TSX: AAC.A, AAC.B
TORONTO, June 26 /CNW/ - "We are pleased by the announcement made today
by EdgeStone and the Trustees of Movie Distribution Income Fund," said David
Lazzarato, Executive VP and Chief Financial Officer of Alliance Atlantis. "The
Trustees have also announced their consent for the transfer of the 51% of
Motion Picture Distribution LP owned by Alliance Atlantis Communications Inc.
and will be abandoning their court claim filed on April 5, 2007. With these
issues now resolved, we look forward to the fairness hearing in connection
with the Plan of Arrangement of Alliance Atlantis scheduled for June 28, 2007.
We expect the Arrangement to be completed in early August 2007."
About Alliance Atlantis
Alliance Atlantis offers Canadians 13 well-branded specialty channels
boasting targeted, high-quality programming. Alliance Atlantis also
co-produces and distributes the hit CSI franchise and indirectly holds a 51%
limited partnership interest in Motion Picture Distribution LP, a leading
distributor of motion pictures in Canada, with motion picture distribution
operations in the United Kingdom and Spain. Alliance Atlantis' shares are
listed on the Toronto Stock Exchange-trading symbols AAC.A and AAC.B. Alliance
Atlantis' website is www.allianceatlantis.com.
This press release includes forward-looking statements which reflect
Alliance Atlantis' current expectations. Forward-looking statements are those
which are not historical fact and include in this new release statements
relating to Trustee consent, withdrawal of the Trustees' claim, the date of
the fairness hearing and the expected completion date of the Arrangement. The
reader should not place undue reliance on such forward-looking statements.
They involve known and unknown risks, uncertainties and other factors that may
cause them to differ materially from anticipated future results or
expectations expressed or implied by such forward-looking statements. Certain
risks, uncertainties and other factors are described in materials filed by
Alliance Atlantis with the security regulatory authorities in Canada from time
to time, which are available at www.sedar.com. Alliance Atlantis undertakes no
obligation to publicly update or revise any forward-looking statements or
information, whether as a result of new information, future events or
For further information:
For further information: Andrew Akman, Senior Vice President, Finance -
Corporate Development & Investor Relations, Alliance Atlantis Communications
Inc., Tel: (416) 966-7701, Email: firstname.lastname@example.org; Jennifer
Bell, Vice President, Corporate & Public Affairs, Alliance Atlantis
Communications Inc., Tel: (416) 934-7854, Email: