Peace Arch Expands Management Team With Appointment of Seasoned Television Distribution Executive-Craig Media's Former Vice President Programming, Michael Taylor.TORONTO -- Peace Arch The Peace Arch is a gateway-type monument situated on the Canada-United States border between the communities of Blaine, Washington and Surrey, British Columbia. The Peace Arch, standing 20.5 meters (67.2 ft. Entertainment Group Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :PAE PAE Physical Address Extension Pae Pseudomonas aeruginosa PAE Power-Added Efficiency PAE Programa de Aperfeiçoamento de Ensino (Brazil) PAE Port Access Entity (IEEE 802. )(AMEX AMEX See: American Stock Exchange :PAE) today announced the appointment of Michael Taylor, a 22-year television industry veteran, to the newly created post of President of Peace Arch Television, Ltd. Mr. Taylor will spearhead the Company's expansion into representation of third-party television productions to the television and home video distribution markets. The news of Mr. Taylor's appointment follows the Company's recent announcement of a new equity investment led by entertainment industry veterans Jeff Sagansky, Kerry McCluggage and Drew Craig. Mr. Craig served as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Craig Media, Mr. Taylor's former employer. In conjunction with the group's investment in Peace Arch, Mr. Craig was named Chairman of its Board of Directors. At Craig Media, Canada's largest privately held television broadcasting company until its 2004 sale to Chum Media, Mr. Taylor was responsible for sourcing and negotiating all television program supply agreements with major North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. broadcasters and suppliers, television programming and scheduling, and sub-licensing program rights to third-party broadcasters. Mr. Craig commented, "Having worked closely with Michael for several years and witnessed first-hand the professionalism he brought to his position at Craig Media, I am very pleased that he has agreed to join Peace Arch's senior management team and oversee the launch of our newest division, Peace Arch Television. Michael has been involved with some of the most successful and popular television programming throughout his career, and he has worked with and represented a diverse, who's who list of companies - from ABC Television Network to the William Morris Agency Founded in 1898, the William Morris Agency is the largest diversified talent and literary agency in the world, with offices in New York City, Beverly Hills, Nashville, Miami, London, and Shanghai. ." Prior to his tenure at Craig Media, Mr. Taylor was CEO at Unified Entertainment (2001-2003), a full-service television distribution and co-production company, CEO of Ewireless Canada Corporation (1999-2001), the Canadian division of a Chicago-based company that created a patented, abbreviated wireless dialing service, and President/COO at Telegenic tel·e·gen·ic adj. Having a physical appearance and exhibiting personal qualities that are deemed highly appealing to television viewers: "Do we insist on a telegenic President?" William F. Communications (1983-1999), a full-service television program, merchandise and licensing entertainment company. Peace Arch Entertainment CEO Gary Howsam stated, "With the recent investment by accomplished entertainment industry executives Drew Craig, Jeff Sagansky and Kerry McCluggage in our company, the additional liquidity provided by our new credit facility, and now our diversification into distribution of first-run television programming under Michael Taylor's leadership, we believe the pieces are coming into place for a very exciting future of growth and success at Peace Arch." In July 2005, Peace Arch announced a new US$2 million revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility with a private financier that will be used to bridge finance preproduction pre·pro·duc·tion adj. 1. Taking place or existing before production: preproduction planning. 2. costs across the Company's growing slate of feature film projects. In April, acclaimed film and television producer Fred Fuchs ("Godfather III," "Bram Stoker's Dracula") joined the Company as Executive Vice President, where he is responsible for all of Peace Arch's dramatic television programming and digital media activities and is helping to expand the Company's flourishing feature film production and sales divisions. Peace Arch also has an award-winning, Vancouver-based reality and documentary-focused television production division, The Eyes Production Development Corp. ("Love it or Lose It," "Animal Miracles"), headed by Blair Reekie. Peace Arch Entertainment Group Inc. (www.peacearch.com), one of Canada's foremost entertainment companies, creates, develops, produces and distributes proprietary feature film and television programming for worldwide markets. Peace Arch Entertainment Group Inc. and its subsidiaries have offices in Toronto, Vancouver, Los Angeles and London, England. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 the release. Peace Arch Entertainment Group Inc. (TSX:PAE) (AMEX:PAE) |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion