Syzygy Entertainment notified of default on $1.13 million 13% note

By Devika Patel

Knoxville, Tenn., Oct. 7 - Syzygy Entertainment Ltd. received a default notice in regards to its $1.13 million 13% senior secured promissory note on Oct. 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold the note on July 26, 2008.

The investor is calculating the default interest owed on the note.

Syzygy is an entertainment company based in Charlotte, N.C.

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