VIRTUAL SPECTATOR AND ANIMATION RESEARCH ANNOUNCE
CANCELLATION OF LICENCE OF INTELLECTUAL PROPERTY AGREEMENT
Auckland, 18 August 2003: Leading sports entertainment companies Virtual Spectator International Ltd and Animation
Research Ltd (ARL) today announced they have reached agreement whereby ARL's exclusive licence to deliver television
graphics under the Virtual Spectator brand will be cancelled and the existing contractual arrangements between them will
be terminated.
The terms of the agreement, which are confidential, are satisfactory for both parties. The cancellation of the
arrangements means both parties will be able to compete freely in the provision of both television and non-television
products and services.
Under the agreement, Virtual Spectator International will have sole rights to use the Virtual Spectator brand for all
media and all applications.
ENDS