CALGARY, Alberta, Jan. 2, 2003 (PRIMEZONE) -- XOZ Entertainment, S.A. (Pink Sheets:XOZZ) today announced that effective September 18, 2002, XOZ Entertainment has cancelled the Asset Purchase Agreement dated December 31, 2000 with Xposure Productions Inc.
Rod Burns, President and CEO, XOZ Entertainment, stated that all assets and liabilities which were to be acquired by XOZ have been returned to Xposure Productions and the shares of XOZ issued relative to this agreement will be cancelled.
About XOZ Entertainment, S.A.
XOZ Entertainment, S.A. is a development stage corporation originally organized in the State of Nevada on December 16, 1996 that is currently owned by the shareholders, and which is in the business of acquiring assets of significant businesses.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-Looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from the forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.