Peace Arch Entertainment Announces Completion of Licensing Agreements for 31 Motion Pictures in Key International Territories at Cannes Film Festival & Market and Image Entertainment Brings ``Stuck'' to Theaters May 30 Through ThinkFilm

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City of Industry, CA --(www.USEquityNews.com)-- 05/23/2008 - Media entertainment industry alert provided by U.S. Equity News. Peace Arch(R) Entertainment Group Inc. (AMEX: PAE), an integrated global entertainment company, recently announced that it has completed licensing agreements in key international territories for 31 motion pictures and television series at the 2008 Cannes Film Festival and Market in Cannes, France (May 14-25).


National Lampoon, Inc. (AMEX:NLN) announced that it received a letter from the American Stock Exchange which indicated that it did not meet certain of the American Stock Exchange's continued listing standards as set forth in Part 10 of the Amex Company Guide, and stating that the Company had until March 27, 2008 to provide the American Stock Exchange with a specific plan to achieve and sustain compliance with the continued listing standards. The Company complied and submitted a plan to the American Stock Exchange to regain compliance with the continued listing standards on March 27, 2008. Recently the Company was notified by the American Stock Exchange that its plan was accepted.

Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced recently the theatrical release plans for Stuart Gordon's "Stuck" starring Mena Suvari and Stephen Rea. The film opens May 30 in New York and Los Angeles, expanding to twenty of the top U.S. markets on June 6. Image has engaged ThinkFilm to release the film theatrically. Writer-director Stuart Gordon ("Edmond" and the forthcoming "House of Re-Animator") has crafted a taut thriller inspired by true events ripped right from the headlines. "Stuck" is the story of two unlikely opponents thrown together through a macabre set of circumstances.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

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