NSKY News:ROCHESTER, N.Y., Jun 20, 2000 (ENTERTAINMENT WIRE) --
NEW SKY COMMUNICATIONS,
INC. (OTC BB:NSKY) announced today that it has concluded a deal with Lions Gate
Films for the video release, later this year, of its feature film "FREAK TALKS
ABOUT SEX." New Sky also announced the closure of several deals, at the recently
concluded Cannes Film Festival, for distribution of the film in various foreign
markets.
Carl R. Reynolds, President of New Sky Communications, said that, "We are very
pleased to have concluded a deal for distribution of "FREAK" in the domestic
video market and to have begun sales in foreign markets. We expect additional
foreign sales of the film in the near future.
"FREAK TALKS ABOUT SEX" is a comedy starring Steve Zahn, whose previous films
include "THAT THING YOU DO," "OUT OF SIGHT," "YOU'VE GOT MAIL" and "HAPPY TEXAS"
and Josh Hamilton, who most recently starred in the NBC mini-series "THE 60's."
New Sky executive produced the film for Owasco Entertainment.
New Sky also announced the filing of registration documents for a public
offering by its production partner, Bellacasa Productions, Inc., for the
financing of its feature film "THE GIANT." The film examines artistic
inspiration and the political turmoil surrounding Michaelangelo's carving of the
David. New Sky is entitled to a producer's fee and fifteen percent (15%) of
Producer's profits from the film.
New Sky also announced the commencement of pre-production on its feature film
"THE GODMOTHER" and is on target for the start of principal photography of the
film later this year.
"THE GODMOTHER" is a comedy written in part by Joel and Ethan Coen, who won an
academy award for "FARGO." New Sky has received letters of intent from Katherine
Helmond ("Who's The Boss?") , Alex Rocco ("The Godfather II"; "Get Shorty"); and
Max Casella ("Doogie Howser, M.D."; "Analyze This") to appear in the film.
New Sky Communications, Inc. is a producer of independent motion pictures,
including "FREAK TALKS ABOUT SEX" and the previously released "LADY IN WHITE"
and owns forty percent (40%) of the Movieplace.com Web site.
This release contains forward-looking statements regarding expectations for
future financial performance which involve uncertainty and risk. It is possible
the Company's future financial performance may differ from expectations due to a
variety of factors including, but not limited to, changes in economic and
business conditions in the world, increased competitive activity, achieving
sales levels to fulfill revenue expectations, consolidation among its
competitors and customers, technology advancements, unexpected costs and
charges, adequate funding for plans, changes in interest and foreign exchange
rates, regulatory and other approvals and failure to implement all plans, for
whatever reason. It is not possible to foresee or identify all such factors. Any
forward-looking statements in this report are based on current conditions,
expected future developments and other factors it believes are appropriate in
the circumstances. Prospective investors are cautioned that such statements are
not a guarantee of future performance and actual results or developments may
differ materially from those projected. The Company makes no commitment to
update any forward-looking statement included herein, or disclose any facts,
events or circumstances that may affect the accuracy of any forward-looking
statement.
CONTACT: New Sky Communications, Inc.
Colleen Tiffany
503/957-9535 |
