Business
Champ Car Settlement
Champ Car Settlement.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n Catalyst Media Group PLC\n07 August 2007\n\n\n\n\n Catalyst Media Group plc\n ('CMG' or 'the Company')\n\n Champ Car Settlement\n\n\nCMG announces today that it has reached agreement with Champ Car World Series\nLLC ('Champ Car') for the payment of US$400,000 in full and final settlement of\nmonies owed to Champ Car arising from a letter of agreement dated 15 December\n2004 between Champ Car, CMG and Betelgeuse Productions Inc., a subsidiary of\nCMG. The settlement agreed is significantly within the potential liabilities of\nthe Company that were identified in the prospectus sent to shareholders dated 12\nMarch 2007.\n\n\n\nEnquiries:\n\nCatalyst Media Group plc\nMichael Rosenberg / Anna Prestwich \n020 7927 6699\n\nStrand Partners Limited\nJames Harris / Angela Peace\n0207 409 3494\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1038,"tagName":"div"}]