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CIC Colorado Clarifies Court's Decision in the Matter of Commodore International BV

Business Wire, April 21, 2008

BAARN, The Netherlands -- Commodore International Corp. (CIC) (OTC:CDRL) was informed by the court in 's-Hertogenbosch (The Netherlands) that one of its subsidiaries, Commodore International BV, was declared bankrupt. In the meantime it has been established by both CIC and the petitioning party that procedural mistakes resulting in this judicial declaration were made erroneously beyond CIC's control. The petitioner and CIC had already concluded a written agreement for the cancellation of the bankruptcy proceedings and mutually confirmed. CIC, in cooperation with the petitioner and all parties involved, is in the process of submitting an objection to this declaration. It is expected that this will be resolved in the course of next week. CIC will further inform once this result is known.

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For the avoidance of doubt we would like to stress that this bankruptcy declaration of the named subsidiary does not involve CIC's operational entities either in the Netherlands or elsewhere.

About Commodore International Corporation

Commodore International Corporation (OTC:CDRL) is a creator, developer and full-service provider of innovative digital media services, software and hardware. Innovations such as the CommodoreWorld[TM] multi media platform and a premium hardware product line, that open up new opportunities for the customization and sharing of media entertainment, such as music, TV channels, movies and games. Commodore also pursues an active licensing policy such as its joint venture with Commodore Gaming for gaming products and services, and continues to implement new licensing opportunities.

Commodore International Corporation (OTC: CDRL)

Europe (Operational Offices) Hermesweg 15, 3741 GP Baarn, The Netherlands Phone: +31 (0)35 528 81 50 Fax: +31 (0)35 528 81 51

Corporate Website:: www.commodorecorp.com

Forward Looking Statements

This press release contains forward-looking statements and the announcement of preliminary undertakings. Such statements should not be construed as an invitation to participate in an offering of Commodore shares or a confirmation that an offering will indeed occur. Investors are cautioned that these forward-looking statements are subject to numerous risks and uncertainties, known and unknown, which could cause actual results and developments to differ materially from those expressed or implied in such statements. Such risks and uncertainties relate to, among other factors: the level of orders for and sales of the company's products in European markets; the timing and success of the company's efforts in U.S. markets; the company's ability to successfully strengthen its own dedicated sales force; the timing and success of the company's introduction of new products; and the company's ability to successfully complete future corporate partnerships and financings.

Business Services Industry

CIC Colorado Clarifies Court's Decision in the Matter of Commodore International BV

Business Wire, April 21, 2008

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