RSM Richter Inc.

May 24, 2006 17:35 ET

CSII Update

MONTREAL, QUEBEC--(CCNMatthews - May 24, 2006) - RSM Richer Inc. (formerly known as Richter & Associes Inc.), in its capacity as Monitor and Interim Receiver of Cable Satisfaction International Inc. ("CSII") (TSX:CSQ.A), announced today that on May 23, 2006, it issued a Fifth Report of RSM Richter Inc., Monitor and Interim Receiver in relation to proceedings filed by CSII under the Companies' Creditors Arrangement Act (Canada) and to CSII's Second Amended and Restated Plan of Arrangement and Reorganization (the "Amended Plan").

The report, as well as its schedules, can be obtained by requesting a copy from the Monitor by writing or calling the Monitor at the address and telephone number set out below or on the Monitor's website at www.rsmrichter.com and entering "Current insolvency files".

As previously announced, the Amended Plan provides, among other things, for no distribution to be made to the existing shareholders. As a result, the currently outstanding shares of CSII have no value under the Amended Plan.

Contact Information

  • RSM Richter Inc. (formerly know as Richter & Associes Inc.)
    as Monitor and Interim Receiver
    or
    Attention: Philip Manel
    (514) 934-3451
    (514) 934-3504 (FAX)