Protagenic Therapeutics Inc. (PTIX)

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NEW YORK, Oct. 20 /PRNewswire-FirstCall/ -- The bankruptcy administrator
for MPLC, Inc. (FKA - The Millbrook Press, Inc. - ticker symbol MILB - pink
sheets) today informed the Company that he will make a one-time cash
distribution of approximately $0.45 per share of common stock eligible for
such distribution to shareholders of record as of October 31, 2005, subject to
bankruptcy court approval of the satisfaction of negotiated creditor's claims.
Such distribution will not be paid on shares purchased by the Company's
controlling shareholder pursuant to the stock purchase agreement dated January
24, 2005, including any of such shares that have been transferred by the
controlling shareholder.
This distribution of funds is the final step in the bankruptcy process
which began in February 2004 when the Company sought protection under Federal
Bankruptcy Laws. The Company has paid or provided for all post-petition
administrative claims and all pre-petition secured and unsecured claims and
this distribution will represent funds remaining after satisfaction of such
expenses and claims.
The bankruptcy administrator has informed the Company that he expects the
distribution to take place on or prior to December 20, 2005. Once this
distribution is made the Company's shareholders will have no further claims to
any bankruptcy proceeds.