FAB Universal Board Reviewing Recent Agreements

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Pittsburgh, PA – December 2, 2014 – Today, FAB Universal (OTC: FABU) released the following statement: Beijing FAB Cultural Dissemination Co. Ltd., a PRC Company (name translated from the Chinese), has entered into four agreements to acquire license rights to film and television content for distribution to consumers at a total cost of 525 million RMB paid over three installments. The Company’s full board of directors recently became aware of the transactions and is taking steps to determine their circumstances. Read more

FAB Universal Acquires Exclusive Broadcast and Distribution Rights in China for Robert Redford Movie “The Company You Keep”

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PITTSBURGH, PA. September 4, 2014 — FAB Universal (OTC: FABU) (“FAB” or the “Company”), a worldwide distributor of digital entertainment, today announced that it has entered into an agreement to acquire the exclusive broadcast and distribution rights in China for the movie, “The Company You Keep”. The 2012 movie starring Robert Redford, who also produced and directed the film, is a political action thriller. The agreement grants FAB the sole broadcast rights for the movie on all channels in China including the internet, TV and mobile terminals. Promotional movie posters for the film include a FAB exclusive copyright logo. Read more

FAB Provides Update on Internal Investigation and NYSE MKT Delisting Proceedings

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PITTSBURGH, PA. August 12, 2014 — FAB Universal (NYSE MKT: FU) (“FAB” or the “Company”), a worldwide distributor of digital media and entertainment, today announced the completion of the investigation of allegations raised by short sellers and repeated in civil complaints.  On March 5, 2014, the Company announced that the Board of Directors had engaged Loeb & Loeb LLP (“Loeb”), which in turn retained FTI Consulting, Inc. and FTI Investigations LLC (collectively, “FTI”) as independent investigators, to investigate allegations that  the Company’s kiosk business was overstated and  that licensees were offered guaranteed returns.  In addition, Loeb investigated allegations that the kiosks offered pirated content, that a subsidiary engaged in an undisclosed bond offering in the People’s Republic of China, and that the Chairman held an undisclosed controlling interest in the company that provided maintenance and other services to the kiosks located in Beijing. Read more

FAB Universal Receives Notice of Intention to Commence Delisting Proceedings From NYSE MKT

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PITTSBURGH, PA. May 2, 2014 — FAB Universal (NYSE MKT: FU), a worldwide distributor of digital media and entertainment, announced on April 28, 2014 that it had received notice from NYSE MKT LLC that, indicating that the staff of NYSE MKT (the “Staff”) intends to strike the common stock of the Company from listing on the NYSE MKT by filing a delisting application with the U.S. Securities & Exchange Commission (the “SEC”) pursuant to Section 1009(d) of the NYSE MKT’s Company Guide.

The Company has requested an oral hearing before an Exchange Listing Qualifications Panel to appeal the Staff’s determination. Read more

FAB Universal Corp. Announces Notice of Noncompliance with NYSE MKT Listing Standards

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PITTSBURGH, PA. April 8, 2014 — FAB Universal (NYSE MKT: FU), a worldwide distributor of digital media and entertainment announced on April 7, 2014 that it had received notice from NYSE MKT LLC that, based upon a review of the Securities and Exchange Commission’s (the “SEC”) EDGAR database, that FAB Universal Corp. has yet to file it Form 10K for the year ended December 31, 2013. As such, FAB Universal Corp. (a) is not in compliance with Sections 134 and 1101 of the NYSE MKT Company Guide (the “Company Guide”). In addition, the Company’s failure to timely file this report is a material violation of its listing agreement with the Exchange and therefor, pursuant to Section 1003(d) of the Company Guide, the Exchange is authorized to suspend and, unless prompt corrective action is take, remove the Company’s securities from the Exchange. Read more

FAB Universal Board Announces Engagement of FTI Consulting by Loeb & Loeb to undertake Independent Investigation

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PITTSBURGH, PA. March 5, 2014 — FAB Universal (NYSE MKT: FU), a worldwide distributor of digital media and entertainment, today announced that the international law firm, Loeb & Loeb LLP, engaged by the Company’s Board of Directors to investigate allegations made in published reports through November 19, 2013 by short-sellers of FAB’s common stock, has retained FTI Consulting, Inc. and FTI Investigations LLC (collectively “FTI”) to assist it. Read more

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