Can we draw the following hypothesis from the context?

Context:

Teeth is a 2007 black comedy horror film written and directed by Mitchell Lichtenstein. The movie stars Jess Weixler and was produced by Lichtenstein on a budget of US$2 million. The film premiered at the Sundance Film Festival on January 19, 2007, and was distributed by Roadside Attractions for a limited release in the United States.

Hypothesis: Before its limited release, the film Teeth premiered at Sundance Film Festival.
Yes