On 19 April 2007, Europe Vision Plc (in which company Europeinvestment A/S owns 34,661,750 shares, corresponding to 25.5 % of the share capital) has published an AIM notification. Europe Vision Plc has thus notified that it has agreed to a new media distribution deal with Michael Solomon to distribute European Vision Plc's product via the internet. Parallel to this arrangement, Mr Solomon will also buy 1 million new Ordinary Shares in Europe Vision Plc at GBP 1.00 per share, representing 0.72 % of the enlarged share capital. Application will be made for the new Ordinary Shares to be admitted to AIM on 30 April 2007. Michael Solomon began his career in film distribution by loading films on to trucks for United Artists at the age of 18 in 1956. At 24, he became the youngest field manager in the history of the motion picture industry when he headed up United Artists' office in Lima, Peru. In 1964, he started up MCA's Latin American Television Division while based in Mexico and later Brazil. By age 30, Mr Solomon became MCA's youngest vice president. In 1978, he co-founded Telepictures Corporation, which went on to become the largest US television syndication company and one of the largest international television distribution companies, as well as the owner and operator of six television stations in the U.S. Telepictures became a public company (NASDAQ) after only 14 months under the leadership of Mr Solomon as chairman and CEO. After Telepictures merged with Lorimar to form Lorimar Telepictures Corp., Mr Solomon became the new company's President and served on its Board of Directors to steer the company into a takeover by Warner Bros. reportedly worth $ 1.4 bn. Following a five-year tenure at Warner Bros. as head of International TV in which he increased international television revenues more than 400 per cent and built a lasting international structure, Mr Solomon left in April 1994 to launch his own television communications companies, Solomon Entertainment Enterprises. His main focus today is Solomon Entertainment Enterprises (SEE) - a worldwide content provider to all forms of television, home video, internet and wireless phones. He is President and CEO of SEE. Mr Solomon serves on the Board of Directors of Industrial Enterprises of America (OTC), and also the Board of Overseers of New York University's Stern School of Business (18 years), is a Founder of The Sam Spiegel Film & Television School in Jerusalem, and was Founding Chairman of The Jerusalem Foundation of the West Coast of the United States. He was educated at New York University's Stern School of Business and Boston's Emerson College. The notification from Europe Vision Plc has not caused the Board of Directors of Europeinvestment A/S to change its view as to a realistic net proceeds in connection with Europeinvestment A/S' sale of its shares in Europe Vision Plc. Questions may be made to managing director Castro Khatib at telephone 0046 8 545 00140. Europeinvestment A/S
Europe Vision Plc - Distribution Agreement with Solomon Entertainment Enterprises
| Source: Europeinvestment A/S