HYWI Hollywood Intermediate Inc (CE)

Hollywood Intermediate, Inc. (PINKSHEETS: HYWI), a provider of digital intermediate film and television mastering services, announces its completion of the first week of post production on the new television show "Southland," a John Wells Production in association with Warner Bros Television. "Southland" is one of the few high profile television shows to shoot on RED ONE(TM) digital cameras. This is a turning point in the acceptance of digital cameras used for feature films and television work. Digital capture has now become a viable choice providing ease of use and cost-effective post.

Hollywood Intermediate is well positioned to execute on this change due to its extensive expertise in file-based post production. David Waters, CEO of Hollywood Intermediate, says, "After completing more than 80 feature films using our proprietary file-based workflow, the new digital capture cameras fit seamlessly into our pipeline. The existing conversion from film to a digital file is removed which enables our customers to reduce the handling and therefore the cost of post."

With the extreme pressure of ever tighter budgets, the savings that digital capture brings is evident. Hollywood Intermediate has proven that post production on the RED ONE(TM) is a viable solution for television and feature film mastering and expects to be the primary choice of productions thinking of moving in this direction.

About Hollywood Intermediate:

Hollywood Intermediate provides a combination of Digital Intermediate services to television and feature filmmakers for post-production, using proprietary as well as off-the-shelf technology. This gives filmmakers total creative control over the look of their productions. Whether shooting on 35MM or Super 16MM film or acquiring in a digital format, Hollywood Intermediate puts a powerful cluster of digital tools at the director and DP's disposal to achieve stunning results. Hollywood Intermediate packages a full array of post-production services with negative handling expertise and cost-effective 2K digital intermediate and 35mm film out. The Digital Intermediate process eliminates post-production redundancies by creating a single high-resolution master file. By creating a single master file with resolution higher than the current High Definition broadcast standards, the DI master file enables cinema and television distributors to extract and archive all current and future cinema and television formats including Digital Cinema, Film and High Definition.

Disclaimer Regarding Forward-Looking Statements: This announcement may contain certain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated. Forward-looking statements speak only as of the date the statement was made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. If the Company does update any forward-looking statement, no inference should be drawn that the Company will make additional updates with respect to that statement or any other forward-looking statements.

Contact: George Ivakhnik Managing Director Capital Markets/Investor Relations Hollywood Intermediate, Inc. (HYWI) P: 818-240-6404 F: 818-240-6405 Email: Email Contact www.hwdint.com