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Seven Arts Closes First Three Tranches of Production and Distribution Financing and Receives over $10 Million (GBP 5,000,000) of Net Cash Proceeds:
Seven Arts Pictures plc (the Company) (PLUS:SAPP) (OTCBB:SAPXF) announced today that Zeus Partners LLP ("Zeus") has closed the first 3 tranches of production and distribution financing and Seven Arts has received over $10 million (approximately GBP 5,000,000) of net cash proceeds from the capital raised by Zeus for investment into the production and distribution costs of Seven Arts existing and future motion picture productions and acquisitions (the "Transaction"). The three tranches were closed since Wednesday, 19 March 2008. Seven Arts expects to close the balance of the investment before the 2008 fiscal year end on 30 June 2008.

Webinar: Film Financing - Leading Practitioners and Investors at the Forefront of Investing Reveal How Bankers, Deal Makers, Asset and Hedge Fund Mana
Opalesque, the world's largest subscription-based publisher on alternative investments, hosts a webinar with leading practitioners on Film Financing May 13, 2008 (16.00 GMT) (17.00CET) =11.00 am (EST)

First Watch Leasing Partners with Shreve & Co. for Luxury Timepiece Financing
Leasing company and exclusive jeweler announce to customers that they can lease fine watches the way they lease their cars.

Histogen Announces Initial Close of Series A Financing Round
Histogen, Inc., a regenerative medicine company developing solutions based on the products of newborn fibroblasts, today announced the initial close of Series A financing at $5.35 million.

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