Soleil to Produce Feature Film, “Earhart”

Film Ultimately Solves the Mystery of What Happened to Amelia Earhart

SANTA BARBARA, CA (PRWEB) February 21, 2004

Soleil Film and Television, Inc. (Pink Sheets:SLTV - News) announced today that it has entered into an agreement with Writer/Director Richard Martini to produce the feature film, “Earhart,” which will be directed by Martini.

“Earhart,” from an original screenplay by Martini, is based on eyewitness accounts uncovered by Martini during over ten years of research. “This film will ultimately solve the mystery of what happened to Amelia Earhart after she crashed in the Pacific,” reports Martini. Earhart was a pioneer aviator, and broke many records during her career, including being the first woman to fly across the Atlantic and the first person to fly solo across the Pacific. Earhart’s Lockheed Electra mysteriously “disappeared” in July, 1937, during her attempt to become the first woman to fly around the world, and for over sixty-five years, what happened to her has remained a mystery. “It is an incredible story,” says the Director.

Richard Martini began his career in film making as an assistant to the Academy Award winning Screenwriter/Director Robert Towne (“Chinatown,” “Mission Impossible.”) Since then, he has written and directed many films, including “Camera-Dogme #15,” “Point of Betrayal,” “Limit Up,” “You Can’t Hurry Love,” and the critically acclaimed “Cannes Man,” which is being re-released this month by Vanguard Cinema. Martini’s documentary, “Tibetan Refugee” is also being released on DVD in March.

Soleil Films’ unique strategy is based on the fact that independent films depend on financing; risk capital that is typically put up by a small group of investors. If the film is successfully made and distributed, investors usually look forward to a return within one to two years. After the film is made, success depends on a distributor investing a significant amount of money into its promotion. “Soleil has taken the risk, uncertainty and time out of the equation,” according to Kenneth Eade, Chief Financial Officer. “The company’s business model allows investors purchase shares representing equity of the company. The film is made, and, since it is an equity investment, investors have a built in exit strategy at the moment of their investment, and their investment risk is spread out over the company’s entire library. The cost of the film is booked as an asset, making it more attractive to distributors and setting a break-even book value of the film,” added Eade.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those include statements regarding the intent, belief or current expectations of Soleil Film and Television, Inc., formerly AmeriDream Entertainment Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:

Kristin Gabriel (Public Relations), 323.650.2838

or Raymond Milner (Investor Relations), 213.534.1833, 312.961.5545

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