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Microcap & Penny Stocks : PNEC - Planet entertainment ready to spin gold

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To: rharris who wrote (102)5/5/1998 11:05:00 AM
From: R.STOCKS  Read Replies (1) of 221
 
Planet Entertainment and JAD RecordsSign Agreement for Planet Studios to Produce Next Eight Bob MarleyAlbums
May 4, 1998 12:45 PM

MIDDLETOWN, N.J.--(BUSINESS WIRE)--May 4, 1998--Planet Entertainment Corp. PNEC announced today that it has signed a production agreement with JAD Records to produce the next eight Bob Marley audio CDs at Planet Studios to begin immediately. Danny Sims, president of JAD Records, has established a permanent mark on today's music scene through his pioneering work with such legendary figures as reggae king Bob Marley, and R & B stars Michael Jackson, Cameo and Johnny Nash. In October 1972, JAD Records and their distributor, CBS, assigned their contract with Marley to Island Records, with Sims remaining publisher of all Bob Marley and The Wailers songs. As Marley's fame grew, Sims remained involved with various other aspects of his career, directing several tours and finally assuming a co-managerial role in 1980 with Alan "Skill" Cole until Marley's untimely death a year later. The music that resulted from these early sessions is as much a product of Marley's creative genius as the production and A & R vision of Sims and his engineer at the time, Joe Venneri, currently the president of Planet Entertainment. Sims plans to release the cream of over 200 masters recorded by Marley during his formative years. The masters contain previously unheard or unreleased material, forming the basis of JAD's planned output over the next few years including SOUL ALMIGHTY: The Formative Years Vol. I (audio and enhanced CD) that was produced in Planet Studios last year. Joe Venneri, president of Planet Entertainment, stated, "The reunion between Planet Entertainment Studios and JAD Records to produce the next eight Bob Marley albums is just the beginning of Planet being recognized not only for its catalog content but as a producer of new artists and new products."

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