IFM Intandem

RNS Number:0410A
Intandem Films PLC
11 July 2007



Issued by Citigate Dewe Rogerson, Birmingham
Date: Wednesday 11 July 2007
Immediate Release


           Intandem successfully completes US$27 Million film funding
                                      and
        Licenses Distribution Rights to Paramount Pictures International

LONDON - 11 July 2007; Intandem Films PLC, ("the Company" or "Intandem"), the
AIM-listed, international film Company today announces that it has successfully
completed the 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.
Intandem has earned an executive producer fee of 1.5% of the film's budget,
which will be included in Intandem's accounts for the year to 30 June 2007, for
arranging the production financing and will also be entitled to commission on
the worldwide sales of the Film. The majority of commission is expected to be
earned over the next two financial years to 30 June 2009 and is expected to be
the Company's largest revenue generating film to date.

How to Lose Friends and Alienate People, is a film adaptation of the
best-selling comic biography by journalist Toby Young, and is being backed by
the Aramid Entertainment Fund, the UK Film Council's Premiere Fund, Film4 and
Lip Sync Productions with a budget of US$27 million. Shooting is taking place in
London and New York. The Film stars Simon Pegg (Shaun of the Dead, Hot Fuzz),
Kirsten Dunst (Spider-Man franchise, Wimbledon), Jeff Bridges (K-PAX,
Seabiscuit), Gillian Anderson (The Last King of Scotland, X-Files) and Megan Fox
(Transformers).

As well as arranging the production financing, Intandem is also responsible for
worldwide sales on the Film and the Company is pleased to announce that it has
licensed the distribution rights to the major studio, Paramount Pictures
International for the UK, Australia, New Zealand and South Africa. Other
pre-sales have been signed with distributors in Portugal, Benelux, CIS, Greece,
Cyprus, Scandinavia and the Middle East. The total value of pre-sales to date is
US$4.8 million.

The film will be promoted to distributors by Intandem at the Toronto Film
Festival in September and the American Film Market in Los Angeles in October
2007. It is anticipated that the film will be launched at the Cannes Film
Festival in May 2008 and released in cinemas by Paramount throughout the UK in
the second half of calendar year 2008.

The Film is being produced by Stephen Woolley and Elizabeth Karlsen of Number 9
Films (Interview with a Vampire, Scandal, The Crying Game, Intermission). The
Film was developed through the Number 9 SuperSlate consortium which includes
Intandem Films, Film4 and the Irish Film Board and is backed by the UK Film
Council. It is the second script to go into production since the SuperSlate was
founded following And When Did You Last See Your Father?, starring Colin Firth
and Jim Broadbent, which will be released in cinemas by Buena Vista in the UK
and Sony Pictures Classics in North America later in 2007.

Commenting on the successful financing, Gary Smith, Chairman & Chief Executive
of Intandem Films, who led the financing, said:

"How to Lose Friends and Alienate People represents exactly the type of film
which Intandem likes to bring to distributors; a strong commercial project with
an experienced producer and a high level of cast and crew. Each project we
green-light needs to be at the top of its genre and with the comic and creative
minds on this film, we are confident that it has strong commercial potential. I
am delighted also that Aramid and the UK Film Council have come on board as
financiers alongside Film 4."

Simon Fawcett, Chief Executive Officer of Aramid Capital Partners, commented:
"We are delighted to be partnering with Intandem, Number 9 Films, the UK Film
Council and Film4 on How to Lose Friends and Alienate People. We believe this to
be an exciting opportunity for the Aramid Entertainment Fund to provide finance
to a project with an excellent script, a strong cast and producing team and one
we feel showcases some of the best creative talent in the UK film industry
today."

Sally Caplan, Head of the UK Film Council's Premiere Fund, added:
"This is an exciting independent British film, encompassing an excellent script,
and a director and cast with a strong comic vision. The project has great
potential in the international marketplace, to raise the profile of both British
film and of rising star Simon Pegg."

Andrew Cripps, President of Paramount Pictures International said:
"We are thrilled to be distributing How to Lose Friends and Alienate People in
the English speaking markets and look forward greatly to working with the
talented team behind the film. This should be a major release in the UK next
year."

Toby Young, Writer, commented:
"If a genie had popped out of a bottle five years ago and said, 'Tell me who
you'd like to turn your book into a film and I will make it so' this is exactly
the team I would have chosen. I still can't quite believe it. Any moment now I'm
expecting to be woken up in a bar and told to stop dreaming and go home."

Enquiries:
Gary Smith
Chairman & Chief Executive
Intandem Films PLC
Tel: +44 (0) 207 851 3800
Mobile: +44 (0) 7834 965323

Ross Andrews
City Financial Associates Limited
Tel: +44 (0) 207 090 7800

Andy McLintock
St Helen's Capital
Tel: +44 (0) 207 628 5582

Fiona Tooley or Keith Gabriel
Citigate Dewe Rogerson
Tel: +44 (0)121 455 8370

Notes to Editors:

About the film: How to Lose Friends and Alienate People
The film is inspired by the international best-seller by Young, about his rise
and fall at Vanity Fair in New York and the celebrity world surrounding that
magazine.

Sidney Young has it all, or at least he thinks he has.  Plucked from relative
obscurity he is flown first class (albeit mistakenly) to New York for his dream
job at the prestigious Sharps magazine.  Surely fame, celebrity and beautiful
women will follow, but sadly not if you are Sidney Young.  Rather than becoming
a paradigm of success he lurches from one disaster to the next to the
incredulity of his only friend and confidante, Alison, and the displeasure of
his new boss, the powerful editor Clayton Harding.  After numerous botched
attempts he finally, at the expense of his dignity and pride, knuckles down to
the Sharps status quo, and starts dating a gorgeous superstar-in-the-making.  He
is now the celebrity writer that he dreamed of becoming throughout his life but
he starts to question the price he has to pay for fame.

Heading up the strong cast, fresh from the box office smash Hot Fuzz, British
star Simon Pegg (Shaun of the Dead, Mission Impossible III) will play the
loveable loser, Sidney.  Kirsten Dunst (Spider-Man trilogy, Eternal Sunshine of
a Spotless Mind) stars as Alison, Sidney's confidante and colleague.  Clayton
Harding will be played by award-winning actor, Jeff Bridges (Seabiscuit, Iron
Man, The Big Lebowski), Sidney's rival, Lawrence Maddox, is played by Danny
Huston (The Constant Gardener, Ivansxtc) and Gillian Anderson (The X-Files, The
Last King of Scotland) plays PR doyenne, Eleanor. Megan Fox (Transformers) takes
the role of Sophie Maes.




Intandem Films
www.intandemfilms.com Ticker: IFM

Intandem Films is an AIM-listed, international film finance, sales and marketing
Company.

The Company is an integral member and the sales company for the Number 9 Films
SuperSlate, a Consortium with Film4, The UK Film Council and The Irish Film
Board.

This year sees the release of the first film successfully brought from script to
screen. And When Did You Last See Your Father? stars Colin Firth and Oscar
winning Jim Broadbent and is directed by award winning Anand Tucker.  The film
is due for release third quarter through Sony Pictures Classics in North America
and Buena Vista International in UK.

Intandem's biggest film to date, at US$27m, is the romantic comedy based on the
hilarious best-selling book How To Lose Friends And Alienate People starring
Simon Pegg (who has enjoyed international box office success with the hits Shaun
of The Dead and Hot Fuzz).  The film also stars Golden Globe nominated Kirsten
Dunst, Oscar nominated Jeff Bridges and Megan Fox who is the female lead of the
forthcoming, worldwide release of Dreamworks Transformers.  How To Lose Friends
And Alienate People is due for delivery in early 2008.

Three other films from the SuperSlate are due to commence principal photography
within the next 12 months.  These include The Lonely Doll from the recent Cannes
award winning director Julian Schnabel, which is being written by Caroline
Thompson (Corpse Bride, Edward Scissorhands, The Nightmare Before Christmas).

Other films currently being sold internationally include Andrew Goth's
GallowWalker starring Wesley Snipes (Blade franchise); Hounddog starring Dakota
Fanning and Robin Wright Penn and Julie Delpy's The Countess, starring Julie
Delpy, Ethan Hawke, Radha Mitchell and Daniel Bruhl.


Paramount Pictures Corporation
www.paramount.com

PPC, a global company that produces and distributes filmed entertainment, is a
unit of Viacom (NYSE: VIA, VIA.B), a leading entertainment content company with
prominent and respected brands including Paramount Pictures and DreamWorks. The
company's labels include Paramount Pictures, Paramount Vantage, Paramount
Classics, DreamWorks, MTV Films and Nickelodeon Movies. PPC operations also
include Paramount Digital Entertainment, Paramount Home Entertainment, Paramount
Pictures International, Paramount Licensing Inc., Paramount Studios, and
Worldwide Television Distribution.

Aramid Entertainment
aramidfund.com

The Aramid Entertainment fund was launched in September 2006. The focus of the
fund is providing short and medium term loan finance to the film and television
industry. The Fund is an open-ended investment company incorporated in the
Cayman Islands.

Aramid Capital Partners sources potential investment opportunities for the
Aramid Entertainment Fund, focusing on providing finance in three main areas,
that of discounting tax credits, bridge and mezzanine gap financing.

Aramid Capital Partners comprises three of the film and television industry's
key structured financiers; Future Films, Screen Capital International and
Stonehenge Capital.  Between them they have executed almost US$10 billion of
film financing over the last decade.

Aramid Capital Partners' management team is headed by Simon Fawcett, Chief
Executive, formerly the finance director of Pathe, who has over thirteen years
experience in TV and film financing together with Tim Levy, the founder of
Future Films, David Molner, the founder of Screen Capital and Thomas Adamek, the
President of Stonehenge Capital.

The UK Film Council
www.ukfilmcouncil.org.uk

The UK Film Council is the lead agency for film in the UK ensuring that the
economic, cultural and educational aspects of film are effectively represented
at home and abroad.   It invests in Government grant-in-aid and Lottery money in
film development and production; training; international development and export
promotion; distribution and exhibition; and education.   The UK Film Council aim
is to deliver lasting benefits to the industry and the public through
Creativity, Enterprise and Imagination thereby supporting the creation and
growth of sustainable businesses in the film sector, providing access to finance
and helping the UK film industry compete successfully in the domestic and global
marketplace.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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