American company Butterfly International saved from bankruptcy.

IN A SURPRISE move American record label and distributor Butterfly International Distribution, which filed for bankruptcy at the end of 2004, has risen again. The company has been purchased by Nashville-based partners of Christian Network International Distribution (CNI), one of the largest independent Christian distribution companies in the US. The purchase includes 99 per cent of Butterfly's assets including master recordings, copyrights and products. CR

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