Peace Arch Entertainment (AMEX PAE)

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We are pleased to introduce to you Peace Arch Entertainment Group Inc. (AMEX:PAE), a fast growing independent film and television company working with some of the biggest names in Hollywood.

We began our efforts to prepare our usual comprehensive StockUpTicks profile over the weekend but have just been notified that the company has breaking news.  So, in an unusual cart-before-the-horse move, we are publishing this breaking news for our readers RIGHT NOW. We believe you’ll want to read this BEFORE the market opens in the morning. As most investors won’t be watching for news after market, you have in a sense, a head start on the masses.

We also know after watching the successes that our featured companies TNGL, DYOUF, CVBT and CCBEF have had of late that it’s better to get our dear readers what we can as soon as we can.  

So, with this in mind, please take a moment to read the breaking news on Peace Arch below and stay tuned for a full no-hype StockUpTicks profile very, very soon.

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Today's *Breaking* News from Peace Arch

Press Release 
Source: Peace Arch Entertainment Group Inc.
Monday May 15, 4:01 pm ET

TORONTO--(MARKET WIRE)--May 15, 2006 -- Peace Arch Entertainment Group Inc. (AMEX:PAE - News) (TSX:PAE-LV.TO - News), one of North America's fastest growing independent entertainment companies, is pleased to announce that it will market its largest-ever slate of feature film projects at this year's Cannes International Film Festival and Feature Market, which runs May 17-28.

The Company's slate of 11 new feature films to be marketed at Cannes for international distribution reflects the rapid growth of Peace Arch's film pipeline since the beginning of the Company's fiscal year on September 1, 2005. A key component of Peace Arch's strategic business goals is the production and acquisition of new film properties for both its Peace Arch Films label and its fast-growing, recently established Archetype Films banner.

The slate includes four new titles currently in production to be sold under the Peace Arch Films label. The Company will also market an additional seven new titles through its Archetype Films division, which focuses on films in the horror, thriller, action and sci-fi genres. All of the films will be offered to distributors in the U.S. and throughout the world along with other films already in the Peace Arch catalogue.

The Peace Arch strategic development plan calls for the production or acquisition of 4 to 6 films per year intended for theatrical release and sold under the Peace Arch Films label. The Company's Archetype Film division is on track to reach its goal of releasing 10 to 12 horror and other genre titles per year, which are intended primarily for worldwide DVD and television markets. Peace Arch recently announced a multi-picture U.S. DVD distribution agreement for its Archetype projects with Genius Products Inc., one of the leading independent home entertainment distributors in North America. Much of the Archetype slate has already been licensed to major distributors in Canada, Spain, the United Kingdom, Germany and numerous other territories.

"During the last two quarters Peace Arch has been very successful in aggressively expanding both our film production slate and our sales and marketing infrastructure," said John Flock, President of Peace Arch Entertainment. "We've added highly regarded industry veterans like former HBO Films international sales chief Penny Wolf and former Paramount Television international sales head Gary Marenzi to our team; we acquired KaBOOM! Entertainment, one of the best DVD distribution companies in Canada; and we recently entered into an agreement to acquire the 500-title Castle Hill/Dream film library and bring on board Dream's Mark Balsam, one of the most knowledgeable executives in the U.S. distribution market. We've also added top-notch staff in the supporting roles while at the same time filling the distribution pipeline with eleven exciting new films to be marketed at Cannes next week. We believe our investment in product and infrastructure over the past few quarters has given Peace Arch a strong portfolio of projects to sell and a great team to sell them as we enter this new season of sales for the North American and international film marketplace."

Among Peace Arch's latest film acquisitions is the feature "In Tranzit," starring John Malkovich ("Being John Malkovich"), Thomas Kretchmann ("King Kong") and Vera Farmiga ("The Manchurian Candidate") in a gripping drama set in a World War II Soviet prison camp and "How to Change in Nine Weeks" a compelling true story about the perils of teenage life. Other new and recent titles in the Peace Arch slate include:

* "Chapter 27" (Lindsay Lohan, Jared Leto)
* "Delirious" (Steve Buscemi, Michael Pitt)
* "Guantanamero" (Rupert Evans, Sir Derek Jacobi)
* "Shadows in the Sun" (Harvey Keitel, Joshua Jackson)
* "The Confessor" (Christian Slater, Molly Parker)

The Archetype Films titles being presented include:

* "The Last Sect" (David Carradine)
* "5ive Girls" (Ron Perlman)
* "Warriors of Terra" (Edward Furlong)
* "Heartstopper" (Robert Englund)
* "Ultimate Killing Machine" (Michael Madsen)
* "Troubled Waters" (Jennifer Beals)
* "The Veteran" (Ally Sheedy)
* "The Stranger Game" (Mimi Rogers)
* "The Keeper" (Dennis Hopper")
* "Hollywood Flies" (Brad Renfro)

To view an online presentation of the Company's Cannes 2006 Market Letter, please visit http://www.trilogy-capital.com/tcp/peace-arch/cannes.html.

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature film and television programs for distribution to worldwide markets. Its Peace Arch Films division markets and licenses theatrical films oriented towards the major international film festivals such as Cannes, Venice and Toronto. The Company's Archetype Film label focuses on projects in the horror, thriller and action genres. Peace Arch Television specializes in the licensing of the Company's own productions and third party projects to Canadian and international broadcasters, cable and satellite companies. Peace Arch Home Entertainment, under the KaBOOM! Entertainment, Inc. banner, is one of the leading distributors of DVDs and related products in Canada. Peace Arch recently entered into an agreement with Castle Hill Productions and Dream LLC to acquire their library of more than 500 classic, contemporary and genre films, which is expected to supplement Peace Arch's own annual output of more than two dozen new feature films and long form television programs.

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. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Distributed by Filing Services Canada and retransmitted by Market Wire

Distributed by Filing Services Canada and retransmitted by Market Wire

     Contacts:
      
     Peace Arch Entertainment Group Inc.
     Nicole Spracklin
     416-487-0377 ext. 237
     Email Contact
      
     Trilogy Capital Partners
     Paul Karon
     Toll-free: 800-592-6067
     Email Contact
      
Source: Peace Arch Entertainment Group Inc.
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About Peace Arch Entertainment (AMEX PAE)

Peace Arch Entertainment Group, Inc. (AMEX: PAE) creates, acquires and distributes feature film, television and specialty programming throughout the world both directly and via third party licensees.

Peace Arch has four operating divisions – film, television, home entertainment and international sales – with offices in Toronto, Los Angeles, London and Vancouver.

The company’s film division produces three to six films per year for international theatrical distribution and an additional six to twelve DVD or pay television premieres annually.

Peace Arch’s television division produces MOWs, mini-series, lifestyle series and documentaries that it licenses to broadcasters and pay television networks throughout the world.

Through its home entertainment subsidiary, kaBOOM! Entertainment, Peace Arch distributes DVDs and related products to every major retail and rental outlet in Canada, representing such brands as Lions Gate Films, Nelvana and Sesame Workshop.

Peace Arch’s international sales division licenses the company’s own feature film projects as well as third party productions to many of the world’s leading distributors.  The company’s Peace Arch Films label handles theatrical productions and its Archetype Films banner focuses on DVD and pay television premieres in the horror, thriller and action genres. 

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