[Am-info] BayStar BayStar to file for a declaratory judgment against SCO

[Gene Gaines]

Fact.

Gene Gaines
gene.gaines@gainesgroup.com
Sterling, Virginia

Press Release   Source: BayStar Capital

Baystar Capital Announces Repurchase Transaction
With the SCO Group, Inc. Has Not Closed

Friday July 23, 1:56 pm ET


SAN FRANCISCO, July 23 /PRNewswire-FirstCall/ -- BayStar Capital
today announced that, despite a prior announcement by The SCO
Group, Inc. (Nasdaq: SCOX - News) to the contrary, the
transactions contemplated by the Stock Repurchase Agreement by
and between BayStar and SCO, dated as of May 31, 2004, have not
closed due to an unresolved dispute between the parties.

BayStar intends to file an action requesting a declaratory
judgment with respect to its rights under the Stock Repurchase
Agreement. Until a final determination is made by the court,
BayStar maintains its position as a Series A-1 Preferred
stockholder of SCO.