SANTA BARBARA, Calif., May 2, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that it has increased its stake in the highly anticipated feature film, "All That I Need," by 75%, from its original 20% to 35%. "We are extremely pleased about the opportunity to acquire an increased equity share in the feature," commented CEO, Kenneth Eade, "and are even more pleased that major distributors have confirmed they will be attending the screening of the film at the Cannes Film Festival next month".
"All That I Need", a reality documentary movie in the spirit of "SuperSize Me," which grossed more than $28 million in theatrical release worldwide and "The Blair Witch Project", which grossed more than $140 million, is produced by Hergott Productions; Executive Producer, Tarquin Gotch ("Home Alone", "Curly Sue").
Newmarket Films ("The Passion of the Christ"), Fox, Roadside Attractions ("Super Size Me"), Avex Entertainment, and Think Film Co. are among the distributors who will be in attendance. Warner Bros., subsidiary of Time Warner, Inc., Paramount Pictures, subsidiary of Viacom, Inc., Sony Pictures Classics, Lightning Entertainment, and SPG Home Video are among those who have requested a pre-screening.
About Soleil Film, Inc.
Soleil Films is a diversified entertainment production company, primarily focused on driving shareholder value by investing in and producing highly original, television series and full-length feature films. Along with its equity interest in the widely anticipated feature "All That I Need", the Company has amassed an impressive media library including the award winning "Autograph" television series (www.autograph.tv), "Fallacy", a feature film starring John Savage and Stephen Baldwin, and "Say it In Russian", written by award winning director, Jeff Celentano ("Gunshy") in collaboration with Hollywood screenwriter, Larry Gross ("48 Hours"), edited by David Rawlins ("Urban Cowboy"), and cast by Casting Director, Rosemary Welden ("The Kiss").
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.