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To: Little Engine who wrote (588)	9/15/1998 9:11:00 PM
From: StocksR4Me	Read Replies (1) \| Respond to of 723

Looks like Media Concepts is NOT giving up the lawsuit! Chris MediaConcepts Inc. Announces Update on Litigations PALM SPRINGS, Calif.--(ENTERTAINMENT WIRE)--Sept. 15, 1998-- MediaConcepts Inc. (OTC BB:MDCE - news) Tuesday announced that the litigation with the Andersons et al in Riverside County Superior Court has been dismissed without prejudice. Robert Torres, chief financial officer, stated: ''The dismissal is based on the fact that the former board of directors did not properly file requirements necessary to operate as a corporation in compliance with the State of California's non-residence business entity criteria. ''The Andersons raised this as an issue of defense against MediaConcepts ability to file a countersuit, which was upheld by the court. MediaConcepts has now met all the state and county requirements necessary to file litigation in California, and now is a 'Corporation in good standing with the state of California' as required prior to filing litigation. ''MediaConcepts will promptly re-file actions in and against all parties and consolidate the pending actions.'' The Riverside County Superior Court ruling does not affect the pending litigation against the Andreet al suit. Safe Harbor Act Disclaimer: The forward-looking statements in this release involve risks and uncertainties, including, but not limited to the successful completion of the projects discussed. Successful completion of these projects is subject to a number of uncertainties and unforeseen events and there can be no assurance that the goals of the company stated herein may be realized. Forward-looking statements represent the company's beliefs and expectations concerning future events. These forward-looking statements are qualified by important factors that could materially impact the company's business and its ability to complete these projects. Contact: MediaConcepts Inc., Palm Springs Edward R. Brody, 760/320-9720 More Quotes and News: Mediaconcepts Inc (OTC BB:MDCE - news) Related News Categories: entertainment