SANTA BARBARA, Calif., June 1, 2005 (PRIMEZONE) -- Soleil Film, Inc. (Pink Sheets:SFLM) announced today that the second screening of its acclaimed independent feature film, "All That I Need", held on May 20th at the Cannes Film Festival, was met with considerable media coverage and acquisition interest from film distributors worldwide. Cast members from the film attended the screening and were on hand to conduct interviews with the media, including industry mainstay, E! Entertainment Television.
After the screening, the film's Director/Producer, James Hergott, commented, "At events such as Cannes, it is truly a rare occurrence for film buyers to stay for the entire length of a feature. Typically, buyers stay for the first 5 to 10 minutes of a film and then leave." He added, "So many film buyers attended our second screening that the theatre was left with 'standing room only' and we were forced to turn many away at the door, and when the screening was finished the film was met with a roar of applause from the attendees." Ashley Luke, International Acquisitions Representative for Fortissimo Films, the international distributor of "Super Size Me," commented that the film was "awesome," "mainstream," and "commercial," and is currently recommending several international sales agents.
Buyers in attendance for the second screening represented distributors from the United States, the United Kingdom, Canada and Germany. Current offers from distributors within Germany and the United Kingdom are worth an estimated $350,000 to $700,000, while an offer for the North American market, in the form of a pay-per-view deal, is worth an estimated $1 million and are being considered.
Buyers who expressed interest but could not attend, such as Barnholtz Entertainment, in association with an output agreement for Lion's Gate Films, are interested in private screenings.
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, 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.