ACOR Ltd. and Saint Lattreiss Agree to Buy Gravity Collection Global Operations for $267 Million

DENVER - Feb. 26, 2016 - PRLog -- Financial terms of the sale were not disclosed, but were align with the global valuation. The transaction is expected to close on or before mid-year 2016, and is subject to necessary government and regulatory approvals and customary post-closing adjustments. The effective date of the sale is November 30, 2015.

“Gravity is a feisty and creative company with a start-up sensibility that fits perfectly with our own approach to developing businesses in the digital age. The acquisition will serve as a catalyst for our brands, helping to extend our expertise in the digital and mobile video area, whether through the fast-growing multi-platform media outlets globally, or our market-leading mastheads around the world. Gravity complements our traditional media and commercial expertise with contemporary, insight into how people read, watch, buy and sell in the digital era,” said Ian Thomas, Chief Executive of Saint Lattreiss and ACOR Ltd.

Assets of Gravity and its holdings valuated at $267 million in a third party valuation. With the announcement of this sale, Gravity is fully exiting its media and production business globally.

"Today's announcement represents a notable step in Saint Lattreiss's strategic portfolio repositioning. Over the last five years, we have transitioned Saint Lattreiss's primary growth engine, globally through the announcement or completion of approximately $1.7 billion of asset purchases and asset sales. Following the acquisition of Gravity assets, approximately 30% of Saint Lattreiss's production will come from new media. Our robust global position is complemented by our other regions, which have an extensive inventory of prospects and assets that generate free cash flow," said Mr. Thomas.

About A Conspiracy of Ravens and Saint Lattreiss

ACOR Ltd., and Saint Lattreiss is a multimedia company with operations globally. Saint Lattreiss employs people across its offices, with regional HQs in London, and Singapore. Its super power is emotional multimedia platform ad tech. Its secret weapon is passionate people on a mission to “DeliverWow.” ACOR and Saint Lattreiss has operations throughout the world, and its content is played in 196 countries.

Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory and other factors. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, except as required by law.

Contact:

ACOR Ltd.

Devonshire House,

Level One

One Mayfair Place,

London

W1J 8AJ (UK)

Telephone: +447532246686

Saint Lattreiss Global Equity Fund (UK)

Berkeley Square House,

London W1 6BD UK

Lattreiss.Global@Lattreissfunds.com

Gravity Collection Inc.

Investor Relations

Gciir@gravitycollection.com