SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

September 14, 2010 08:30 ET

Seven Arts Inks Multi-Picture Distribution Deal With A Contracorriente Films

HOLLYWOOD, CA--(Marketwire - September 14, 2010) - Seven Arts Pictures PLC (NASDAQ: SAPX) announced today the completion of a deal with A Contracorriente Films ("Contracorriente"). Under the terms of the deal Contracorriente will distribute the motion pictures "Deal," "Knife Edge," "Pool Boys" and "Nine Miles Down."

"Deal" will be released in Spain in December 2010, "Knife Edge" in April 2011, "Pool Boys" in May 2011 and "Nine Miles Down" in June 2011. Talks continue between the parties concerning distribution of several other films from the Seven Arts catalogue. The Company expects to receive proceeds of close to EUR 400,000 from the deal.

Adolfo Blanco, Managing Director of Contracorriente, commented, "We're very proud and grateful for the trust Seven Arts is showing us with their pictures. Peter Hoffman is one of the most respected veterans in the industry and we hope to keep working with him and with the Seven Arts team for many years to come."

Peter Hoffman, CEO of Seven Arts, commented, "Seven Arts is delighted to announce the completion of this deal. Contracorriente has a very strong presence in Spain and we look forward to a productive partnership with them in the future."

About A Contracorriente Films:
A CONTRACORRIENTE FILMS was founded in May 2009 and is focused on the distribution of theatrical films, especially from Europe as well as all time classics.

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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