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Seven Arts Announces a Successful European Film Market and the Completion of Principal Photography on "Schism"(February 27, 2012)
HOLLYWOOD, CA -- (Marketwire) -- 02/27/12 -- Seven Arts Entertainment Inc. (NASDAQ: SAPX) ("Seven Arts") announced today that it expects to close over $1,000,000 in sales with distributors such as Impuls Pictures in Switzerland and Pioneer Films in Taiwan at the European Film Market which took place in Berlin from the 9th to the 17th of February. The market saw the launch of sales on "Schism," which completed principal photography on February 7th in New Orleans.
Peter Hoffman, CEO of Seven Arts, commented, "We are pleased with the results at this year's European Film Market and look forward to an equally successful showing in Cannes later this spring."
About Seven Arts: Seven Arts Entertainment Inc. is the successor to Seven Arts Pictures Plc, which 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.
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