ZVUE announces extension of standstill agreement with YA Global

Wed. October 01, 2008; Posted: 07:22 AM

Oct 01, 2008 (M2 EQUITYBITES via COMTEX) -- ZVUE | Quote | Chart | News | PowerRating -- ZVUE Corporation (Nasdaq:ZVUE), a digital entertainment company, announced on Tuesday (30 September) that the company has extended its standstill agreement with YA Global Investments L.P through 31 October 2008.

Under the extended and revised agreement, ZVUE has agreed to resume payments under the convertible debentures on 1 November 2008.

According to Ulysses J. Curry Jr, ZVUE's chairman and interim chief executive officer, the extension of the standstill agreement through the end of October will allow the company additional time to review and explore its strategic options regarding debt obligations.

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