SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

February 18, 2009 11:32 ET

Seven Arts Pictures First Half 2009 Revenue up 312% and Profit After Tax Increased 411% for the 6-Month Period Ending December 31st, 2008

HOLLYWOOD, CA--(Marketwire - February 18, 2009) - Seven Arts Pictures plc (NASDAQ: SAPX) announced today unaudited financial highlights for the 6 months ended 31 December 2008. Financial highlights include:

--  Revenue up 312% to $5,846,163 vs. 2007 revenue of $1,876,488
--  Profit After Tax increased by 411% to $1,495,892 vs. 2007 profit of
--  Primary EPS up 356% to 28.75 cents vs. 2007 basic EPS of 8.10 cents

Operational highlights include:

--  2 films delivered during the reporting period compared to none in the
    first six months of 2007 and 2008.
--  US video release of "Noise and Deal"

Other highlights:

--  Seven Arts common stock commenced trading on The NASDAQ Capital
    Market® in February of 2009.

Peter Hoffman, Chief Executive, commented: "We are delighted with the improvements compared to last year, and we anticipate further progress in the second half."

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.

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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