Point.360 to Acquire the Assets of CenterStaging Musical Productions, Inc.

http://biz.yahoo.com/prnews/080930/latu523.html?.v=24

"CenterStaging's customers include recording artists, television networks, production companies and studios that use the space and expertise of CenterStaging in the same manner as owners of content use the talent and facilities of Point.360 to service their masters. The potential acquisition will bring us approximately $7 million of new revenue opportunities, new customers in a new segment of the entertainment industry and the opportunity to cross-sell the services of Point.360 and CenterStaging."

The purchase of assets is expected to be completed in the quarter ended December 31, 2008 and is subject to the United States Bankruptcy Court approval and an opportunity for other parties to overbid for CenterStaging's assets.