TV Azteca Press Release
October 06 2004 - 9:32PM
PR Newswire (US)
TV Azteca Press Release MEXICO CITY, Oct. 6 /PRNewswire-FirstCall/
-- TV Azteca, S.A. de C.V. (NYSE: TZA; BMV: TVAZTCA), one of the
two largest producers of Spanish language television programming in
the world, announced today that on or around August 27, 2004, the
staff of the US Securities and Exchange Commission (SEC) issued
Wells Notices to TV Azteca and certain executives and directors of
the company, alleging violations of the US federal securities laws,
and stating the intention of the staff to recommend that the SEC
bring a civil injunctive action against TV Azteca. TV Azteca's
Wells Notice also states that, in connection with the contemplated
civil injunctive action, the SEC may seek permanent injunctive
relief and civil monetary penalties. At this time, TV Azteca cannot
predict the outcome of the SEC's investigation; however, the SEC
may impose fines or penalties that could have a material adverse
effect on TV Azteca's financial condition and result of operations.
Company Profile TV Azteca is one of the two largest producers of
Spanish language television programming in the world, operating two
national television networks in Mexico, Azteca 13 and Azteca 7,
through more than 300 owned and operated stations across the
country. TV Azteca affiliates include Azteca America Network, a
broadcast television network focused on the rapidly growing US
Hispanic market; and Todito.com, an Internet portal for North
American Spanish speakers. Except for historical information, the
matters discussed in this press release are forward-looking
statements and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
projected. Risks that may affect TV Azteca are identified in its
Form 20-F and other filings with the US Securities and Exchange
Commission. DATASOURCE: TV Azteca, S.A. de C.V. CONTACT: Investor
Relations: Bruno Rangel, +5255-1720-9167, , or Omar Avila,
+5255-1720-0041, , or Media Relations: Tristan Canales,
+5255-1720-5786, , or Daniel McCosh, +5255-1720-0059, , all of TV
Azteca, S.A. de C.V. Web site: http://www.tvazteca.com.mx/
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