XCast Entertainment N.V.
XCast Entertainment N.V.: Investment Syndicate Consolidates Plans for American Xcess
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. ---------------------------------------------------------------------- Investment Syndicate Consolidates Plans for American Xcess Marcus Allen Completes Due Diligence of XCast Entertainment Rotterdam, 29.03.2007. Today Marcus Allen reported that he has completed the Due Diligence of XCast Entertainment in Los Angeles. He has further instructed his lawyers to prepare an official offer to existing shareholders at 0,15 cent per share. This offer includes certification of the validity of the offer through the appropriate authorities. An offer to the existing shareholder to purchase their shares for 0,15 cent per share is expected to be officially published immediately after receiving the necessary official approval. XCast Entertainment has also successfully completed its negotiations and signed an exclusive global distribution deal with Nasty Pixxx. With over 140 Hard and 75 Soft titles available in true High Definition (HDTV), Nasty Pixxx features some of the biggest and brightest stars in the adult firmament. Nasty Pixxx’s feature films are quality seldom found elsewhere. Harry Jose, Vice President of Sales said 'To have signed such a well-known studio with an exceptional catalogue of titles will prove a real benefit to our sales. Nine new releases are already in post production and we look forward to releasing at least one a month for the rest of the year.' 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 29.03.2007 ----------------------------------------------------------------------
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