X0202 4 2007-07-23 0 0000808918 ENTERTAINMENT DISTRIBUTION CO INC EDCI 0001370422 Chapman Capital L.L.C. 222 N. SEPULVEDA BLVD. EL SEGUNDO CA 90245 0 0 1 0 0001365418 Chap Cap Activist Partners Master Fund Ltd 222 N. SEPULVEDA BLVD EL SEGUNDO CA 90245 0 0 0 1 See footnote 0001365417 Chap Cap Partners II Master Fund Ltd 222 N. SEPULVEDA BLVD EL SEGUNDO CA 90245 0 0 0 1 See footnote Common Stock, par value $0.02 per share 2007-07-23 4 P 0 3800 1.89 A 7864624 I See footnote This Form 4 is being filed on behalf of Chap-Cap Partners II Master Fund, Ltd., and Chap-Cap Activist Partners Master Fund, Ltd., Cayman Islands exempted companies (collectively, "the Funds"), Chapman Capital L.L.C., a Delaware limited liability company ("Chapman Capital"), and Robert L. Chapman, Jr., an individual ("Mr. Chapman" and, together with the Funds and Chapman Capital, the "Reporting Persons"). All securities disclosed in this Form 4 are owned by the Funds managed by Chapman Capital. Robert L. Chapman, Jr. is the Managing Member of Chapman Capital. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), Chapman Capital and Mr. Chapman may be deemed to be the beneficial owners of the securities held by the Funds. Chapman Capital and Mr. Chapman hereby disclaim any beneficial ownership of all such securities for purposes of Section 16 of the Act, except to the extent of their indirect pecuniary interest therein. May be deemed to be a member of Section 13(d) "group" owning more than 10% of the issuer's common stock; disclaims beneficial ownership for purposes of Section 13(d) of the Act of shares of such common stock except to the extent reported herein. See Exhibit A - Joint Filer Information on Chapman Capital EDCI Schedule 13D dated June 18, 2007. Robert L. Chapman, Jr. 2007-07-24