Finger trouble: S/be Electonic Arts in Title! Edited for you. A moderator

Intandem Films PLC
15 June 2005

Intandem Films Plc (the 'Company')

Directorate change





The Board is pleased to announce that Alastair John Kennedy has been appointed
as Finance Director with immediate effect. Mr Kennedy is a Chartered Accountant
having trained at Ernst and Young. Mr Kennedy was previously employed by
Electronic Arts UK Studio where he was finance director for four years.



Save as disclosed below, there are no further details required to be disclosed
pursuant to schedule 2(f) of the AIM rules.





Andrew McWhirter, the previous Finance Director, resigned as a director of the
Company and the Board accepted his resignation 14 June 2005. Mr McWhirter's
part time consultancy contract with the Company has been terminated.



Alastair John Kennedy, age 41

Current Directorships Past Directorships

Vacationer Ltd None




End


IFM is a film finance company which joined AIM this quarter. It creates a revenue stream and turns a profit by taking a % cut of feature films - helping with both production & promotion/marketing activities. Several films on the books this year including films previewed at Cannes in May 2005.
New Finance Director announced today previously with Electronic Arts (ERTS on NASDAQ) - over 5 years seeing a share price climb from ~$28 to the $60 mark today. One to watch - literally! DYOR

Further info: www.intandemfilms.com

BUT, please do not take the argument outside the issue into the realm of personal and incipiently abusive mud-slinging - it's beneath you.


Seems that you are the one dragging the dirt ! You seem to relish on making trouble and yes that is above me.

If you are in the film business then I suspect that it may not be going well for you by the amount of posting you do on this BB.

Enjoy your day !

moneyman - your suspicions are the last refuge of a troubled mind. Relax, stay friendly, I wish you well. Since you don't like my information or informed views I'm more than happy to bow out from this thread. Bye bye.

btw - I've got so much work on currently, I'm working 12-14 hour days and even round the clock to get all my business closed. Don't presume what you are ignorant of.

sd

sd, your views are indeed informed and provide a useful balance. However, i believe you spoil the views by some clear bias against this company by turning what are at worst neutral news into negatives. For example, saying that san sebastian is a tourist film festival smacks of a lottle jealousy. I would have thought that Spanish distributors attend the festival which is a perfect opportunity to achieve a sale. However, I have bowed to your superior knowledge up to now and value your input. My view is that IFM has the POTENTIAL to be a ten bagger during the next 12 months but they need more films and distribution for Stoned.

Altoid
Of course I have a clear bias against this company - I've looked at what I know about it and come to a negative conclusion about it. Why would I stay neutral? Totally respect Moneyman and your right to disagree, happy to have the error of my analysis pointed out. I've made some enormous howlers on other thread - quite capable of it here.

I'm happy to admit I don't know everything (or indeed even enough), let alone interpret it correctly, but I say what I see.

Don't understand your comment re being jealous of San Sebastian - fabulous place, lovely festival. If a sales agent is waiting to sell a film to Spanish distributors there, it probably means they have not found one already via another means. That's all. Sales agents cannot afford to go to morethan a couple of festivals - it's simply too expensive. Only last year Milan's MIFED was cynically squeezed out of existance by US's AFM deliberately moving from February to November. This was largely at the request and support of sales agents wanting to reduce three major markets to two to save overheads.

It is such a tough world out there in independent film financing and distribution, I admire anyone who tries. But it's not a place for my pension investments.

Sorry, broke my word to Moneyman not to post here again. I guess I am as thin-skinned as the next when my sincere motives are questioned.

sd

Thanks SD. As I said, your input is helpful to my understanding. Interesting what you ay about the expense of markets. I read in Screen a couple of weeks ago that two or three sales companies have closed down including Renaisance and Portman. Any insight there?

Hadn't heard Renaissance had stopped. Heard that Portman had gone into strictly television sales and dropped feature work.

Renaissance has gone into administration. Do you know anything about either of them. How do they compare with IFM? Do you work in film sales?

Renaissance had a fairly good reputation, although its original partners split a couple of years ago with production heading off to pastures new and sales staying behind. Ironically it was the production division that was eating money and sales that should have made money. I'm sorry for Angus Finney who always seemed like nice chap. Their administration probably accounts for why I don't seem to encounter them any more.

They were latterly not really like IFM - more pure sales with no development and exec producing (and no capital!), although I am sure they found themselves in the latter role on occasions faute de mieux given the general level of producer expertise in closing finance.

Two other AIM listed co's in similar vein are CCN and CFL. I would rate CCN as best chances of all three with a more rounded slate for release coming up, with CFL now available at rock bottom prices since its business model failed completely when UK government changed the tax break rules last year, now trying to reinvent itself. IFM is somewhere in between currently with only three films completed and two in development - what's it going to do for the next two years whilst these com into production? - probably pick up some more ready-to-go productions. I hope it gets there.

Thanks for the insight SD. I agree that CCN is probably the one to watch along with IFM. IFM has more than two films in development. They've got their own and the Film Council slate films so hopefully they should be announcing more productions soon. Frankly it is that and the US distribution for Stoned that I'm waiting for.

Good discussion. I still rate this a buy but I would seeing as I am a holder ;-)

New film just added to their portfolio.

Some interesting posts on ADVFN

Final Results

INTANDEM FILMS PLC ("Intandem" or the "Company")

Preliminary Results for the year to 30 June 2005

HIGHLIGHTS

* One film completed in the reporting period - Return to Sender.

* Three films completed to date with an aggregate budget of 12.5 million -
Return to Sender, Stoned and Irresistible. Seven films in pre production
with budgets of 30 million.

* Four films in development with UK Film Council backed Super Slate
consortium including Toby Young's bestseller How to Lose Friends and
Alienate People.

* Established Fear Factory - a new company created in partnership with two
producers and the production and financing company Spice Factory to raise
third party equity funding for the production of a slate of low budget
psychological thriller and horror films.

* Adoption of International Financial Reporting Standards 3 years ahead of
requirement and one of the first AIM listed companies to report fully under
the new standards.

* Turnover for the year of 548,000 (2004: 184,000).

* Loss for the year to 30 June 2005 of 497,000 (2004: loss of 76,000)
equivalent to 0.77 pence per share (2004: 0.13 pence per share).

* Board looks forward to the future with considerable confidence.

CHAIRMAN'S STATEMENT

I am pleased to present the Financial Statements for Intandem Films plc for the
first time since the Company's admission to AIM in April 2005.

Intandem commenced trading in November 2003 and its first film was completed in
October 2004. Since the year end two more films have been completed and
Intandem has established itself as an executive producer and international film
sales company. The Company has commenced two initiatives to source new film
projects; the Super Slate development funding from the UK Film Council and the
establishment of Fear Factory Ltd to build a slate of commercial horror films.
Several other films are in pre-production and the Board is looking forward to
the future with confidence.

Operational Review

Executive Production

Intandem earns fees for providing the service of organising financing for the
production of films on behalf of the producer; Intandem does not use its own
funds for production finance. Since starting business in November 2003, the
Group has commenced production on three films with an aggregate budget of 12.5
million and the Group earned executive producer fees of approximately 185,000
of which 123,000 was attributable to the period to 30 June 2005.

The three films were Return to Sender (aka Convicted), Stoned and Irresistible
and further information on each film is provided below.

Return to Sender

Return to Sender was Intandem's first film. It was directed by Oscar winner
Bille August and starred the Oscar nominated actress Connie Neilsen, Kelly
Preston and Aidan Quinn. Sales to date have been approximately 1 million of
which 400,000 have been completed since the year end, the commission on which
will be included in the accounts for the year ending 30 June 2006. Although the
film cannot be considered a commercial success, Intandem has still earned a
total of over 238,000 in fees and sales commission on its sales to
distributors in most major territories in the world, including North America
which reflects the high gross margin nature of the business.

Stoned

Stoned is a powerful drama about the final three months in the life of Brian
Jones, the founder of The Rolling Stones. The film was directed by Stephen
Woolley, the producer of The Crying Game, Scandal and Interview With A Vampire
and stars Leo Gregory, Paddy Considine and David Morrissey.

Stoned was financed by Audley Films LLP, a film financing and production
partnership, who were introduced by Intandem. Sales totalling 860,000 have
been achieved to date in territories including Japan, Scandinavia, Benelux and
Brazil.

In the United Kingdom, Intandem has co-ordinated the marketing campaign for the
film's cinema release with Vertigo Films which premiered at the London Film
Festival and was released in cinemas on 18 November. The DVD will be
distributed through Sony Pictures Home Entertainment, part of Sony Pictures
Europe Ltd.

In the United States, Intandem has appointed Screen Media Ventures LLC as the
distributor. It is planned to release the film in cinemas in North America in
March 2006. Screen Media benefit from an arrangement with Universal Pictures
Home Entertainment to distribute the DVD.

Irresistible

Irresistible is a suspense drama set in Australia and stars Oscar winning Susan
Sarandon, Sam Neill and Emily Blunt. The film was completed in November 2005
and sales totalling 860,000 have been achieved to date across several
territories including the United States, Germany and the United Kingdom.

International Sales

Intandem earns commission on sales to film distributors around the world.
Distributors pay a minimum guaranteed sum ahead of the film's release therefore
Intandem's commission is not dependent on the box office success of the film.
Revenue is only recognised on films which have been completed during the
financial period.

Return to Sender was completed during the year and commission of 115,000 was
earned on sales of 635,000.

The Board's target is to represent up to eight films per annum as an
international sales company. We are in regular contact with distributors in
every major territory to ascertain the types of films they wish to acquire. Our
goal is to build a portfolio of films in different genres and with a range of
budgets. We are currently considering films with budgets from 1.5 million to
20 million.

The international film business is very competitive and the Board takes pride
in its marketing campaign for each of Intandem's films in order to increase the
chances of its success.

Initiatives to source film projects

The Board has a proactive policy towards sourcing film projects which it
believes will generate significant revenue and profits to the Group. The
following positive initiatives have been taken to secure a slate of films in
the future.

Development Funding through UK Film Council

Intandem is a member of a consortium, headed by Stephen Woolley's Number 9
Films, which successfully bid for development funding from the UK Film Council.
The consortium, which consists of Intandem, Channel 4 and the Irish Film Board,
will each contribute 100,000 per annum for three years towards the development
costs of film projects which will be matched by a 300,000 per annum
contribution by the UK Film Council. This total fund of 1.8 million over a
three year period is a significant amount for development and will increase the
chances of Intandem participating in commercially successful films.

Four film projects are being actively developed including an adaptation of the
best selling book by Toby Young - How to Lose Friends and Alienate People and
The Lonely Doll to be directed by Julian Schnabel.

Participation in Horror Film Slate

The Board believes that the recent commercial success of low budget horror
films such as Saw, The Grudge and The Descent offers a considerable opportunity
for profits. Intandem has decided to establish a new company called Fear
Factory Ltd along with two producers and the film production and financing
company, Spice Factory. The objective of Fear Factory is to raise third party
equity funding in the United Kingdom for the production of a slate of low
budget psychological thriller and horror films for which Intandem will be
appointed executive producer and international sales company.

In addition to the Fear Factory slate, three of the seven films currently under
negotiation are horror films including The Lodge, which will be produced by
Michel Shane, the executive producer of Studio films such as I Robot, starring
Will Smith and Catch Me If You Can, starring Leonardo di Caprio and Tom Hanks.

It is intended that Intandem will co-ordinate the cinema release of the slate
of horror films in the UK prior to the release on DVD. The Board is excited by
the potential of this new initiative and is aiming to achieve at least one
"franchise" from the many films available to the Group.

Financial review

The Statements have been prepared under International Financial Reporting
Standards (IFRS) following the Board's strategic decision to voluntarily adopt
IFRS. All AIM listed companies will be required to report under IFRS for
accounting periods commencing on or after 1 January 2007 and hence the
Company's early adoption is three years ahead of this requirement. The Board
believes that this will facilitate consistent presentation of results in the
future.

Turnover for the year to 30 June 2005 was 547,978 (8 months to 30 June 2004:
183,642) and the loss for the year was 497,056 (8 months to 30 June 2004:
76,106 loss)

On admission to AIM in April 2005 the Company raised approximately 860,000
after expenses of 286,000 through the placing of 23,000,000 shares at 5 pence
per share.

Since the share placement Intandem's management has attended several film
markets and festivals including the Cannes Film Festival in May 2005. Costs
incurred in attending these events are initially met by the Company but are
fully recoverable from the films that the Group represents at each market.

The company is in the stages of development and the Board do not propose the
payment of a dividend.

Current Trading

Since 30 June 2005 the Board has actively sought out new opportunities to
increase the number of films the Group represents.

Intandem is currently in negotiations to arrange the financing for seven films
with an aggregate budget of approximately 30 million on which the company is
entitled to receive executive producer fees and sales commission. Overheads
would not need to increase materially to manage this increase in films which
should accelerate the Group's move to profitability.

Film projects are offered to the Group from a variety of sources from around
the world including producers, agents and screenwriters. Of the seven films
currently under negotiation, six are set in the United States which reflects
Intandem's policy of providing the international film community with commercial
feature films.

Someone likes them

RNS Number:0279V
Addworth PLC
02 December 2005



2nd December 2005
Addworth Plc


2nd December 2005


Addworth Plc

Addworth increases stake in Intandem Films Plc

Addworth Plc, the AIM 'active capital' investor, has today announced that it has
added another 348,000 shares to its stake and now holds a total of 2,848,000
shares in Intandem Films Plc.

Following the purchase at 3.125p per share the Addworth Plc holding now
represents 3.34% of the Intandem Films Plc equity.

Addworth was formed primarily to act as an active capital investor. The concentration will be upon the growth of capital value and the generation of fee income.

The Directors will seek capital growth and fee income to be generated from:
establishing and funding newly quoted sector focused companies;
acquiring and developing companies with growth potential; and
taking minority equity positions in smaller listed companies which the Board believes to be undervalued.

Since Admission to AIM on 3rd February 2005 the Directors have conducted detailed analysis of a number of potential transactions and acquisition targets.

Particular focus is to establish newly quoted companies which will be focused on making acquisitions in specific business sectors. In its role of providing early stage investment capital for such companies Addworth aims to be involved in the formation and funding of such quoted companies and to act an investor at founder, pre-IPO and subsequent stages of a newly quoted companys development.

In the pursuit of increasing capital value and corporate profitability the Company provides management and financial assistance to those companies. Having invested in such companies Addworth will derive management fees as those companies are taken to further stages of their own development. In due course part or all of the invested equity may become subject to disposal, with the aim of establishing added capital value for Addworth.

It is the Directors opinion that opportunities also exist in the acquisition of non-core subsidiary interests from various quoted companies, or in the private sector where, in each case, the target may benefit from the introduction by Addworth of both experienced and proven management and investment capital. The Directors will be involved in the development of such businesses by organic or acquired growth with a view to achieving an exit by trade sale or flotation.

The Company also seeks to take advantage of opportunities to acquire, or invest mainly in, established companies whose shares are traded on a recognised exchange in the United Kingdom or the Republic of Ireland, where the current market capitalisation does not, in the opinion of the Directors, reflect the underlying value, and where the Directors believe that the Company can be pro-active in facilitating change, and unlocking a higher value.

The Directors intend to focus on the services, software and consumer products sectors. They will consider investments in companies located in the United Kingdom.

It is the Directors belief that, in present market conditions, good opportunities exist for taking equity positions in a spread of companies which, in their opinion, are undervalued. It will be the Directors intention to select such investments with a view to assisting in either the exploitation of growth potential or the realisation of assets to the point where profitable realisations can be achieved by merger or sale.

I notice that the reviews for Stoned are comming out now it has officially been released;

http://www.bbc.co.uk/films/2005/11/14/stoned_2005_review.shtml#rating

http://www.sundaymirror.co.uk/news/tm_objectid=16390990%26method=full%26siteid=62484%26headline=mark%2dadams%2dat%2dthe%2dmovies%2d%2dthe%2dlife%2dof%2dbrian%2d%2djones%2d%2d-name_page.html

http://enjoyment.independent.co.uk/film/features/article326190.ece

First review of the CD too

http://blogcritics.org/archives/2005/11/10/125947.php

Separately, Intandem is working on four horror titles that will not be financed by FearFactory but will be marketed under the FearFactory banner once completed. Those are Primal Scream directed by Albert Magnoli and produced by Steve Gagnon; The Lodge directed by Michael Lee Baron and produced by Michel Shane and Anthony Romano; Run directed by Warren Sonoda and produced by Mihkel Harilaid; and Worst Nightmares directed by Mark Roper and produced by Alan Robinson.

Meanwhile Intandem has cemented its US distribution plans for Stephen Woolley's Stoned, the biopic of Rolling Stones guitarist Brian Jones which played at the Edinburgh, Toronto and San Sebastian film festivals among others.

The film will open theatrically in March 2006 through Joe Kovacs' Screen Media Ventures and will go through that company's home entertainment deal with Universal. Intandem will work closely with Screen Media Ventures on the film's release, just as it is working alongside Vertigo Films for the UK release on Nov 18.

Meanwhile Intandem has closed deals for the film with Presidio in Japan, Lumiere in Brazil, Lusomundo in Portugal, Non-Stop in Scandinavia, Village Roadshow in Greece, Bridge in Benelux, Noah in Israel and Fivia in Croatia.

On Ann Turner's stalker drama Irresistible starring Susan Sarandon, Sam Neill and Emily Blunt, Intandem has closed deals with Icon for the UK, Blue Star for Italy, Square One in Germany, Palace in Australia, Village Roadshow in Greece, Bridge in Benelux, New World in Bulgaria and Romania, Vision Africa for South Africa, Lusomundo for Portugal, Noah for Israel, and Hunter for Turkey.

Where did you find that out MM?

Taken from a press release on the IFM website.