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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Empire Home Entertainment, the distribution division of Empire Film Group, Inc. (Other OTC:EFGU.PK - News) ("Empire Film") (http://www.empirefilmgroup.com), exceeded its first quarter DVD sales goal by 18%, led by retailer support for key new release titles and strong catalog business. The family-appeal films, “Come Away Home” and “The Hilarious Saints of Comedy,” were popular sellers, along with the original, made-for-DVD production, “Teen Yoga,” and the science fiction-horror titles “The Fun Park” and “Dawn of the Living Dead,” all of which performed at goal level or greater. "We’re encouraged by the retailer support for our DVDs, as well as the consumer response to these titles from both sell-thru and rental buyers,” said Eric Parkinson, CEO of Empire Home Entertainment. “We take pride in meeting and exceeding our goals, and feel confident that we’re on track for a solid 2008.” Empire Home Entertainment’s financial performance for the quarter ending March 30, 2008, will be incorporated into the quarterly filings of parent company, Empire Film Group, Inc., and reported per customary schedules. The Empire distribution division has slated ten new DVD titles and one new book release for the second quarter, but plans to focus much of the company’s attention over the next few months on long-lead marketing and publicity for the July 18 nationwide theatrical release of “Hounddog,” starring Dakota Fanning, Robin Wright-Penn and David Morse. The highest profile home entertainment release for the 2nd quarter is expected to be the new Barr McClellan book, “Made in the USA,” from the company’s Hannover House book publishing label. In other news, Empire Home Entertainment has begun the formal move-in this week to new sales offices, warehouse space and a production studio in Springdale, Arkansas. The new facilities include the “Empire Stage,” which will be available to all Empire Film Group divisions for film and television projects and special-effects shooting. Distribution CEO, Eric Parkinson, will also be featured this week on Money TV, a nationally distributed cable program, where he will be discussing the company’s growth, the upcoming theatrical release of “Hounddog” and the market opportunities for live-action 3D features, such as Empire’s “Shadow Vision.” About Empire Film Group, Inc. Empire Film Group, Inc. ("EFG") is a fully-integrated, independent film studio led by a management team with over 25 years of experience with feature films and television programming. Empire is also a full-service entertainment distributor, with successful releasing activities in the theatrical, DVD, television and international sales arenas as well as with book publishing and distributing. The company is involved in several high-profile film productions and owns or controls the distribution rights to more than 190 film, video and book properties. 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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