Soleil Film's ``All That I Need'' to be Theatrically Released this November in Regal Cinemas, United Artists Theatres and Edward
July 20 2005 - 9:00AM
Business Wire
Soleil Film, Inc. (Pink Sheets: SFLM) announced today that its
feature film, "All That I Need," is being released nationwide on
multiple screens by Regal Entertainment Group (NYSE: RGC) through
its Regal Cinemas, United Artists Theatres and Edwards Theaters
chains on November 4, 2005. Soleil Film expects to begin receiving
its share of revenues as early as the second week of December. The
deal, estimated to be worth approximately $3 million in gross sales
over the initial one week release period, is unique, because it has
been contracted directly with Regal Entertainment Group. James
Hergott, Producer and Director of the film, commented, "Theatrical
releases are generally negotiated by distributors. An agreement
like this completely not only defies convention but also validates
our efforts in the making and marketing of the film." Regal
Entertainment Group is the largest motion picture exhibitor in the
world. The Company's theatre circuit, comprising Regal Cinemas,
United Artists Theatres and Edwards Theatres, operates 6,273
screens in 558 locations in 40 states. Regal operates approximately
18% of all indoor screens in the United States including theatres
in 43 of the top 50 U.S. markets and growing suburban markets. "All
That I Need," a Cinema Verite feature in the genre of "The Blair
Witch Project," will be released in theaters in Alabama, Arizona,
Nevada, California, Florida, New York and Texas from November 4,
2005 through November 10, 2005. If this release is successful, the
company has an option for a further wider release with Regal. The
company has already begun a media blitz, with an upcoming cover
story on Hergott and the film in OC Metro, a magazine with a
readership of 300,000 in Orange County, California. "I am ecstatic
that James has pulled this off," said Kenneth Eade, company
president. "A theatrical release...even a limited one...adds
tremendous value to a film." He added, "This is a landmark deal for
the company and as such we have committed over $1 million in
prepaid radio, television and print advertising to promote this
release. We also look forward to using this project to develop an
ongoing relationship with Regal Entertainment for our other film
projects in the future." About Soleil Film, Inc. Soleil Film 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), which just this
week began airing on the Colours Television Network, "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. x
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