John Flock Promoted to Chief Executive Officer of Peace Arch Entertainment Group Inc.
14 Julho 2009 - 1:00PM
Business Wire
Peace Arch� Entertainment Group Inc. (AMEX:PAE - News) (Toronto:
PAE.TO � News), a leading independent film and television company,
today announced the promotion of John Flock from President and
Chief Operating Officer to Chief Executive Officer, effective
immediately.
�I am extremely pleased to be taking the reins of Peace Arch at
a time when many of our competitors have scaled back their
operations,� commented Flock. �This retrenchment presents an
extraordinary opportunity for Peace Arch to grow its core business
of feature film and television distribution while we continue to
look for strategic growth opportunities in ancillary
businesses.�
Peace Arch Chairman Robert Essery said: �We are very happy to
welcome John as the CEO of Peace Arch Entertainment. John has
exhibited tremendous leadership and vision over the past five years
at Peace Arch dealing with a number of challenges for the company.
John enjoys the complete support of the board, our principal
shareholders and the management team.�
Flock outlined a four-point plan designed to make Peace Arch the
leading independent film and television company in North America
within the next five years:
--Expand the company�s theatrical releasing operations in Canada
and the United States.
--Continue growing Peace Arch�s in-house television, digital and
international distribution divisions.
--Rebuild the company�s DVD distribution operations on a scale
that reflects the changing market conditions for independent films
and television programs.
--Use the company�s Canadian status, proven production
capabilities and first class studio facilities to provide high
quality, lower cost television programming to North American and
international broadcasters.
About Peace Arch Entertainment Group Inc.
Peace Arch Entertainment produces and distributes independent
feature films and television programming. The Company�s award
winning drama �The Tudors� airs on Showtime in the United States
and the CBC in Canada, and its lifestyle series �Last 10 Pounds
Boot Camp� and �Bulging Brides� both air on The Fine Living Network
in the U.S. and Slice in Canada. Peace Arch�s recent feature film
releases include �The Mysteries of Pittsburgh� starring Jon Foster,
Peter Sarsgaard, Sienna Miller, Mena Suvari and Nick Nolte and
�JCVD� starring Jean Claude Van Damme. For further information,
please visit www.peacearch.com.
Forward-Looking Statements
This press release includes statements that may constitute
forward-looking statements, usually containing the words "believe,"
"estimate," "project," "expect," or similar expressions. These
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the forward-looking
statements. These risks include, but are not limited to, that the
synergies and financial impact of the joint venture may not be
realized, the competitive position of the joint venture may not be
maintained, Peace Arch may not realize the anticipated benefits of
the joint venture and other risks detailed on Peace Arch�s periodic
report filings with the Securities and Exchange Commission. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. By making these
forward-looking statements, Peace Arch undertakes no obligation to
update these statements for revisions or changes after the date of
this release.
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