SOLEIL FILM & TELEVISION, INC. (PINK SHEETS: SLTV) ACQUIRES 20% AND PRESENTATION CREDIT OF THE FEATURE FILM, “FALLACY.”

(PRWEB) November 22, 2003

Film, in its post-production stages, stars Stephen Baldwin, John Savage and Gary Busey.

SANTA BARBARA, Calif. (PRWEB) November 22, 2003—Soleil Film & Television, Inc., formerly Ameridream Entertainment, Inc. (Pink Sheets: SLTV) announced today that it has entered into an agreement with producers Falla LLC to acquire 20% of the distribution revenue of the feature film, “Fallacy,” in return for a small cash contribution. The agreement guarantees Soleil the return of its investment, a guaranteed profit of 50%, and 20% of all worldwide revenues of the film over its initial $ 800,000 in earnings. Soleil will receive presentation credit for the film, which has projected earnings from $ 1.4 to $ 6.2 million. Discussions are currently underway for Soleil’s acquisition of the entire film.

“We look forward to the successful completion of “Fallacy” and are happy to be part of the team,” said Kenneth Eade, Chief Financial Officer of Soleil and Co-Executive Producer of “Fallacy.” “The Company will continue its strategy to acquire and develop quality film properties and television series for its library,” he added.

SOLEIL FILM & TELEVISION, INC. (PINK SHEETS: SLTV) ACQUIRES 20% AND PRESENTATION CREDIT OF THE FEATURE FILM, “FALLACY.”