IFM Intandem

 
TIDMIFM 
 
17 August 2010 
 
                              Intandem Films plc 
 
                                   (AIM:IFM) 
 
                         ("Intandem" or the "Company") 
 
                                Trading Update 
 
Intandem Films, the AIM quoted London based international film group, is 
pleased to provide a trading update ahead of the publication of its report and 
accounts for the year ended 30 June 2010 which are scheduled for release in 
November 2010. Whilst revenues are expected to be behind those for the year 
ending 30 June 2009 the Company expects to show the reduction of losses, 
demonstrated in the interims published on 4 March 2010, continuing for the full 
year. 
 
Trading for the current financial year has started well with sales being 
concluded with UK distributors for both The Kid and Beneath Hill 60. The Kid is 
expected to be released in cinemas and Beneath Hill 60 on DVD in the UK during 
September 2010. 
 
The Veteran concluded shooting in London during August 2010 and is expected to 
be completed in the first quarter of 2011. Discussions are ongoing with a 
number of UK and international distributors regarding this project. 
 
Intandem has added to its library of completed films, having been appointed as 
the sales company for TELSTAR, directed by Nick Moran and starring Kevin Spacey 
and James Corden. TELSTAR is a music-infused drama about Joe Meek, the 
flamboyantly gay, tone deaf, songwriter-producer behind the '60s hits "Have I 
the Right," "Just Like Eddie," "Johnny, Remember Me" and "Telstar". The Company 
is currently finalising North American distribution for this film. 
 
Intandem's strategy is to secure worldwide sales rights for films in the 
$10m-$25m budget range. The Company is currently in negotiations to close the 
financing on four such films. Whilst it is taking longer to conclude than 
originally anticipated, the Company is confident of a successful outcome, which 
will significantly increase revenue in the form of sales commission. 
 
Commenting on the news Gary Smith, CEO at Intandem said: 
 
"We are encouraged by Intandem's progress and we look forward to updating the 
market in the annual accounts, which are expected to demonstrate a significant 
reduction in losses for the period and will be published in November. 
 
"Telstar is a welcomed addition to our library of completed films, which now 
stands at 30. We have various other projects in the pipeline and, despite 
negotiations often taking longer than expected, we are pleased that a number of 
these projects are now nearing completion. 
 
"It is also noteworthy that the Company's cost base can be predetermined with 
reasonable accuracy, which means the business model is very highly leveraged. A 
significant increase in revenue will lead to a greater proportionate increase 
in profitability and this is what we are working towards." 
 
                                    --END- 
 
For further enquiries please contact: 
 
Intandem Films Plc Tel: 020 7851 3800 
 
Gary Smith, CEO 
 
Nominated Advisor 
 
Astaire Securities Plc Tel: 020 7448 4400 
 
Stuart Lane / Luke Cairns 
 
Financial PR 
 
Bishopsgate Communications Tel: 020 7562 3350 
 
Gemma O'Hara / Siobhra Murphy 
 
intandem@bishopsgatecommunications.com 
 
Notes to Editors 
 
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. 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. 
 
The Veteran 
 
Directed by Matthew Hope and starring Toby Kebbell, Brian Cox and Bashy, The 
Veteran is a story about a young soldier returning home from Afghanistan who is 
offered a job in clandestine surveillance of suspected terrorists. He becomes 
obsessed with saving a young Anglo-Asian woman from a group of fanatics. When 
his plan to assassinate the fanatics is sabotaged by the security services, who 
have their own hidden agenda, his rage spirals out of control with bloody 
consequences. 
 
TELSTAR 
 
Directed by Nick Moran and starring Kevin Spacey and James Corden, TELSTAR is a 
music-infused drama about Joe Meek. Set against a backdrop of early 60's 
London, TELSTAR is the story of the world's first independent record producer, 
Joe Meek. A maverick genius who enjoyed phenomenal early success with TELSTAR - 
the biggest selling record of it's time - before bad luck, depression, 
heartbreak and paranoia forced him into murder and suicide. A gay amphetamine 
addict, talented but deeply troubled soul, Meek dabbled in the occult. He is 
already an iconic figure in the world of British pop. Far from being in maudlin 
tale, this stranger than fiction true story is a satirical comic drama 
revealing the many sides of Joe Meek, a man who is now revered as a pioneer in 
the field of popular music. 
 
 
 
END 
 

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