SANTA BARBARA, Calif., March 1, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that its completed feature film, "All That I Need," has been submitted to the Preselection Committee of the Cannes Film Festival for consideration for competition, and has been registered with the Cannes Film Market. Sales estimates of $6-12 million are projected for "All That I Need," a reality movie in the genre of "Super Size Me," which grossed over $28 million in theatrical release worldwide, and "The Blair Witch Project," which grossed over $140 million. This year's Cannes Film Festival will be held from May 11th through 21st. "All That I Need" will have its premiere showing during the Festival. "We are expecting the film will be well received," said Company President, Kenneth Eade. "Similar documentary films have done well in festival competitions this past year. For example, 'Super Size Me' won Best Picture at the 2004 Sundance Film Festival, and 'Fahrenheit 9/11,' which grossed over $109 million domestically, won last year's Palm D'Or at Cannes," he added.
"I am extremely excited about working with Soleil Film," said Director James Hergott. "This company has a tremendous insight into the industry as well and is very knowledgeable about what it takes to be on the leading edge of the future of content creation. Many bigger film companies were interested in my movie, but only Soleil had the hands on nurturing spirit that a young filmmaker looks for."
In addition to "All That I Need," Soleil Film, Inc. currently has in its library the feature films "Fallacy," now in post production, "Say it in Russian," now in pre-production, and the award winning television series, "Autograph," with annual sales estimates of $1 million by its Paris based distributors, Planet Group Entertainment.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Soleil Film, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.