XCast Entertainment N.V.
XCast Entertainment N.V.: Letter of Intent with York Star
XCast Entertainment N. V. / IPO 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. ---------------------------------------------------------------------- Rotterdam, 15.10.2008. XCast Entertainment has been informed by their majority shareholders that a letter of Intent has been signed with York Star Co. Ltd based in Hong Kong concerning their listing on the Frankfurt stock exchange. As part of the listing York Star. Co. Ltd. aims to raise € 5 Mio equity by July 2009. York Star Co. Ltd. was established in 1982 and is a high quality manufacturer of fashionable handbags, wallets and related products. The list of brands York Star is working with goes from Hugo Boss and Abro in Germany to Bally in Switzerland, Givenchy in France as well as Prada and Moschino in Italy. The production line was moved from Hong Kong to Dongguan in 1982. The Dongguan factory covers 150,000 square feet with 1,000 employees. Sales outlets are based in Shanghai, Bejing, Chengdu, Harbin, Dalian, Nanjing and Zhongqine. In the business year ending March 31, 2008 York Star Co. Ltd. reported Sales of $509 Mio and the Accumulated Profits carried forward were HK$ 19,4 Mio. Basic Claims Data Name: XCast Entertainment N.V. Sector: Listed shell ISIN: NL0000686657 WKN: AoLA9C Member Code: XCE Market Segment: Open Standard Class: Bearer Stock Face valued: without face value Fiscal Year: 01.01 – 31.12. Contact XCast Entertainment N. V. Corkstraat 46 3047 AC Rotterdam Netherlands Fon +31 10 20 85 914 Fax +31 10 20 85 999 info@xcastcorp.com www.xcastcorp.com 15.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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