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PR: A.D. Vision Inc Sells ADV Films Assets, Anime Network, Amusement Park Media

Is there a lawyer in the house who can translate the press release into English?

A D VISION SELLS ASSETS

HOUSTON, September 1, 2009 — A D VISION announced today that as of June 1, 2009, the company sold assets to other business entities. The asset sale isn't expected to interrupt the flow of our products to our customers.

AEsir Holdings, LLC bought "a subordinated interest in selected programming from ADV's film library" minus a certain amount of debt we owe on a loan we haven't paid off yet.

Section23 Films bought our "account servicing and distribution operations" for the programming bought by AEsir.

John Ledford, ADV's President and CEO, says the sale leaves ADV with the same amount or more money to pay off the company's loan, and for unpaid bills on anime the company may have licensed. The sale also means ADV's employees and customers may not face a total loss of what they expect from ADV.

In a separate transaction, Valkyrie Media Partners bought The Anime Network. This sale also includes a promise to pay off part of ADV's loans.

In another separate transaction, Seraphim Studios bought Amusement Park Media, ADV's in-house dubbing studio.

Further announcements are expected from the companies named above over the coming days.