XCast Entertainment N.V.
Investment consortium purchases 30% of X-Cast Entertainment N.V.
XCast Entertainment N. V. / Miscellaneous Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rotterdam, 23.02.2007. Adult industry legend Marcus Allen based in London, United Kingdom today informed X-Cast Entertainment N.V. that he has acquired a 30% stake in X-Cast Entertainment N.V. together with a consortium of international investors. The purchase price was € 0.15 per share. 'We have acquired 30% of the X-Cast shares from the company founder and intend to file a public offer for all outstanding shares as soon as all remaining due diligence and regulatory issues have been completed at the company premises in Los Angeles' Marcus Allen said. 'For us it is a natural vertical integration and we look forward to grow and partner with X-Cast as one of the strongest growing adult movie producers in the Los Angeles area.' Marcus Allen has been in the adult movie business since 1983 as England’s premiere glamour model agency under the name 'Paramount International' and has been featured several times on National Television. His own Marcus Allen brand is sold worldwide under a variety of titles and remains one of the strongest lines anywhere. In his capacity as producer, Marcus is one of the best known figures in the European adult industry. More Information on our new major shareholder: www.marcus-allen.com About XCast Entertainment XCast Entertainment specializes in international DVD distribution and trading adult entertainment movie rights. The company acquires rights to English and continental European productions for the American market and makes this market accessible to the owners of movie rights. XCast Entertainment owns a wide range of genres for the American market and has additionally signed several worldwide distribution contracts. The rights and licenses of XCast Entertainment include DVD sales, market specific covers, promotion and logistic support, cable and satellite, hotel Pay-per-View, Video on Demand via Internet, niche Internet offers, videos and images for mobile handsets as well as extensive rights for future digital media. XCast Entertainment N. V. is a holding company based in Rotterdam, The Netherlands. The operational business is managed from Chatsworth, Los Angeles under the brand name 'American Xcess'. Basic Claims Data Name: XCast Entertainment N.V. Sector: Trader of movie rights and licenses ISIN: NL0000686657 WKN: AoLA9C Member Code: XCE Market Segment: Open Standard Class: Bearer Stock Face valued: without face value Capital Stock: 10.000.000 (15.11.06) 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 X-Cast Entertainment LLC 9537 Cozycroft Avenue Chatsworth, CA 91311 USA www.americanxcess.com DGAP 23.02.2007 ----------------------------------------------------------------------
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