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NEWS RELEASE
November 13, 2002
Propaganda Update #6
A Creditor's Committee has been established. David Meadows is the attorney for the Creditor's Committee, representing the 20 largest unsecured creditors, including wage claims. It is his job to maximize the capitol that remains, which includes Propaganda's physical assets, bank accounts and possible TV equity rights. The good news is that Wells Fargo (the largest creditor) has already been paid. Mr. Meadows estimates the process to take two more months.
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