The film project is the brainchild of Shrek producer John Williams, who contacted Peters and Sugarman - without knowing they were old pals.
 Sugarman, pictured left, played in a band as a teenager and supported one of Peters' early punk bands. Peters, 44, was last night due to leave for Los Angeles where he will hold further talks. The band had been to Los Angeles to play a series of shows and Peters invited Sugarman along to see them. He said: "I said to John Williams, I've got this old friend from home who works in movies out here now. "I think she'd be great to direct it. "When I said it was Sara, he couldn't believe it. "He'd already arranged a meeting for the next week to discuss the idea with her. "It's just one of those things out of the blue." The film will be a semi-fictional account of the story with The Alarm portrayed as a long-split 80s band who reunite for a Joe Strummer tribute concert before embarking on the scam. The Alarm are set to provide the soundtrack and are likely to have cameo roles in the film. The film is still in the planning stages but Sugarman is insistent it is filmed in North Wales rather than the USA. | 
