SOURCE: The Amergence Group

November 21, 2007 09:00 ET

SONY-BMG Withdraws Suit Against Amergence

PHOENIX, AZ--(Marketwire - November 21, 2007) - The Amergence Group (PINKSHEETS: AMNG) received notice that Sony-BMG has withdrawn its $12,000,000 lawsuit against the company without prejudice.

With this lawsuit now in our rearview mirror, The Amergence Group will work toward rebuilding our originally stated business of attracting and acquiring specialized new and growing companies. Sonic Mountain/, the company's first intended acquisition, previously requested and was granted, an annulment to its binding Letter of Engagement signed with the company. The annulment was a direct result of Sony's initiation of this now-withdrawn lawsuit against Amergence. Although Sonic Mountain was forced to make other commitments since the lawsuit was announced, our company will continue to do everything in its power to help Sonic Mountain achieve their goals, and we're hopeful that the positive relationship forged between the principles of the two companies will benefit both parties in the future.

Beginning today, communications with our shareholders will be on a more regular basis, and, as soon as resources become available, we'll again begin marking our progress toward achieving profitability with press announcements and "Amerging" News emails.


The Amergence Group (PINKSHEETS: AMNG) ( identifies, nurtures, and expands selected emerging companies across a wide range of industries and disciplines. The primary goal of the new business development enterprise (BDE) is to coordinate services and activities that foster and promote a business environment capable of accelerating the growth of innovative companies. The Company attracts new and early growth businesses that wish to take advantage of resources not generally available to them, such as mission-critical capital, in addition to legal, accounting, and public relations resources. In exchange, the Company retains a small minority ownership position in the promising new businesses. The Company is currently reviewing comprehensive due diligence packages from a number of potential target companies, ranging from the medical, legal, and entertainment industries.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

Contact Information