Ad-hoc-Relase Intertainment AG

Intertainment and Andrew Stevens settle out of court

Former Franchise COO no longer defendant in Franchise trial

Ismaning near Munich, April 19, 2004 – Only a few hours away from the beginning of the trial in Intertainment’s lawsuit for damages against American film producer Franchise Pictures and other parties, the company reached a settlement with one of the defendants last weekend. The person in question is Andrew Stevens, Franchise’s former president and COO. The settlement includes a payment by Mr. Stevens.

Intertainment is suing Franchise Pictures for damages in excess of 100 million dollars on the grounds of fraudulently inflated film budgets. It has filed lawsuits not only against the company itself but also against other parties, among them Franchise CEO Elie Samaha and Andrew Stevens. According to the settlement, Mr. Stevens will no longer be a defendant. The trial will begin tomorrow, Tuesday April 20, in Los Angeles.


Contact:

Intertainment AG, Dr. Marietta Birner, Investor Relations, Osterfeldstrasse 84, D-85737 Ismaning, Germany
Tel.: + 49 (0)89 21699-0, Fax: + 49 (0)89 21699-11
Internet: www.intertainment.de, E-mail: investor@intertainment.de
 

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