WinSonic Holdings fininishing Audit to Close Winsonic Holdings, Ltd. and Winsonic Digital Cable Systems Network Acquisition

LOS ANGELES--(BUSINESS WIRE)--Jan. 13, 2004-- Media and Entertainment.com Inc. and Winsonic Holdings Ltd. announced the completion of an addendum to their previously announced stock purchase agreement.

The addendum calls for restructuring the agreement to reflect the acquisition of a majority interest in Winsonic Holdings Ltd. and will comprise of contracts of certain assets and deals from Winsonic Holdings Ltd. This will also embody, but not be limited to, Winsonic Digital Cable Systems Network Ltd. The board has also proposed changing the corporate name to Winsonic Digital Cable Systems Network Ltd. (WDCN). A request to change the stock symbol to letters that reflect the new name is under consideration for submission. Completion of this addendum, subject to customary closing conditions, is expected to become effective upon the completion and review of the audit for Winsonic Holdings Ltd.

Winsonic Digital Cable Systems Network ("WDCSN") concentrates on carrier-class high-speed connectivity solutions that bring together a first-class facility around the country along with network, multimedia, and content distribution communication services to its customers, without requiring substantial capital investments.