SANTA BARBARA, Calif., June 14, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that its highly regarded feature film, "All That I Need" has received additional requests to present the film at two North American film festivals. In the wake of the publicity blitz the film enjoyed at the Cannes Film Festival, the St Louis International Film Festival, held November 10th through the 20th, and the Vancouver International Film Festival, held September 29th through October 14th, have both solicited the film for entry into their respective competitions. James Hergott, the film's producer commented, "It is very important that we continue to capitalize on the buzz we worked to create around the film at Cannes, in order to maximize exposure for our film to the press, the public, and domestic and foreign distributors. It is this sustained attention that will help us command top dollar for the film." Previous estimates for the film's worldwide gross box office receipts have ranged between $6 and $10 million.
Industry experts, such as David Rosen ('Off Hollywood' & 'The Making of Independent Films') concur with Hergott, suggesting that distributing an independent film depends on building positive "word-of-mouth recognition" and "relies heavily upon favorable festival performance, positive press attention and the right timing."
After the film's initial screening in Cannes, producers 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.
To date, 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 and Paramount Pictures, subsidiary of Viacom, Inc. have already have already screened the film. Warner Bros., subsidiary of Time Warner, Inc., Sony Pictures Classics, Lightning Entertainment, and SPG Home Video have requested private screenings.
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.