2008-07-09 23:36:09 -

- Cohen Independent Research Group (Cohen) announced today that it has initiated research coverage on Seven Arts Pictures, plc, (OTCBB:SAPXF) (PLUS:SAPP), an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide

release in other forms of media, including home video and pay and free television.

D. Paul Cohen, RIA, President and CEO of Cohen Independent Research, commented, "We have initiated coverage of Seven Arts Pictures with a strong BUY recommendation. The company has completed 2 profitable years of solid growth in 2007 and 2008 and we forecast 2009 will be a breakout year after completion of 7 films in 2008 and at least 4 more films in 09. The forward 12 month (FY 2009 ending June 30, 09) EPS forecast ranges from a Base Case of $.26 up to $.40 per share. The stock is currently trading at less than 2 times forward 12 month EPS." Paul continued, "We forecast the stock price will climb to $6.76 on our Base Case Scenario to $10.49 in our Optimistic Case Scenario in 2010. The management team is both experienced and capable and has a considerable equity stake."

About Cohen Independent Research Group:

D. Paul Cohen is a Registered Investment Advisor in the State of California. Mr. Cohen is President of Cohen Independent Research Group. As founder of Bear Stearns Western Regional Offices, he was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (current Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).

Mr. Cohen states: "We are Wall Street's #1 independent research firm. We have raised the art of fundamental securities research to a level that Wall Street has not experienced. Our independent third party stock research business selectively initiates Independent Research Analyst Coverage for overlooked public corporations. We identify and initiate non-traditional company research. We select micro cap stocks, small cap stocks and mid cap emerging companies with management teams focused on shareholder value, sustainable competitive advantage, and companies that demonstrate market leadership in their respective disciplines. We distribute in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation. Our independent research includes investment research, company research, business research and quantitative research. Our investment research includes biotech research, pharmaceutical research, technology research and other industry groups."

About Seven Arts

Seven Arts Pictures plc ("SAP," "7 Arts" or the "Company") was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.

Cautionary Information Regarding Forward-Looking Statements:

Included in this news release and other information that we make publicly available from time to time are forward-looking comments and other statements that reflect Cohen's current forecast and outlook for future periods. In the case of Seven Arts Pictures, these statements include, among others, statements regarding the anticipated benefits from their development, production, or acquisition of new film projects as well as anticipated revenue from other sources and which may be critical to the overall revenue and profits of Seven Arts.

These statements and expectations are based on currently available competitive, financial and economic data along with our operating plans, and are subject to future events and uncertainties that could cause anticipated events not to occur or actual results to differ materially from historical or anticipated results. Among the events or uncertainties which could adversely affect future periods are: changes in legal contingencies; issues surrounding labor disputes with unions such as the Screen Actors Guild, the Director's Guild, and the Writer's Guild; our use of estimates and assumptions; and the concentration of our capital stock ownership. The forward-looking statements in this news release should be read in conjunction with the more detailed descriptions of the business and the risk factors which are fully described in the Seven Arts Pictures Registration Statement filed with the United States Securities and Exchange Commission as amended on Form 20-F (annual report pursuant to Section 13 or 15(d) of the Exchange Act) for the year ended March 31, 2007 and as updated to December 31st, 2007. Special attention should be paid to Part 1 Item 3 Section 3.D entitled "Risk Factors". Cohen undertakes no obligation to update or revise any forward-looking statements contained in this release as a result of new information or future events or developments.

Cohen Independent Research Group
D. Paul Cohen, 415-454-6985
paul@cohenresearch.com