Modern Records Signs Corporate Development Contract In Efforts to Expand the Company's US Presence
Tuesday, March 21, 2000 12:52 PM Mail this article to a friend
BEVERLY HILLS, Calif., March 21 /PRNewswire/ -- Modern Records, Inc. (OTC Bulletin Board: MDNR) (CDNX: MZR.V), a leading full service music company that produces, licenses, acquires, markets and distributes high quality recorded music, announced today that it has retained the services of Colorado based, The MicroCap Analyst. The MicroCap Analyst is a Business Development Consulting Group providing client services focusing on: Corporate Imaging Programs, Internet Design and Development Programs, Mergers and Acquisition Consulting Services, and Publicity and Investor Relations Programs. Modern Records has rapidly emerged as one of the largest independent record labels in the United States, since being founded in 1980, by Paul Fishkin, Stevie Nicks and Danny Goldberg. The Company has established a proven track record of signing and successfully producing nationally known artists and now believes it has a unique opportunity to establish the Company as the most dynamic independent label in the recording industry.
"Modern Records has made significant progress during the last six months in its effort to develop its core businesses, enhance the Company's corporate image and build brand awareness among consumers. With the help of The MicroCap Analyst group, we will be able to execute our business strategy more effectively, take advantage of our current business opportunities and also deliver our message to much broader audience," stated Randy Jackson, Chairman and CEO of Modern Records.
Modern's business strategy going forward is to grow aggressively through the expansion of its core businesses, including the production and development of sound track recordings for the motion picture and television industries. The Company also intends to pursue additional growth opportunities, such as acquisitions and through the development of its extensive Internet based distribution operations.
Ronald Blekicki, President of The MicroCap Analyst, and his Company have over 20 years of business development and investment banking experience working with emerging growth companies throughout North America. In addition to its investment banking and business development activities, the Company's investor relations programs have also been very effective in helping undervalued, under-followed public companies gain exposure to individual and institutional investors in the domestic and international stock markets.
The contract is for an initial three months with a monthly retainer of $20,000.
ON BEHALF OF THE BOARD OF DIRECTORS
RANDY JACKSON
Chairman & CEO
This announcement contains forward-looking statements within the meaning of the "safe harbor" visions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward looking statements. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and/or accuracy of the contents of this release.
SOURCE Modern Records, Inc.
CONTACT: Russ Regan of Modern Records, Inc., 310-285-5350; or Ronald Blekicki of The MicroCap Analyst, 303-641-3617
Quote for referenced ticker symbols: MDNR
¸ 2000, PR Newswire
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