CANNES, France, May 20, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that in the tradition of Cannes Flim Festival post-screening publicity initiatives, it has initiated its own publicity blitz to drive more buyers to the second screening of the film to be held on Friday, May 20th. Pursuant to this media blitz, the Company, together with James Hergott, the producer of "All That I Need", have received initial offers from distributors within Germany and the United Kingdom worth an estimated $350,000 to $700,000, as well as an initial offer for the North American market, in the form of a pay-per-view deal, worth an estimated $1 million. Previous total estimates for the film's worldwide gross box office receipts range between $6 and $10 million. Soleil Film CEO, Kenneth Eade, remarked, "While it is important not to get overly excited about initial offers for foreign distribution until the film has been fully marketed, we are pleased with the initial interest levels and anticipate more of the same after the second screening."
Mr. Hergott commented, "In the midst of all this buzz, Roger Ebert, the famous film critic, has requested a copy of the film to review for the Chicago Sun Times, while the distributors we have spoken to feel that the film is well targeted to 16 to 30 year old demographic." Agreeing with Mr. Eade, Hergott continued, "However, we don't intend to accept any offers until after we receive feedback from domestic distributors after to the May 20th screening."
Miramax Pictures, subsidiary of The Walt Disney Company, IFC Films, subsidiary of Cablevision Systems, Newmarket Films ("The Passion of the Christ"), Fox, subsidiary of News Corp., Roadside Attractions ("Super Size Me"), Avex Entertainment, and Think Film Co. are among the distributors who are expected at the May 20th screening. Warner Bros., subsidiary of Time Warner, Inc., Sony Pictures Classics, Lightning Entertainment, and SPG Home Video are among those who have requested a pre-screening, while Paramount Pictures, subsidiary of Viacom, Inc. has already pre-screened the film and has issued a positive response.
About Soleil Film, Inc.
Soleil Film, Inc. (www.soleilfilm.com) 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, soon-to-be-release 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.