I like it: no further dilution to the shareholders and have a lot of cash!!!
Thursday June 11, 3:59 pm Eastern Time
Company Press Release
SOURCE: Genesis Media Group
Genesis Media Group Inc. Announces a Music Industry Acquisition
CULVER CITY, Calif., June 11 /PRNewswire/ -- Genesis Media Group Inc., (OTC Bulletin Board: GNNX - news), is pleased to announce
the acquisition of SRI Label Group, a privately held company that consists of a large music and video library, and is a music licensing
company.
Don R. Logan Chairman of the Board of Genesis Media Group Inc., will assign 250,000 shares of his personal common stock in Genesis for
the acquisition, so there will be no further dilution to the shareholders. In addition, Genesis will pay to SRI Label Group $90,000 over the next 12 months to complete the acquisition transaction.
A more detailed description of this acquisition will be forthcoming. This is one of many projects that the company is currently working on.
Genesis Media Group Inc., is in the business of Media Advertising and Placement, Telecommunications Marketing, and full entertainment
production services.
SOURCE: Genesis Media Group |
