XCast Entertainment N.V.
Investment consortium purchases 30% of XCast 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, 21.03.2007. Investment Syndicate Consolidates Plans for American Xcess Today Marcus Allen, who, together with an investment syndicate, plans to buy XCast Entertainment, announced that after completing the first phase of the Due Diligence in Los Angeles, he expects to make a formal bid to acquire all remaining shares in XCast Entertainment. Marcus Allen plans to offer 0,15 Euro per Share of XCast Entertainment after the Due Diligence is completed. Marcus Allen said: 'Our representatives accompanied us on a recent trip to the XCast Entertainment offices in Los Angeles and have started the Due Diligence process. We like what we have seen so far and expect to make a formal bid before the end of March'. 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 21.03.2007 ----------------------------------------------------------------------
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