Worldwide independent film distributor Overseas Filmgroup, Inc. today announced
operating results for the three-month period ended March 31, 1999. Pursuant to the Company’s recently announced focus on new media distribution opportunities through its First Look Pictures (FLP) division, Overseas also disclosed that it has formed a DVD distribution partnership with Image Entertainment, Inc. Image, a leading licensee of optical disc programming, will distribute 55 Overseas library titles on DVD format. Financial terms of the agreement were not disclosed.