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Re: Xace post# 272

Friday, 12/04/2009 7:54:53 PM

Friday, December 04, 2009 7:54:53 PM

Post# of 4759
They may not be in the bankruptcy and this debt will be taken care of in a sale this was in the Chapter 11 paperwork:

WorldSpace India Pte.
Owed in Taxes 17.2 million Rupees, or US $351,000 before interest and penalties.

As of February 26, 2009, approximately $2.1 million of payables in the aggregate, consisting of
(i) unpaid accrued wages, service center expenses, advertising & marketing expenses and
receiver & accessory purchase expenses (each category ranging from approximately $100,000 to
$250,000) plus (ii) payables in lesser amounts to various other vendors and suppliers.

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