WorldSpace Inc fka WRSPQ

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News.............today 3:33 P.M.
WorldSpace Strategic Transaction Negotiations with Liberty Terminated
18 minutes ago - Businesswire

As of 3:33 PM ET 3/16/10

WorldSpace, Inc. ("WorldSpace") announced today that strategic transaction negotiations with Liberty Satellite Radio, Inc. ("Liberty"), its debtor-in-possession lender, have been terminated by Liberty. WorldSpace is awaiting information from Liberty as to its expectations as WorldSpace's secured lender with respect to the handling of Liberty's collateral. In the interim, WorldSpace is planning for a potential de-commissioning of its satellites and reviewing its strategic alternatives in light of the termination of negotiations.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
SOURCE: WorldSpace, Inc.
WorldSpace, Inc.
Donald J. Frickel, 301-960-1215