HYWS Hollywood Studios International (CE)

Sir Steven Saxton, Chief Executive Officer of Hollywood Studios International (PINKSHEETS: HYWS), announced today that entertainment industry veteran Eric Christenson has joined the company as President of Acquisitions and Distribution. In his new post, Mr. Christenson will be responsible for building and managing a high-profile foreign sales operation for the company as well as managing all its international distribution activities.

"We are delighted to add Eric to our senior management team," said Sir Steven. "His exceptional talent and proven track record gives us the ability to aggressively discover and develop new opportunities around the globe. Under Eric's direction, we intend to ramp up our efforts to produce and/or acquire high-concept projects with a unique vision and global themes."

"I am very excited to be working with Sir Steven and the amazingly talented and energetic people at Hollywood Studios International as we launch our new venture," said Mr. Christenson. "With its ability to make strategic investments in films, combined with its access to international distribution, tax incentives, soft money, and additional sources of capital to help finance pictures, HSI is uniquely positioned to meet the challenges of the current marketplace. I look forward to partnering with the Hollywood creative community to provide international distributors with motion pictures that are both entertaining and profitable."

For more than 20 years, Eric Christenson has participated in every aspect of film development, financing, production, distribution, marketing and business affairs. Throughout a distinguished career in which he licensed films that have received 42 Academy Award nominations, he has maintained excellent working relationships at studio, mini-major, agency and producer levels within the film industry. He most recently consulted for Voltage Pictures, where he licensed current Academy Award favorite "The Hurt Locker" as well as "The Whistleblower" starring Rachel Weisz, and Robert Redford's upcoming project "The Company You Keep."

From 2005 to 2008, Mr. Christenson was President of Sales & Distribution for Academy Award-winner Graham King's Initial Entertainment Group/GK Films, where he ran the independent division and handled all distribution operations. During that time, he managed the sales and distribution of Martin Scorsese's "The Departed," "The Aviator," and "Gangs of New York." Mr. Christenson also introduced and licensed two Nicolas Cage vehicles, "Next" and "Bangkok Dangerous." He also pre-sold "The Young Victoria," which is currently in release in the U.S. Other titles he licensed include Steven Soderbergh's "Traffic," Michael Mann's "Ali," Peter Berg's "Very Bad Things" and Lasse Hallstrom's "An Unfinished Life."

Mr. Christenson was one of the founders and owners of Myriad Pictures, where as EVP of Sales and Distribution he licensed films including "Kinsey," "The Good Girl," "Dungeons & Dragons," and "National Lampoon's Van Wilder." In addition, he managed the licensing of a 150-picture catalog (formerly J&M Entertainment) that included Lasse Hallstrom's "What's Eating Gilbert Grape." Mr. Christenson also served stints as Vice President of Worldwide Distribution for Behaviour Worldwide, Director of International Distribution for MDP Worldwide, and Manager of International Distribution for Vision International.

Founded by Sir Steven Saxton, Hollywood Studios International is a privately funded entertainment holding company with subsidiaries focused on specific areas of the entertainment industry. HSI and its subsidiaries Artist International, Models International, iCreate and Hollywood Studios China, exist to create critically acclaimed and commercially successful entertainment projects. By combining their influence in different areas of the entertainment industry, cinema, television, photography, modeling, etc., HSI is able to achieve this goal in both foreign and domestic markets.

With offices in Beverly Hills and New York, Artist International is the subsidiary of Hollywood Studios International which focuses on professional representation of actors, writers, directors, athletes and other creators. AI works closely with its clients to help facilitate their personal creativity, as well as support and produce projects in their particular genre.

Contact: Hollywood Studios International 9595 Wilshire Blvd. Ste 900 Beverly Hills, CA 90212 T: (310) 358-9007 F: (310) 943-2230 press@hsifilms.com www.hsifilms.com