Don King Productions issued a press release yesterday stating the company had a valid promotional contract with heavyweight boxer John Ruiz. Upon further review, Don King has learned that Ruiz’s contract with DKP has expired. “My boxing department had advised me my contract was still active, which turned out to be incorrect,” King said. “I apologize to John, his representatives, boxing fans and members of the media for making this mistake.” King explained that he was told that Ruiz had signed a three-year contract extension when in fact it had only been for two years. “When I was told this morning of this error, I immediately wanted to get the correct information out,” King said. “John had been with me since 1998, and I would prefer to see him stay with me, but he is free to do as he sees fit. I wish him well.”