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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) recorded record profits for the calendar quarter ending March 31, 2008, bolstered by retailer support of new release DVDs and ongoing catalog sales. The newly acquired distribution company posted gross sales of $848,807, with an operating margin of $343,309 and pre-tax profits of $226,498. Top selling items included the sci-fi thriller, “Fun Park,” the made-for-video exercise program, “Teen Yoga,” and the popular selling book, “Blood, Money & Power: How LBJ Killed JFK.” Empire Home Entertainment is the principal operating name for Truman Press, Inc. and Hannover House, which were acquired by Empire Film Group, effective as of Jan. 1, 2008. We’re pleased to see immediate revenues and profits from this strategic, corporate acquisition,” said Dean Hamilton-Bornstein, CEO of Empire Film Group, Inc. “The Empire – Hannover House distribution division is well positioned to achieve even stronger results in the coming months, based on our slate of new titles and upcoming theatrical features.” Empire Home Entertainment’s line-up of new releases for the second quarter is led by the highly anticipated new book, “Made In The USA,” by author Barr McClellan, shipping in June for a July on-sale date. McClellan’s previous book, “Blood, Money & Power: How LBJ Killed JFK,” sold over 100,000 copies and continues to be a top catalog item for the Hannover House book label. McClellan’s new book is expected to surpass these numbers based on retailer support, advance orders and interest from major media outlets. “Made In The USA” is an in-depth analysis of how the outsourcing of manufacturing jobs overseas has undermined the U.S. economy and fueled the current economic downturn. McClellan hopes to eliminate tax incentives that encourage U.S. corporations to ship jobs overseas, as well as initiating a movement to encourage consumer interest in buying U.S. made goods. In July, Empire will launch a national theatrical release of “Hounddog,” a coming-of-age drama starring Dakota Fanning and Robin Wright-Penn. The company will have four additional theatrical releases in 2008, along with five additional books titles and twenty more direct-to-DVD releases. High-profile, new productions from Empire Film Group will begin funneling into the Empire Home Entertainment distribution slate in 2009, and should quickly elevate the company to prominent status within the independent film studio arena. “As the market for quality, independent films has evolved and matured, Empire Home Entertainment has addressed these challenges and opportunities by significantly upgrading the quality and visibility of our theatrical, DVD and book releases,” said Eric Parkinson, CEO of Empire Home Entertainment. “Our successful positioning and strategy will be evident in the company’s continuing success in generating record sales and profits with each coming year.” 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 in the motion picture and television industries. Through its acquisition of Truman Press, Inc., d/b/a “Hannover House,” Empire is now a full service entertainment distributor, with activities in the theatrical, television, international, home video and book publishing markets. Empire is vertically-integrated as a motion picture and television production company, owning much of its own equipment, and operating its own stage. The company has also commenced production activities on a slate of new release features, many involving off-balance sheet production financing and co-production ventures, enabling Empire to maximize returns and limit at-risk capital. Learn more about Empire Film Group by visiting www.empirefilmgroup.com.
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