Devine Entertainment Announces New Distribution Initiatives; New Broadcasts on France 5 - Bailey's Billion$ wins Dove Award and is released on DVD across North America
TORONTO, Ontario--May 4, 2006--Devine Entertainment Corporation (CUB:DVNN, NASD OTC PK:DVNNF) today announced an update on new distribution activities related to second quarter 2006 sales of its acclaimed film library. In April, new broadcasts of five of the Company's library of award-winning children's historical dramas started airing on the noted French Broadcaster France 5 and Bailey's Billion$, the Company's first feature film, was released on DVD across North America by Echo Bridge Entertainment in the U.S. and Odeon Films in Canada. In addition the Company is pleased to announce that Bailey's Billion$ was awarded the prestigious Dove Seal of Approval from the Dove Foundation for portraying and encouraging positive values for the family audience.David Devine, president and C.E.O., noted: "We are very pleased to be moving forward with new sales to France 5, the premier French broadcaster and look forward to working with them. They have committed to our new series focusing on landmark authors, The Writers' Specials as a Canada-France co-production. In addition, receiving our second Dove Foundation Seal of Approval for our feature film Bailey's Billion$ will assist us in the North American DVD marketplace." Management noted that the initial DVD shipment of Bailey's Billion$ by Odeon Films and Echo Bridge exceeds $2,000,000 (all figures in Canadian dollars) at retail. The Writers' Specials is the next series in the Company's library of Emmy award-winning programs that includes Beethoven Lives Upstairs, The Composers' Specials, The Inventors' Specials and The Artists' Specials. The Writers' Specials is budgeted at $7.3 million and is slated to begin principal photography in the next 12 months.
The Dove Foundation is a non-profit organization that acts as an advocate for family values in entertainment. For over 13 years, The Dove Foundation has promoted the creation, production, distribution and consumption of wholesome entertainment. Its Seal of Approval is well recognized throughout North America and enhances a product's appeal within the family entertainment marketplace.
Echo Bridge Entertainment, LLC is an independent sales and distribution company, which acquires filmed product for distribution in theatrical, television, cable, satellite and home video markets in the United States and throughout the world. Its four managing partners are Michael Alexander, Doug Hamilton, Michael Rosenblatt, and Lucie Salhany - all veteran entertainment industry executives.
Odeon Films is a division of Motion Picture Distribution LP, the largest distributor of motion pictures in Canada, with a growing presence in motion picture distribution in the United Kingdom and Spain, and a 24-screen chain of upscale cinemas in Canada in partnership with Famous Players, a subsidiary of Viacom Inc. The Company distributes filmed entertainment to theatres, on video and DVD, and to television broadcasters. Unitholders of Movie Distribution Income Fund hold a minority interest in Motion Picture Distribution LP. * "Alliance Atlantis" with the stylized "A" design is licensed from Alliance Atlantis Communications Inc., an indirect limited partner of Motion Picture Distribution LP, not a general partner.
Five-time Emmy Award-winning Devine Entertainment Corporation develops, produces and distributes children's and family entertainment for the theatrical motion picture, television and Video/DVD marketplace worldwide. Their film series on landmark Composers', Inventors' and Artists' are critically acclaimed and broadcast in over 50 countries. The Company recently completed its first feature film for theatrical release, Bailey's Billion$, which was released in North America on August 5, 2005 and is currently being distributed worldwide. Headquartered in Toronto, the Company's common shares trade under the symbol DVNN on the Canadian Unlisted Board (CUB) and on the NASD OTC PK market in the U.S. under the symbol DVNNF. The Company's corporate website is www.devine-ent.com .
This press release may contain forward-looking statements relating to the future performance of Devine Entertainment Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the market acceptance of the Company's products and services; competition within the film and entertainment industry and the introduction of new entrants and/or products in the Company's markets; adverse changes in governmental regulations and policies affecting the film and entertainment industry; product development risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive. Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on information available to it on the date such forward-looking statements are made, no assurances can be given as to future results, levels of activity and achievements. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.