Cedric Kushner Promotions Announces Resolution of Differences With Buster Mathis, Jr.Business Editors NEW YORK--(BUSINESS WIRE)--April 20, 2004 Cedric Kushner Promotions, Inc. ("CKP CKP Checkpoint CKP Crankshaft Position CKP Chandraseniya Kayastha Prabhu (caste of Maharastra, India) CKP Chris Key Players (band) CKP Concept Knowledge Processing ") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CKHP - news) has announced that it has reached an amicable resolution of its differences with Buster Mathis Buster Mathis (June 5, 1943 - September 6, 1995) had a very successful career as an amateur heavyweight boxer. He qualified for a spot in the 1964 Tokyo Olympics. Unfortunately, he was injured and was unable to compete there. , Jr. regarding an April 18, 2003, settlement agreement between the Company and Buster Mathis, Jr. Mathis, a former heavyweight boxing contender, has agreed to join the Company in a consulting capacity for a term of 3 years, and will assist the Company as a talent scout talent scout n. An agent who goes in search of talented people for acting, sports, or business. talent scout Noun in its endeavors to search for young amateur boxers with professional potential. In addition, Mathis has agreed to attend occasional meetings, events or functions on behalf of the Company, and to advise, and discuss new concepts and projects in development by the Company. As part of the resolution, Mathis has agreed to release the Company, Cedric Kushner Promotions, Ltd., Cedric Kushner Productions, Ltd., and Cedric Kushner Boxing, Inc. from any and all liabilities and obligations that they have, had or may have, arising from the settlement agreement, entered into on April 18, 2003, regarding a civil action against the Company's President and certain subsidiaries of the Company in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of styled Buster Mathis, Jr. v. Cedric Kushner et al. "I am pleased that we were able to resolve our differences with Buster Mathis, Jr. and that he has agreed to join the Company in its efforts. We look forward to working with Buster Mathis, Jr. and to utilizing his skills and talents to bolster the Company's endeavors," said Cedric Kushner, President and Chairman of the Board of Directors. About Cedric Kushner Promotions CKP promotes world champion and top contender boxers. In addition to its representation and promotion efforts, the agency also produces and syndicates world championship boxing events for distribution worldwide. A steady program supplier to the world's leading television networks, including HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy , SHOWTIME show·time or show time n. 1. The time at which an entertainment, such as the showing of a movie, is scheduled to start. 2. Slang The time at which an activity is to begin. Noun 1. , ESPN ESPN Entertainment and Sports Programming Network , and EuroSport, the company promotes televised events from venues all around the world. With a roster rich in world champions and a track record that includes having promoted approximately 300 world championship bouts, CKP is at the forefront of the international boxing business. CKP, formed in 1974 by promoter Cedric Kushner, originally achieved prominence in the field of rock-'n-roll music and is now one of the most active promoters of championship bouts worldwide. In addition to its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. business, CKP is the foremost American-based promoter of boxing in Europe and Africa. CKP is an acknowledged leader in packaging premier boxing shows for the global television marketplace, through its television arm, the Cedric Kushner Sports Network (CKSN CKSN Ciphering Key Sequence Number (ciphering algorithms) ). Forward Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," plan," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those forward-looking statements as a result of various important factors, including those described in the Company's most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. |
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