UNIVERSAL MARKETING & ENTERTAINMENT, INC. ANNOUNCES THE PARTICIPATION
WITH
Modern Records, Inc. and the Jacksons
EDINA, Minn., May 11 /PRNewswire/ -- Universal Marketing &
Entertainment, Inc. (OTC Bulletin Board: UMEI) announced today that the
Company has invested $1 million in Modern Records, Inc. to participate
in the upcoming Jackson's CD and future projects. The Company can
invest up to an additional $2 million in the CD production. The CD
will include the Jackson brothers, Randy, Jackie, Jermaine, Tito,
Marlin and Michael. Michael has stated he will do three cuts on the
CD. The Jackson's last CD was produced in 1985 in which approximately
8 million copies were sold. They followed up the CD with a six month
tour in the United States. Mark Olson, President of Universal stated,
"We will take full advantage of the situation by investing an
additional $2 million sometime over the next ten days." For each $1
million invested, the Company will receive a maximum of $1,666,666
returned on the CD project. "We are very excited to have the
opportunity to participate with Modern Records and the Jackson's on the
CD and we anticipate other significant opportunities developing out of
this relationship over the next few weeks. We believe Modern Records
will be a major player in the recording business," stated Olson.
Universal Marketing & Entertainment, Inc. presently promotes tours,
concerts and live shows in Las Vegas and around the country. The
Company is presently producing for the Hilton Hotels (HTL) at the
Flamingo Hotel & Casino in Las Vegas. Universal will be rolling out
the "Legends of Basketball" tour in July of 1999 and Mickey Stevenson's
"The Original Motown Artists Review." The Company is also producing a
live show concert for DaimlerChrysler Corporation (DCX) in August 1999.
The information and data contained herein was prepared from
sources which the Company believes to be reliable, but is neither
all-inclusive or guaranteed by management. Opinions presented here
represent their current judgment and are subject to change without
notice. This material is informational in nature and not a
solicitation to by or sell securities mentioned. Statements made
herein that are not historical facts may be forward-looking statements.
Actual results may differ materially from any forward-looking
statements.
SOURCE Universal Marketing & Entertainment, Inc.
-0- 05/11/99 /CONTACT: Arthur Carlson of
Universal Marketing & Entertainment, 612-893-2935/
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this just arrived in my e-mail...
I wonder why this wasn't announced through Stockwatch?
spiney |
