MONTREAL, June 12, 2007 /CNW Telbec/ - M8 Entertainment Inc. (“M8” or the “Corporation”) a leading film entertainment company engaged in the production, financing, acquisition, and worldwide licensing of theatrical feature films in a variety of genres, reported today that Mercantile National Bank, the provider of the Corporation's outstanding credit facility, has sold such credit facility to the Corporation's primary shareholder, International Entertainment Corporation. The terms and conditions of the credit facility remain unchanged. With the conclusion of this sale, the Corporation has completely eliminated all of its indebtedness to financial institutions.
This press release contains forward-looking statements. These statements are forward-looking as they are based on our current expectations about our business and the markets we operate in, and on various estimates and assumptions. Such statements include words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “will”, “should”, “may”, and other similar expressions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Some factors that could cause actual results to differ materially from those set forth in the forward-looking statements are: audience acceptance of our filmed entertainment, actions of our competitors, cost of production financing, the loss of key personnel, and our relationship with filmed entertainment content suppliers and distributors. Other risks and factors that could cause actual results to differ are described in Management's Discussion and Analysis (“MD&A”) for the periods ended December 31, 2005 under the headings “Risk and Uncertainties”. The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
|
