SOURCE: Seven Arts Pictures plc

Seven Arts Pictures plc

June 01, 2011 10:00 ET

Seven Arts Pictures PLC Announces Compliance With NASDAQ Bid Price Requirements

HOLLYWOOD, CA--(Marketwire - Jun 1, 2011) - Seven Arts Pictures plc (NASDAQ: SAPX) (NASDAQ: SAPXD) ("Seven Arts" or the "Company") announced today that it has received a letter from NASDAQ dated May 26, 2011 advising the Company that the bid price deficiency of the Company's ordinary shares on NASDAQ is now in compliance with all applicable listing standards. The Company stock symbol on NASDAQ has temporarily changed to SAPXD which will remain in effect until further notice.

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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