I.O.U.S.A. Makes Oscar Shortlist For Best Documentary Feature

Timely film about the growing national debt among 15 considered for nomination

LOS ANGELES and NEW YORK, Nov. 19 /PRNewswire/ -- I.O.U.S.A., the critically
acclaimed film about the rapidly growing national debt and its consequences
for the United States economy, is on the short list for an Oscar nomination in
the Best Documentary Feature category. The film, directed by Sundance veteran
Patrick Creadon (Wordplay), is among the 15 documentary features that will now
advance in the voting process designating the final five nominees for next
year's Academy Awards.

I.O.U.S.A. has garnered rave reviews from critics since its premiere at the
Sundance Film Festival. Roger Ebert of The Chicago Sun-Times gave the film
three and a half stars and it has been dubbed An Inconvenient Truth for the
United States economy by the many in the press.

As anxious individuals face growing economic uncertainty, both domestically
and abroad, the film has been the focus of a unique groundswell of interest
and grassroots activity. Educators are bringing the film to their classrooms
as a vital teaching tool, while young Americans are using the film on college
campuses to raise awareness among their peers on fiscal issues crucial to
their futures.

Advocacy and watchdog groups, along with various community organizations
around the nation, have been hosting private screenings of I.O.U.S.A. for
members and local residents. (A full listing of scheduled screenings can be
found on the film's official website at www.IOUSATheMovie.com/events.)

A 30-minute version of I.O.U.S.A., which is now available for viewing on the
film's website (www.IOUSATheMovie.com), and on YouTube (www.YouTube.com), has
also been a vital tool for a growing number of citizens seeking to spread the
film's important messages.

Pointedly topical and consummately nonpartisan, I.O.U.S.A. paints a vivid and
alarming profile of America's current economic situation and drives home the
message that the time to begin addressing America's financial future is now.
The film follows former U.S. Comptroller General David M. Walker and Robert
Bixby of the Concord Coalition as they crisscross the country explaining
America's unsustainable fiscal policies to its citizens as part of the Fiscal
Wake-up Tour. The film also features candid interviews with noted experts
such as Warren Buffett, Alan Greenspan, Paul O'Neill, Robert Rubin, and Paul
Volcker, as well as with everyday citizens.

The record-setting August opening included an unprecedented town hall
featuring financial and policy experts such as Warren Buffett and Peter G.
Peterson Foundation's Chairman Pete Peterson and CEO Dave Walker, which was
beamed via satellite to over 350 movie theaters in 42 states across the
country.

The Academy Awards nominations will be announced on Thursday, January 22,
2009. The 81st Academy Awards for outstanding film achievements of 2008 will
be presented on Sunday, February 22, 2009.

About Roadside Attractions
Roadside Attractions is an independent film distribution company committed to
championing films that entertain, delight and enlighten audiences of all
kinds. The company works with filmmakers to devise innovative marketing
strategies that encourage audiences to see films that are not typical studio
fare. Previous theatrical releases include the Academy Award(R)-nominated
SUPER SIZE ME, Independent Spirit Award winner THE ROAD TO GUANTANAMO as well
as box office hits such as AMAZING GRACE, BELLA, THE FALL and WHAT THE BLEEP
DO WE KNOW?

About The Peter G. Peterson Foundation
Founded by the senior chairman of The Blackstone Group with a personal
commitment of at least $1 billion, the Foundation is dedicated to increasing
public awareness of the nature and urgency of key fiscal challenges
threatening America's future, and to accelerating action on them. To address
these challenges successfully, we work to bring Americans together to find
sensible, long-term solutions that transcend age, party lines and ideological
divides in order to achieve real results. The Foundation purchased the rights
to the documentary I.O.U.S.A. in July 2008.

SOURCE The Peter G. Peterson Foundation

Trey Ditto of Rubenstein Associates, +1-212-843-8063, tditto@rubenstein.com;
or Elizabeth Wilner, or Myra Sung, both of Peter G. Peterson Foundation,
+1-212-542-9200, press@pgpf.org