Voltage Pictures will commence international pre-sales at AFM. Cinetic Media will handle domestic rights, as it did on Diary.
The Weinstein Company snapped up Diary in Toronto and the independent production virtually sold out overseas through Voltage Pictures.
Romero will direct the sequel from his own screenplay, which picks up from where Diary left off as survivors of a mysterious zombie outbreak unknowingly flee to a remote island populated by the undead.
Filming is set to begin in spring 2008 with Peter Grunwald producing alongside Artfire Films' Artur Spigel and Ara Katz. Executive producers are Dan Fireman of Artfire and Sam Englebardt.
'The reception for Diary has been really gratifying,' Romero said. 'We had a great team on that film and it's exciting to have the opportunity to keep everyone together and hit the ground running again.'
'We're extremely pleased to work again with George Romero, Peter Grunwald, Art Spigel and Ara Katz,' Chartier said. 'Making zombie movies with them is a no-brainer!