Cinergi Pictures makes announcement.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Jan 12, 1996--Cinergi Pictures Entertainment Inc. (CINE CINE Cinematographic CINE Cinematograph CINE Centre for Indigenous Peoples Nutrition and Environment CINE Clasificación Internacional de la Situación en el Empleo (Spanish) CINE Communications in Education :NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ) today reported that it is in the process of responding to two subpoenas to produce documents to a grand jury issued by the U.S. Attorney's office for the Central District of California. The Company has been advised by the U.S Attorney's office that it is not a target of the grand jury investigation but that its President, Chief Executive Officer and Chairman of the Board of Directors, Andrew G Andrew Jonas Günsberg (born 1974), popularly known as Andrew G, is an Australian television and radio presenter who is best known as the co-host of the reality series Australian Idol. He was also the compere of Network Ten's game show The Con Test. . Vajna, is under investigation. The Company has not been informed by the Government of the issues being investigated, but the company believes the issues relate to a long-standing federal audit of Mr. Vajna's personal tax returns. The Company is in the process of responding to the subpoenas and is unable to predict the impact, in any, this matter could have on the Company. CONTACT: Jaffoni & Collins Incorporated Joseph N. Jaffoni, 212/505-3015 or Cinergi Pictures Cinergi Pictures Entertainment Inc. was a small independent production company that was formed in 1992 by Andrew G. Vajna. Vajna had previously sold his interest in his first production company, Carolco International Pictures in 1989, which he had started with his partner Mario Entertainment Inc. Dianne Caplan Lebovits General Counsel and Executive Vice President 310/315-6000 |
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