From the official announcement:

ANNOUNCING THE 5th ANNUAL 72 HOUR FILM SHOOTOUT

The Asian American Film Lab (AAFilmLab) presents the 5th Annual 72 Hour Film Shootout which begins on Friday, June 20, 2008, at 8 pm (EDT). Competing filmmakers will have 72 hours to write, shoot, and produce a short film based on a competition theme that will be announced at the NYC launch party to be held at White Rabbit Lounge (145 E. Houston Street, New York, NY) and simultaneously posted online at www.72hourfilmshootout.com at 8pm. As a special treat, New York hip-hop sensation Koba Sounds will be performing live at the launch party!

Filmmakers will have the chance to compete for over $5000 in cash and prizes including Final Draft software, Apple Iphone, and more. The Top 10 Shootout films will screen at the New York Asian American International Film Festival organized by Asian CineVision (July 10-19, 2008), the First Annual Philadelphia Asian American Film Festival (October 24-30 2008), and a special screening event organized by NYC-based Aspire Asian Film Circle.

AND...

AAFilmLab together with the Museum of Chinese in America's (MoCA) Chinatown Film Project have added a special award category to this year's Shootout: The Chinatown Award!

Films that incorporate a Chinatown as a location or narrative device within the Shootout Theme are eligible to be considered for the "Chinatown Award, " an award comprised of in-kind post-production services totaling $3000 from Deluxe New York. Selection of the winning film will be decided by both MoCA and AAFilmLab. The inclusion of the Chinatown element in a film has no bearing whatsoever on judging for other award categories.

And what will this year's Theme be? Find out June 20 at 8pm (EDT).

Register by Friday, June 6, for a 50% discount on the entry fee. For more information or to register for the Shootout: www.72hourfilmshootout.com