First Look Media, Inc. to Merge with ContentFilm plc

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Business Editors LOS ANGELES--(BUSINESS WIRE)--FRST-- First Look Media, Inc. (OTCBB: FRST.PK) today announced that it has executed a non-binding letter of intent with ContentFilm plc (LSE-AIM: CFL) pursuant to which Content would merge with First Look Media and acquire all the outstanding equity interests in First Look Media for approximately $14,500,000. It is currently contemplated that approximately 80% to 90% of the purchase price will be paid in Content common shares, with the balance of 10% to 20% of the purchase price being paid in cash. It is also currently contemplated that the share portion of the purchase price would be issued to the principal stockholders of First Look Media who, together, own approximately 85% of the stock, with substantially all of the cash going to the minority holders of First Look Media. The transaction is subject to further negotiation and the execution of definitive agreements and other conditions customary in transactions of this type, including consent of the majority shareholders of First Look Media and First Look Media's primary lenders. If a definitive agreement is executed, it is expected that the transaction would close sometime in the third quarter of 2004. First Look Media, Inc. is a fully integrated multimedia company with three divisions specializing in worldwide independent film licensing and distribution, theatrical distribution in the U.S. and video distribution in the U.S. This press release includes forward-looking statements that involve risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements, including, but not limited to, quarterly and annual fluctuations in results of operations, the unpredictability of audience acceptance of any particular motion pictures, the highly speculative and inherently risky and competitive nature of the motion picture industry, and certain other risks. As the motion picture business and the Company's operations are subject to numerous uncertainties, including, among other things in addition to the forgoing factors, the financing requirements of various film projects, competition from companies within the motion picture industry and in other entertainment media (many of which have significantly greater financial and other resources than the Company), and the release schedule of competing films, no assurance can be given that the Company's acquisition, production, financing and distribution goals and strategies (including as described herein) will be achieved. Actual results may differ materially from management expectations expressed in any forward-looking statements. KEYWORD: CALIFORNIA INDUSTRY KEYWORD: ENTERTAINMENT ENTERTAINMENT MOTION PICTURES MERGERS/ACQ SOURCE: First Look Media, Inc. CONTACT INFORMATION: First Look Media, Inc. Christopher Cooney, 212-450-1600 cooney@firstlookmedia.com or Jaffoni & Collins Robert Rinderman, 212-835-8500 rinderman@jcir.com

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Due Da Due......But Be Quick About It!!!!!

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Due Da Due......But Be Quick About It!!!!!

volume is low, if it picks up again....