Amersfoort, The Netherlands, February 2, 2008

Commodore untruthful about holding shares in Phillar 

The information Commodore International Corporation (OTC: CDRL.PK) released to the press on 30 January 2008 is incorrect and misleading. Commodore holds no shares nor interests in Phillar Beheer B.V. whatsoever. Therefore Commodore cannot, as it claims, take steps to intervene in Phillars operations. Commodore also claims falsely to have suspended Phillar’s Director from all duties and to have appointed a new Director. This is misleading too. Mr Gabor G. de Vree is still and will remain in charge of Phillar.

 

Phillar regrets the way Commodore confuses the market by spreading false information and is considering legal action.

 

Phillar is a young and dynamic supplier of global consumer electronics with partner channels throughout Europe. They represent a variety of internationally well known brands. The key to its success is talent, creativity, innovation and a worldwide network of strategic business partners that allows Phillar to offer impeccable service and quality. Their passion for technology drives Phillar to create consumer products to the highest standards, easily adapting to the rapid technological changes and innovations.

 

 

 

 

Contact:

 

Phillar Beheer B.V. (Chamber of Commerce registration number 32100920)

Gabor G. de Vree

Phone: +31(0)33 2541180

 

Brada Kuttner Attorneys at Law & Tax Lawyers, Amsterdam

Mr Bas de Jong

Mr Rolf Jelsma

Phone: +31(0) 20 577 40 00