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BEVERLY HILLS, CA--(MARKET WIRE)--Feb 25, 2008 -- Empire Film Group, Inc. (Other OTC:EFGU.PK - News) ("Empire Film") (http://www.empirefilmgroup.com) has commenced construction and custom build-out in Springdale, Arkansas of an 8,500-square-foot, multi-use facility to be utilized by Empire Home Entertainment and Hannover House, the company's film, DVD and book distribution divisions. The new offices include a full production stage, suites for high-definition video production, a screening room, sales and marketing offices and a pick-and-pack warehouse facility. "This will be the first time that all our key departments will be consolidated under the same roof," said Eric Parkinson, CEO of Empire Home Entertainment. "Additionally, this new building will allow for a significant expansion of our in-house production capabilities for motion picture and video projects. The creation of this Empire Home Entertainment headquarters will improve our efficiencies, expand our capabilities, and save the company tens-of-thousands of dollars off current lease costs that have previously been spread over five separate locations." The facility includes the new Empire Stage, a 3,200-square-foot production center for film and video shoots, including the largest visual effects green-screen facility in the Midwest. The Empire Stage has been outfitted with lighting and support equipment, and will house the company's video production gear and Arriflex 35mm motion picture camera packages. The new facilities will feature video post-production suites to enable Empire the in-house capability of full broadcast production and DVD authoring, including high-definition Blu-Ray format mastering. The new Empire Home Entertainment Headquarters and Empire Stage are located at 1428 Chester St., in Springdale, Arkansas, and will be opened on Monday, March 31, 2008. "We're pleased to locate this facility in Northwest Arkansas," said Dean Hamilton-Bornstein, CEO of parent company, Empire Film Group, Inc. "This location enables Eric and his team to better service Wal-Mart Stores, Inc., our largest retail customer, and gives the company a geographic advantage in accessing film production incentives available within the surrounding, five-state area. The quality of life is great there, the talent and labor pool is superb and the cost-of-living is among the nation's lowest. The Northwest Arkansas Regional Airport also has direct flights to New York, Los Angeles, and more than a dozen other cities, putting the Empire Stage and offices within a few hours flight time of most of the country." About Empire Film Group, Inc. Empire Film Group, Inc. ("EFG") is a new independent film finance, production, and distribution company led by a management team with over 25 years of experience. Through its acquisition of Truman Press, Inc., d/b/a "Hannover House," Empire is also a fully integrated film, DVD and book distributor, with sales relationships for placement of products into all major USA retail chains. Learn more about Empire Film Group by visiting www.empirefilmgroup.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
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