JBRD gets buy rating...
Tuesday July 21, 11:55 am Eastern Time
Company Press Release
SOURCE: J-Bird Music Group, Ltd.
Ray Dirks of Security Capital Trading, Inc. Recommends J-Bird Music
Group (OTC Bulletin Board: JBRD) as Strong Internet Growth Stock
WILTON, Conn., July 21 /PRNewswire/ -- J-Bird Music Group, Ltd. today announced that it has established an investment
banking relationship with the firm of Security Capital Trading, Inc. Ray Dirks, the well-known securities analyst, is currently
recommending the purchase of J-Bird stock, the Wilton, Connecticut-based Internet record label. This comes on the heels of
J-Bird's recent announcement of the signing of rock legend Billy Squier, who has sold more than 15 million records during his
illustrious career.
In a 14-page analysis of the company's two-year history and prospects, made public on July 13, 1998 by Security Capital
Trading, Inc., J-Bird Records is recognized as a company with ''huge potential that has not yet been discovered by the
investment community.'' The study concludes with the recommendation that ''shares of J-Bird are recommended for purchase
by very aggressive, long-term growth oriented investors who are seeking a low-priced stock that offers a considerable upside
potential.''
''We are extremely impressed with the innovative game plan of the company's dynamic leader, Jay Barbieri,'' said Dirks of
Security Capital Trading, Inc. ''The size and growth prospects of the CD segment of the recorded music market being
addressed by the company makes use of the Internet to gain exposure for new artists, as well as formerly successful ones, and
takes advantage of the already well entrenched recording industry marketing and distribution channels.''
''Although many Internet-based companies are currently celebrating tremendous success, I believe that continued growth is only
inevitable for those companies like J-Bird that own its content,'' said J-Bird Music Group's president and CEO, Jay Barbieri. ''By
having this recommendation, from Ray Dirks, it marks yet another step in our efforts to move toward expanding our impact on
the recorded music marketplace.''
In addition to its own record label, web site (http://www.j-birdrecords.com) and 24-hour Web radio station, J-Bird Music Group,
founded in 1996, has established a relationship with AT&T's a2b music service, whose web site will soon permit customer
access to J-Bird's artist music. J-Bird has also entered into a national distribution agreement with Navarre Corporation
[Nasdaq:NAVR - news], one of the United States' largest distributors of music to retail outlets. Their 50,000 accounts include
Best Buy, Blockbuster, Borders, Circuit City, HMV and Tower.
The full report and analysis can also be accessed at raysearch.com.
SOURCE: J-Bird Music Group, Ltd.
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