Rainmaker Entertainment Inc.

Rainmaker Entertainment Inc.

July 07, 2010 09:00 ET

Rainmaker Entertainment Inc.: Notice

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - Rainmaker Entertainment (TSX:RNK) - As previously disclosed in its annual and quarterly financial statements, the Company is aware of a possible claim with respect to an environmental contamination on a site that an acquired Company did not own but where the Company formerly conducted business.

The Company was advised that a writ has been filed in BC Supreme Court by Sun Life Assurance Company of Canada, naming various parties including Rainmaker Entertainment Inc. as defendants. At this time the writ has not been served upon Rainmaker and no proceedings have commenced. Sun Life is seeking unspecified damages from the named parties relating to contamination to the site.

The Company continues to evaluate the matter to determine the risk of potential liability associated with this claim. A reasonable estimate of potential liability cannot be determined at this time.


Additional information and other publicly filed documents relating to Rainmaker, including the annual audited consolidated financial statements and related management discussion and analysis plus the Annual Information Form are available through the internet on the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval ("SEDAR"), which can be accessed at www.sedar.com.

This press release and any related attachments may contain forward-looking statements and information that involve a number of risks and uncertainty, including whether the Company will be liable and the amount of liability, if any. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the outcome of litigation, if any, market and general economic conditions and the risk factors detailed from time to time in the periodic reports and documents filed by the Company with The Toronto Stock Exchange and other regulatory authorities. Forward-looking statements and information are based on the estimates and opinions of management on the date the statements are made, and the Company undertakes no obligation to update the forward-looking statements should there be a change in conditions, or in management's estimates or opinions.

The contents of this press release have neither been approved nor disapproved by any regulatory authority.

Contact Information