Revenues Up at Peace Arch

TORONTO, March 18: Peace
Arch Entertainment Group’s revenues for fiscal 2007 rose 191 percent on the
year-ago period to C$61.8 million, a record for the company.

During the period the
Canadian-based company delivered 12 feature films, 43 episodes of TV
programming and nine TV movies.

Despite the revenue gains,
Peace Arch’s net loss rose from C$4.6 million to C$5.7 million. Included in the
results for the year is a C$6.3 million write-down in programming in the motion
picture segment, attributable almost entirely to film projects produced or
developed by Peace Arch prior to fiscal 2005. Excluding this write down,
earnings from operations were C$3.5 million and earnings before income taxes
were C$1.6 million.

—By Mansha Daswani