Filings:
freeedgar.com
Websites:
companysleuth.com
On June 28, 1999 the Company announced it had signed a letter of intent to acquire Renaissance Records, located in Nashville, Tennessee. The acquisition will be treated as a purchase and is not material in the consolidated results of the Company.
PNEC has exclusive rights to approximately 5,000 master recordings, and subsequently acquired non-exclusive rights to an additional 10,000 master records, which rights are now owned by the Company.
The Company is currently involved in various areas of the recorded music industry. The Company's principal business, primarily through NEOS, is the wholesale distribution of pre-recorded music in the form of compact diskettes ("CD's"), cassette tapes, and other entertainment related products such as video tapes, Digital Video Diskettes ("DVD's"), and to a much lesser extent music or
entertainment related apparel, such as T-shirts. |
