XPH X-Phonics

 

TIDMXPH 
 
RNS Number : 0262S 
X-Phonics plc 
11 May 2009 
 

6 May 2009 
 
 
 
 
X-Phonics Plc ("X-Phonics" or "the Company") 
 
 
 
 
Record Label Contract: The Attic Lights 
 
 
The Board of X-Phonics today announces, that following a review undertaken by 
Universal-Island Records Limited ("Universal") of their existing artists, 
Universal have decided not to take up their option, granted under the licensing 
contract signed last year, to release further albums by The Attic Lights. 
 
 
The Attic Lights, for whom we received an advance in May 2007 from Universal, 
released their first album, "Friday Night Lights" in November 2008. Whilst 
critically acclaimed the album did not generate sufficient sales to increase 
X-Phonics share of the sales beyond the initial advance. 
 
 
X-Phonics retains the rights to receive a revenue stream from future sales of 
the first album and will continue to support The Attic Lights for the 
foreseeable future. 
 
 
 
For more information please contact: 
 
 
+--------------------------------------+--------------------------------------+ 
| Mike Hosie, Finance Director         | Tel: 0208 987 0800                   | 
| X-Phonics plc                        |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Tim Cofman/Nicola Rayner             | Tel: 0121 265 6330                   | 
| W H Ireland                          |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CNTUASRRKWRVAAR 
 

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