A statement was issued by all three which read in part:
April 08, 2009 --
Many of you are aware that, for the past 6 months, we have been involved in legal proceedings related to ownership rights concerning the "Famous Monsters of Filmland" trademark. These proceedings stemmed from unresolved matters arising from a sale of the property rights to Mr. Kim in October 2007. After a personal meeting among us, we have fully resolved our differences and reached an amicable settlement. Ray and Connie acknowledge Phil Kim as the new owner of the trademark. His web site at www.famousmonstersoffilmland.com is to be considered the "official" internet site for the mark. Connie will retain her www.filmlandclassics.com web store and will continue as the reseller of back issue of Famous Monsters magazine published by Ray until the current inventory is depleted. Ray will continue his work as editor and publisher of his two new magazines FREAKY and SHOCK THEATER CLASSICS.
CONCERNING FM #250:
Pursuant to our agreement, FM #250 will be edited/published by Ray Ferry as originally planned. FM #250 will be the FINAL ISSUE in the SECOND SERIES of FM magazine, which began with issue #200 (May 1993). Filmland Classics customers who have current subscriptions that include FM #250 will receive their copies. Pre-orders for FM #250 are currently being accepted. The issue will ship at the end of May, 2009. Note that there will be only a limited number of copies available for general purchase once the issue is published! There will be no reprints of any more issues and once current inventory is depleted, that's it. Visit www.filmlandclassics.com (or www.famousmonstersoffilmland.com) for pre-ordering information.
It is good that the parties involved resolved the issues in the litigation. Spending time and money on attorneys and court costs is not fun. This was a smart move by all.
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