Avenue Entertainment Group Completes Two Motion Pictures

Business Wire, May 3, 2002

Business/Entertainment Editors

LOS ANGELES--(BUSINESS WIRE)--May 3, 2002

Avenue Entertainment Group's (OTCBB:PIXG) President and CEO Cary Brokaw announced today that the company has completed photography on two new motion pictures.

Photography has been completed on the thriller "Mindhunters" directed by Renny Harlin ("Cliffhanger," "Die Hard 2," "Deep Blue Sea") and starring LL Cool J, Val Kilmer, Christian Slater, Kathryn Morris, Johnny Lee Miller and Clifton Collins. The film's story centers on a team of trainees in the FBI's elite psychological profilers program who must put their training into practice when they discover a serial killer in their midst.

Brokaw and Avenue Pictures produced the film with Bobby Newmyer and Jeff Silver of Outlaw Productions. The film is co-financed by Intermedia Films and Dimension Films. Intermedia, which has financed and licensed such films as "Nurse Betty," "The Wedding Planner," "K-PAX," as well as the upcoming "K-19: The Widowmaker," starring Harrison Ford, will license the film internationally. Dimension Films, which has released such films as "Scream," "Scream II," "Spy Kids," and "The Others," will release the film in the late fall.

Photography has also been completed on "Path to War," directed by the acclaimed director John Frankenheimer ("Ronin," "Manchurian Candidate," and "Seven Days in May") for HBO and starring Sir Michael Gambon, Donald Sutherland and Alec Baldwin. Executive produced by Cary Brokaw and produced by Avenue Pictures, the film portrays the dramatic sweep of Lyndon Johnson's presidency from his election by the greatest majority in American history and his achievements with the Great Society to the country's devastation as it is torn apart by the escalation of the Vietnam War. The story focuses on how Johnson's advisors, many inherited from John F. Kennedy's cabinet, counseled the President to pour money and men into Vietnam and yet failed to find a way to end the war even when it became clear that their strategies had failed.

"Path to War" will premiere on May 18th on HBO.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices, the inherent uncertainty of the film and television production business (in which success of a product depends upon unpredictable and changing factors such as competition and audience acceptance) and other factors discussed in the Company's various filings with the Securities and Exchange Commission.