MCC Global N.V.
MCC Global NV Announces Bahrain International Circuit Contract Clarification
MCC Global N.V. / Contract Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MCC Global NV Announces Bahrain International Circuit Contract Clarification MCC Global NV ('MCC' or the 'Company') (FRANKFURT: IFQ2), the global private equity investment and advisory company, today announced that MCC Project Partners, in which MCC Global is a 25 percent shareholder, wishes to clarify any uncertainty surrounding its assignment with the Bahrain International Circuit ('BIC'). MCC Project Partners ('MCCPP') was formed to create and execute mixed-use real estate development plans across the globe. MCCPP was hired to prepare a plan for the BIC and subsequently created the Bahrain Center of Excellence ('BOCE') business plan, a multi-billion-dollar, multi-purpose development for the 450 acres surrounding Bahrain's Formula One Circuit in Sakhir. The preparation of this comprehensive plan was completed by MCCPP per the initial contract. MCCPP was then hired to execute this plan for the BIC under additional contract terms as the General Partner of BCOE. As time moved on and MCCPP continued to develop the agreed plan, many of the contract parameters caused delays and funding was not made available per the timelines, so the agreement between the parties was consequently terminated and a confidential settlement was agreed with the BIC. MCC continues to use its comprehensive and well established industry skill sets to create business communities around the world. In the past month, considerable interest in the MCC skill sets related to developing real estate based on innovative business plans and communities has been demonstrated by the owners of several professional racing circuits and other major sporting venues. The mixture of strategic business planning and proven ability to build businesses to enhance economic growth and diversification globally has been a center point of MCC’s business since 1999 in such sectors as sports & leisure, hospitality & lifestyle, technology, media & telecommunications as well as education and real estate. About MCC Global MCC Global NV is a global private equity investment and advisory company specializing in providing strategic and financial advisory and investment services to emerging and established companies in specific industry sectors such as healthcare, energy renewables, media, real estate, and hospitality and lifestyle. MCC Global NV (www.mccglobal.com) is listed on the Frankfurt Stock Exchange Geregelter Markt (General Standard), ticker IFQ2. This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon current expectations and assumptions of MCC Global N.V. (the 'Company') and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company’s most recently filed prospectus and other public filings. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material. Enquiries: MCC Global Dana Smith, Investor Relations Email: ir@mccglobal.com Issued by GTH Media Relations Christian Pickel Christianp@gth.co.uk 05.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: MCC Global N.V. Keizersgracht 62-64 1015 CS Amsterdam Niederlande Phone: +31 20 520 6826 Fax: +31 20 520 7510 E-mail: ir@mccglobal.com Internet: http://www.mccglobal.com ISIN: NL0000687705 WKN: A0LFAF Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin, Stuttgart, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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