 On April 7, 2007 pursuant to a Resolution of the board of directors of Stan Lee Media Inc. of Colorado John Petrovitz was elected to the board of directors of the Company and appointed President of Stan Lee Media Studios, Worldwide.On June 9, 2007, Peter Paul and his associates filed suit against POW Entertainment, Stan Lee, and other former executives of Stan Lee Media, accusing them of improperly transferring assets from SLM's bankruptcy to start POW Entertainment in November 2001 without the knowledge of the Bankruptcy Court or creditors of SLM.In July, they filed suit in California.