THUNDER ON THE MOUNTAIN UPDATE: Resolution Reached with Concert Promoter

PLAINTIFFS IN CLASS ACTION OVER THUNDER ON THE MOUNTAIN RESOLVE CLAIMS

AGAINST CONCERT PROMOTER

“We are pleased by the efforts of Mr. Mosiman and Backwood Enterprises, LLC to help resolve this matter and attempt to compensate the ticket purchasers.”

Nate Steel, Plaintiffs' Counsel

Little Rock, AR – Late last year, attorneys for ticket purchasers and vendors in lawsuits against various defendants over the cancelled “Thunder on the Mountain” festival that was to be held in June of 2015 near Ozark, Arkansas reached a settlement in principle regarding their claims against one of the promoters of the event.

Mr. Brett Mosiman managed a production company known as Backwood Enterprises LLC that was responsible for producing Thunder on the Mountain, which was to be headlined by such acts as Carrie Underwood, Zac Brown Band, and Big & Rich. In a separate lawsuit, Mosiman and Backwood allege that the Madison Companies and Horsepower Entertainment were controlling partner in the music festival.

“It appears that Mr. Mosiman was in large part a victim of unscrupulous practices of his business partners,” said Nate Steel, one of the attorneys for the class of ticket purchasers. “The real perpetrator here is the Madison Companies and Horsepower Entertainment, a venture capital group that we believe mislead ticket purchasers, vendors, and many others.”

The settlement, once finalized, must be reviewed and approved by the Court.