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To: D. K. G. who wrote (393)	4/24/2007 4:00:46 PM
From: D. K. G.	Read Replies (1) of 484

On April 24, 2007, K-tel International, Inc. (the “Company”) issued a press release announcing that on Tuesday, April 24, 2007, it filed with the Securities and Exchange Commission Amendment No. 1 to its Schedule 13E-3 in connection with a 1-for-5,000 reverse split of the Company’s common stock intended to take the Company private (the “Reverse Split”). Amendment No. 1 was filed to, among other things, reflect an increase in the amount to be paid to the Company’s shareholders owning fractional shares after the Reverse Split from $.0625 to $.095 per share, in accordance with the determination by the Special Committee of the Company’s Board of Directors that $.095 per share is fair to its shareholders. A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and is incorporated herein by reference. sec.gov

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