Intandem successfully acquires shareholding in Radical Publishing [ 23/07/2007 ]

LONDON – 23 July 2007; Intandem Films PLC, (the “Company” or “Intandem”), the AIM-listed, international film Company today announces that it has made a 5 per cent investment in the issued share capital of Radical Publishing Inc., the US comic book and graphic novel company, and has been appointed as international sales agent and executive producer for both Radical Publishing Inc and its sister movie production business Blatant Pictures.

Radical was formed in late 2006, has nominal net assets and has not yet reported a profit however, the directors believe that it holds intangible assets which have the potential to be of significant value to the Company.
This transaction follows on from the announcement made on 11 July 2007, that Intandem had successfully completed the US$27 million production financing for the star-driven feature film How to Lose Friends and Alienate People (“the Film”), which is the largest independent film currently in production in the UK.
Commenting on the investment, Gary Smith, Chairman & Chief Executive, Intandem said:

"We are very excited about this deal as it allows Intandem access to a growing intellectual property portfolio that has been created by Radical Publishing. This strategic investment gives us the scope to move into channels outside the movie industry.

Commercially, it fits perfectly into our strategy of providing a further source of quality commercial product for studios and distributors, allowing Intandem to be involved with movie opportunities at a very early stage. The Board views this as a long-term strategic investment that meets our business philosophy.”

In addition to the above investment Intandem will work closely with Radical Publishing by acting as the sales agent for both them and Blatant Pictures output, with Intandem receiving executive producer credits on projects with the remit to source financing for all forthcoming products, whilst also participating in all Radical Publishing merchandising, film, TV and animation revenue opportunities.

Barry Levine, President & Publisher, Radical Publishing Inc. commented:

“The team at Intandem really understand Radical Publishing’s goal and vision. Out of all the potential business partners, Intandem saw beyond the comic book content. They share our desire to give people quality. I am looking forward to working with Gary and his team as they help us expand in movies and beyond.”

Issued by Citigate Dewe Rogerson, Birmingham

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