checkAd

    DGAP-News  944  0 Kommentare Investment consortium purchases 30% of X-Cast Entertainment N.V.



    XCast Entertainment N. V. / Miscellaneous

    23.02.2007

    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 hasacquired a 30% stake in X-Cast Entertainment N.V. together with aconsortium of international investors. The purchase price was EUR 0.15 pershare.

    ´We have acquired 30% of the X-Cast shares from the company founder andintend to file a public offer for all outstanding shares as soon as allremaining due diligence and regulatory issues have been completed at thecompany premises in Los Angeles´ Marcus Allen said. ´For us it is a naturalvertical integration and we look forward to grow and partner with X-Cast asone of the strongest growing adult movie producers in the Los Angelesarea.´

    Marcus Allen has been in the adult movie business since 1983 as England´spremiere glamour model agency under the name ´Paramount International´ andhas been featured several times on National Television. His own MarcusAllen brand is sold worldwide under a variety of titles and remains one ofthe strongest lines anywhere. In his capacity as producer, Marcus is one ofthe 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 andtrading adult entertainment movie rights.  The company acquires rights toEnglish and continental European productions for the American market andmakes this market accessible to the owners of movie rights.  XCastEntertainment owns a wide range of genres for the American market and hasadditionally signed several worldwide distribution contracts.

    The rights and licenses of XCast Entertainment include DVD sales, marketspecific covers, promotion and logistic support, cable and satellite, hotelPay-per-View, Video on Demand via Internet, niche Internet offers, videosand images for mobile handsets as well as extensive rights for futuredigital media.

    XCast Entertainment N. V. is a holding company based in Rotterdam, TheNetherlands.  The operational business is managed from Chatsworth, LosAngeles under the brand name ´American Xcess´.

    Basic Claims Data

    Name: XCast Entertainment N.V.Sector: Trader of movie rights and licensesISIN: NL0000686657WKN: AoLA9CMember Code: XCEMarket Segment: Open Standard Class: Bearer StockFace valued: without face valueCapital Stock: 10.000.000 (15.11.06)Fiscal Year: 01.01 - 31.12.

    Contact

    XCast Entertainment N. V.Corkstraat 463047 AC RotterdamNetherlandsFon +31 10 20 85 914 Fax +31 10 20 85 999info@xcastcorp.comwww.xcastcorp.com

    X-Cast Entertainment LLC9537 Cozycroft AvenueChatsworth, CA 91311USAwww.americanxcess.com



    DGAP 23.02.2007



    EQS Group AG
    0 Follower
    Autor folgen
    Verfasst von EQS Group AG
    DGAP-News Investment consortium purchases 30% of X-Cast Entertainment N.V. XCast Entertainment N. V. / Miscellaneous23.02.2007 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 …