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Cannes, France - May 20, 2007
PINK MEDIA GROUP
BELGRADE-BASED STUDIO NOW OPERATIONAL WITH 9 NEW SOUND STAGES 5 PERSON TEAM MEETING PRODUCERS, FINANCIERS AND AGENTS

PFI Studios, the new state-of-the art Belgrade based studios are now operational. PFI management is now in Cannes meeting producers and film financiers. PFI Studios Cannes presences is led by Chairman and CEO Zeljko Mitrovic, Managing Director Ivan Vlatkovic, Executive Director-Head of Production Mirjana Mijojlic, Executive Director-Head of Operations Barbara Sandic and LA consultant Shelley Hack. PFI Cannes office is on the ground floor at the Grand Hotel.

CEO Mitrovic is bullish about PFI Studios and what it can offer to producers particularly those indie producers in Europe and North America. "First, we are very very competitive on price. We offer highly skilled crews, one-stop shop and quality, flexible service from our English speaking staff. With our 9 brand new sound stages and our 12 hectare back lot only 15 minutes from Belgrade airport PFI Studios is an extremely attractive proposition for producers. We are well aware of the need for European producers to look for the best financial packages in order to close their financing for their films and also the slightly different requirements for North American producers. We are here to meet with producers, film financiers and agents to discuss and assess projects."

PFI Studios is the latest edition to the Pink Media Group’s entertainment activity. Pink Media Group is the largest entertainment media conglomerate in SE Europe. The Group already runs 3 highly successful terrestrial television channels, seven satellite channels, a radio station, a record label, production design and animation company, CD/DVD replication plant and an executive business airline.

Chairman & CEO Mitrovic went on to say ‘We are in this for the long run. The Pink Media Group has been operating for over 15 years, and we have been planning PFI Studios for over 3 years in order to get them absolutely right. I am here to say ‘Belgrade is open for businesses.’

The Pink Media Group (PMG) is the largest, private commercial entertainment and media group in Southeast Europe. The group's diversified operations include: filmed entertainment production, radio and television broadcasting, satellite television production, music recording, optical media replication (CDs and DVDs) and executive/VIP aviation services. PMG encompasses seven individual, legally and financially, independent companies. For more information on the Pink Media Group, please see: www.pinkmediagroup.net

For more information please contact:

Ms. Barbara Sandic (English-language enquires)
Executive Director - Head of Operations                                         Tel : +381 11 3063 633
Cell : +381 63 293 372
Email: barbara.sandic@pfistudios.com

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