XCast Entertainment N.V.
XCast Entertainment: No takeover bid
XCast Entertainment N. V. / Miscellaneous 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. ---------------------------------------------------------------------- XCast Entertainment: No takeover bid Rotterdam, June 07. After lengthy consultation, Marcus Allen’s lawyers have recommended not to publish a takeover bid. This was the result of the legal Due Diligence and due to potential conflicts with the existing American investors. Nevertheless, XCast Entertainment N.V. and Marcus Allen have decided to increase the issued capital. 10.000.000 new shares will be offered to the existing shareholders. The offer ratio for existing shareholders will be 1:1. Allan has also offered to subscribe to all the shares unsubscribed by the existing shareholders. The Price of the new shares will be published after the terms of the capital increase are agreed with the depository bank. Marcus Allen and the Board of XCast Entertainment N.V. believe that Marcus Allen, as the new principle stockholder, will have the majority of shares at General Meetings. Because of these delays, the Board of XCast Entertainment N.V. announced that the Annual General Meeting will take place towards the end of the year. About XCast Entertainment XCast Entertainment specializes in international DVD distribution, exploitation of VOD and other multi-media channels and trading adult entertainment movie rights. The company acquires rights to English, continental European and American productions for the American and International markets and makes this market accessible to the owners of movie rights. XCast Entertainment owns a wide range of genres for these markets and has also 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. X-Cast 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 American Xcess 9537 Cozycroft Avenue Chatsworth, CA 91311 USA www.americanxcess.com DGAP 13.06.2007 ----------------------------------------------------------------------
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