to express our sincerest thanks to Elaine New for many great years of service at Seven Arts and for working with David to effect a smooth transition."

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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