Intandem Films PLC AGM Statement (8386Y)

TIDMIFM

RNS Number : 8386Y

Intandem Films PLC

30 January 2014

INTANDEM FILMS PLC

("Intandem" or the "Company")

AGM Statement

At the Annual General Meeting of Intandem Films, the London based international film group, being held later today at the offices of finnCap, 60 New Broad Street, London, EC2M 1JJ, CEO Robert Mitchell will make the following statement:

"Having recently announced that the Company will now trade as Intandem Media Group comprising three divisions: Manifest Film Sales Ltd, JJ Distribution and Bold Ink, we continue to drive the business forward and look towards next week's European Film Market ('EFM') in Berlin with great optimism.

"In Berlin we plan to focus on sales for Gagarin: First in Space, Vendetta and Believe in addition to introducing Assassin, Red Billabong, and Top Dog. We are very much focused on further developing our sales pipeline to maximise potential for revenue growth throughout the year.

"With a view to continuing to develop our slate we are delighted that Red Billabong, to which we are engaged as sales agent for all territories outside Australia, has recently gone into production. Second Origin and Reign of the General are expected to start filming at the end of February. We are also working hard on growing the number of films on our slate, which has risen from nine in June 2013 to 22 including Evil Nature and Any Which Way They Come, and as of today, eight of which are fully funded.

"The recently announced share options scheme was put in place as a means of incentivising our staff as part of our ambitious growth plans. As we further develop and grow our slate of films we are fully focussed on achieving the goals set as part of the options package. Our portfolio includes a growing number of fully financed films which are rapidly progressing towards production - as such, we look forward to providing a post-EFM update in due course."

ENDS

Contacts:

 
Intandem Films plc 
 Robert Mitchell, Chief Executive Officer        +44 (0)20 7851 3800 
 
  Peterhouse Corporate Finance 
  Jon Levinson / Lucy Williams 
                                                   +44 (0)20 7469 0930 
  finnCap 
  Ed Frisby / Ben Thompson - Corporate Finance 
  Stephen Norcross - Corporate Broking             +44 (0)20 7220 0500 
 
  Bishopsgate Communications 
  Nick Rome/Sam Allen 
  intandem@bishopsgatecommunications.com           +44 (0)20 7107 1890

Notes to editors

About Intandem Films

Intandem Films plc (www.intandemfilms.com) is a London based international film company. It specialises in raising finance for commercial feature films and selling them to distributors around the world. Intandem closely manages the risk associated with the film industry and does not invest in the production of films from its own resources. Its highest profile film to date was How to Lose Friends and Alienate People starring Simon Pegg, Jeff Bridges and Megan Fox, for which Intandem raised the finance and sold the film to distributors such as Paramount, Warners and MGM.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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