SANTA BARBARA, Calif., Jan. 3, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that it has completely funded and closed its acquisition of 20% of the feature film "All That I Need," with projected revenues of $6-12 million. "All That I Need," a reality movie in the genre of "Super Size Me" or "The Blair Witch Project," is produced by Hergott Productions, Executive Producer Tarquin Gotch ("Home Alone," "Curly Sue"). "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."
Principal photography on "All That I Need" has been completed, and Soleil's investment will complete editing on the film, which is scheduled to be completed in March 2005, in time for special screenings for distributors in the major film markets. 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."
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.