SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

May 18, 2011 16:08 ET

Seven Arts Pictures plc and GFM Films Announce "Neuromancer" Licensed at Cannes

HOLLYWOOD, CA--(Marketwire - May 18, 2011) - Seven Arts Pictures plc (NASDAQ: SAPX) ("Seven Arts" or the "Company") and GFM Films announced today that Neuromancer, written and directed by Vincenzo Natali and adapted from the William Gibson best-selling novel, has secured sales from distributors in the first three days of Cannes. Territories licensed include: South Korea and Thailand (Noori), Taiwan (SSG), China (HGC), Philippines, Indonesia, Malaysia, and India (PT Parkit), CIS (Luxor), Poland (Vision), and the Middle East (Phars).

"Response to this cult cyberspace thriller has been tremendous and the film ticks a lot of boxes with distributors. The film will be a Canadian-European co-production with principal photography occurring in Canada, Istanbul, Tokyo, and London. Work on the visual effects has already begun, with an anticipated start date in the first quarter of 2012," said Kate Hoffman, Chief Operating Officer of Seven Arts. GFM also reported advanced discussions in Germany, the UK, France, and the USA.

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. Persons are encouraged to read our Annual Report on Form 20-F for the fiscal year ended June 30, 2010, our subsequent Reports on Form 6-K, and our other documents filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.

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