M8 Entertainment Reports Sale of Credit Facility

    MONTREAL, June 12 /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.
    %SEDAR: 00002421E

For further information:

For further information: Devin Cutler, Vice President of Finance and
Controller, (310) 226-8314; Pierre Kurland, Director of Financial Reporting,
(310) 226-8336, www.media8entertainment.com.

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890