News

Press Release Dated 6 October 2008

With effect from today, Monday, 6 October 2008, the Licence Agreement dated 29 April 2005 entered into by LB Investments Ltd, a wholly owned subsidiary of LifeBrandz Limited, and the UK-based Brand owner Ministry of Sound International Limited has been terminated by LB Investments Ltd pursuant to the terms of the said Licence Agreement. Following such termination, LB Investments Ltd has instructed its solicitor to file a claim against Ministry of Sound International Limited in the High Court of Singapore. The operation of the Ministry of Sound outlet located in The Cannery at Clarke Quay has also ceased with effect from today, Monday, 6 October 2008. LifeBrandz Limited has future plans to redevelop the premises into an entertainment centre which will be different in concept from the Ministry of Sound outlet.