Harvey Completes Sale To Classic Media
The Harvey Entertainment Company announced on June 26, 2001 that they have completed their sale of Harveys classic cartoon characters, contracts and related assets, to Classic Media, LLC, in exchange for approximately US$17,000,000 and the assumption of certain liabilities. Actual funding of the transaction took place on Friday, June 22, 2001. Harvey has also officially changed its name to Sunland Entertainment Co. Inc. with the new OTC Bulletin Board stock symbol of SUNE. The name and stock symbol change will take effect Wednesday, June 27, 2001. Sunland continues to be involved in the production and distribution of movies and TV series.