Devine Entertainment Announces Foreign Broadcast Sale of Its Award-Winning Children's...
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Devine Entertainment Announces Foreign Broadcast Sale of Its Award-Winning Children's Film Library Titles to Duna TV Network in Hungary Broadcast Agreement Comes as Devine Expands International Distribution Initiatives through Carrere Group of France TORONTO--(Business Wire)--Devine Entertainment Corporation (OTCBB:DVNNF), seeking to capitalize on the burgeoning global demand for high quality film and television content, has announced a new broadcast agreement with Duna TV, Hungary's top public broadcaster. The sale is the first foreign broadcast agreement to be finalized by Devine's international distribution partner Carrere Group of France. The sale includes 19 of Devine Entertainment's critically acclaimed children's films and franchise titles, including Beethoven Lives Upstairs, The Composers Specials, The Inventors' Specials and The Artists' Specials. The agreement with the Duna TV network is the first sale to result from Carrere Group's initiatives at the most recent MIPCOM television market in Cannes, France. Devine has previously announced strategic initiatives to capitalize on its proprietary library of film and television content and franchise titles through sales to territories worldwide. "This is the first sale announced from Axel Carrere of the Carrere Group of Paris following his introduction of our filmed products at the recent MIPCOM sales convention in Cannes, France," said David Devine, President and Chief Executive Officer of Devine Entertainment. "Based on our knowledge of Axel and his sales team, we are anticipating more sales in foreign territories in the near and midterm time frame." Carrere Group - one of the world's leading international distributors of television and film - is distributing Devine's award-winning 18-film library of historical family films, including its new prime-time series "Across the River to Motor City" throughout French-speaking territories, including France, Belgium, Monaco and others. Other Devine titles Carrere is marketing include the Company's acclaimed franchises The Artists' Specials, The Inventors' Specials and The Composers' Specials. About Devine Entertainment Devine Entertainment Corporation develops, creates, and produces award-winning television programming and feature films for worldwide distribution across multiple TV broadcast networks, cable and satellite networks, DVD and Internet markets. Specializing in cultural and educational programming as well as prime-time drama and comedy entertainment programming, the Company's titles have garnered more than 120 international film and television industry awards, including five Emmy and five Gemini Awards. The Company partners with leading international distributors, broadcasters and co-producers, such as Sony BMG, Rogers Media and The Carrere Group of France, to produce and distribute its award-winning film and television titles. Among Devine's critically acclaimed productions are its cultural and educational film series on history's landmark Composers, Inventors and Artists, which have been broadcast in more than 50 countries. The Company continues to expand its proprietary library of high-quality film and television content. Among its general-audience primetime programming is the acclaimed one-hour mystery series, "Across the River to Motor City," delivered to broadcasters worldwide in 2007. Headquartered in Toronto, the Company's common shares trade on the NASD OTCBB market in the U.S. under the symbol DVNNF, and on the Frankfurt Stock Exchange under the ticker 3TD. The Company's corporate website is www.devine-ent.com. Investor-specific information and resources: http://www.trilogy-capital.com/tcp/devine. View current stock quotes and news: http://www.trilogy-capital.com/tcp/devine/quote.html. Investor Fact Sheet: http://www.trilogy-capital.com/tcp/devine/factsheet.html. Forward-Looking Statements 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. Devine Entertainment Corporation Arnold Tenney, Richard Mozer 416-364-2282 Toll-free: 877-338-4633 atenney@devine-ent.com or Trilogy Capital Partners Financial Communications: Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com Copyright Business Wire 2008
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