IFM Intandem

 
TIDMIFM 
 
15 February 2010 
 
                              Intandem Films plc 
 
                         ("Intandem" or the "Company") 
 
                               Trading Statement 
 
  * Disposal of five films settles in full outstanding loan of $9.6 million 
 
  * Appointment as worldwide sales representative for "Ghost of Slaughterford" 
    and "Devil's Playground" 
 
  * Total of 30 films now under Intandem's management 
 
Intandem Films Plc a London based international film group, today announces 
that it has disposed of its ownership rights in five films for approximately 
$9.6 million to ATF Holdings Ltd ("ATF"), a subsidiary of Arrowhead Target Fund 
Ltd ("Arrowhead"). The consideration has been used to settle in full an 
outstanding loan from Arrowhead for the same amount. 
 
The films were included on Intandem's balance sheet at a value of $3.1 million. 
The transaction will therefore result in a book profit of approximately $6.5 
million, eliminating much of the Company's accumulated losses and significantly 
strengthening its balance sheet. The transaction will also remove any further 
interest charges relating to the loan, which amounted to GBP0.9 million in the 
year to 30 June 2009. 
 
Intandem has been appointed to manage the sales and delivery of the five films, 
taking the number of films managed on Arrowhead's behalf to 18, following the 
Company's appointment in 2009 to manage a slate of 13 films. Intandem will earn 
commission on all sales generated from the slate. The films include "Johnny 
Mnemonic" (starring Keanu Reeves) and "I'll Sleep When I'm Dead" (starring 
Clive Owen). 
 
In addition, Intandem announces that it has been appointed as co-producer and 
worldwide sales company on a new film entitled "Ghost of Slaughterford", a 
British thriller which is expected to commence production by June 2010. The 
executive producer is Neil Marshall who directed "The Descent" which grossed 
over $57 million at the box office. 
 
Intandem has also been appointed as the worldwide sales company for the feature 
film "Devil's Playground" starring Danny Dyer and Colin Salmon which has 
completed shooting and will premiere at the Cannes Film festival in May 2010. 
 
Gary Smith, Intandem's Chief Executive commented: 
 
"We are delighted to announce the strengthening of our balance sheet through 
the elimination of a significant debt and we look forward to continuing our 
relationship with Arrowhead in the management of their portfolio of 18 films. 
 
"The appointment as worldwide sales agent to two new films brings the total 
number of films under Intandem's management to 30 and further builds on the 
exciting start to the year announced at the time of our AGM. We are delighted 
with the two new films and are very excited at the prospects of building on our 
slate of films throughout 2010." 
 
 
For further enquiries please contact: 
 
Intandem Films Plc                                           Tel: 020 7851 3800 
Gary Smith, CEO 
 
Nominated Advisor 
Astaire Securities Plc                                       Tel: 020 7448 4400 
Antony Legge / Luke Cairns 
 
Financial PR 
Bishopsgate Communications                                   Tel: 020 7562 3350 
Robyn Samuelson / Siobhra Murphy 
intandem@bishopsgatecommunications.com 
 
 
Notes to Editors 
 
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. The Company earns fees for 
arranging the financing for the films' production and generates commission on 
all sales secured. 
 
Intandem closely manages the risk associated with the film industry and does 
not invest in 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. 
 
 
 
END 
 

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