Intandem Trading Update [ 25/04/2006 ]

Intandem Films plc, the AIM listed feature film executive production and international sales company, has quadrupled the number of films in its catalogue to 12 films with total budgets in excess of $55 million.

It has signed agreements for the international sales rights to five completed American films, one Danish/Chile co-production (currently in post production), a UK/American documentary film which starts shooting in May, and two films due to start production in the Summer, an American thriller to be filmed in Brazil and an American horror film.
Intandem will earn sales commission of at least 15% on sales of each of the above films. Revenue for the five completed films will fall into the current year whilst revenue on the other films is expected to be taken in the year ending 30 June 2007 when the films will be delivered. As part of its corporate philosophy, Intandem has not invested its own funds into the films and overheads have not been increased. The Company is on track to achieve an improvement on last year’s inaugural results, which is in line with directors’ expectations.

The five completed films are Civic Duty a tense thriller starring Peter Krause (from the internationally successful, Six Feet Under) which will have its worldwide premiere at the Tribeca Film Festival in New York; The Orphan King and Statistics, which are two thrillers from Michel Shane, the executive producer of I Robot and Catch Me If You Can, with whom Intandem has forged a close working relationship; and two horror films from prolific producer Donald Kushner, Snuff - Movie, directed by Bernard Rose (Candyman) and produced by Peter Locke (The Hills Have Eyes) and True True Lie.

The films in production are Black Pimpernel, a true story about the Swedish Ambassador Harald Edelstam - and his fight to save the lives of thousands of refugees during the Chilean Military coup in 1973; and Heaven and Hell, a fascinating documentary film about the hypocrisy surrounding religion, politics and the porn industry in the ‘Bible Belt’ states of America. The films due to commence production in the Summer are Flower in Brazil and Primal Scream which are both being financed by a single producer based in Florida.
Each of the above films will be marketed at the Cannes Film Festival in May.

Gary Smith, the Chairman of Intandem commented,
“We are pleased to have added a portfolio of thrillers and horror films to our sales slate and are delighted at the quality of producers being attracted to Intandem, particularly in the United States. We are confident about achieving our corporate objective which is to aggressively build a diverse portfolio of films consisting of thrillers, horror, comedy and drama with a wide range of budgets which appeal to the international market place.”

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