8/13 Court Hearing Update

This morning's Washington County Superior Court's hearing to consider Horace's group's petition proved to be a somewhat routine and, overall, uneventful proceeding.

Ramona O'Brien-Brisson represented the groups position and concerns before Judge Crawford.

She clearly expressed that it wasn't the group's interest to seek party status in the current complaint before the court. Expressed as well was, that while it wasn't the group's intentions to be divisive, their collective interest was to have "control of the film" in that, in their belief, it would prove more expedient in creating revenue with which to begin repayment of lenders. Also acknowledged was an unawareness of Mac's full intention to complete the "existing" film which is, indeed, the Birth of Innocence.

Judge Crawford, while expressing understanding of the group's concerns, made clear that the court would only proceed with the existing securities case presently before him - reconfirming the upcoming trial is set for early November with a status conference ("behind doors") in three weeks time. He did as well indicate that, should they choose, the concerned party could address their position, independently, at a later time following the conclusion of the current litigation.

Regards,

Christopher