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Gold/Mining/Energy : MODERN RECORDS INC. (MZR.V & MDNR.OTC) -- Ignore unavailable to you. Want to Upgrade?

To: B. Thomson who wrote (126)	7/20/1999 11:38:00 AM
From: Spiney	Read Replies (1) \| Respond to of 188

Modern Records' president default judgment voided Modern Records Inc MZR Shares issued 19,680,000 Jul 19 close $1.02 Tue 20 Jul 99 News Release Mr. Johan Grandin reports A court in New Jersey ruled on July 15, 1999, that the default judgment against Randy Jackson has been voided and vacated. Effectively, this means that Mr. Jackson is exonerated from any financial obligation to the plaintiff, HVV Corp. The ruling in New Jersey was in favour of Mr. Jackson, president and chief executive officer of Modern Records Inc. The New Jersey judge voided and vacated the default judgment against Mr. Jackson that was issued against him in 1996. The suit has been continuing ever since that time and has been quoted in the media around the world on many occasions, and, more noticeably, to Modern Records shareholders in the last couple of months. For more details about the suit, Modern Records refer to a live interview from June 22, 1999, with Randy Jackson on http://avnewswire/mdnr. Mr. Jackson says, "It has been tough to deal with this situation and I am pleased to have it all behind me. Now, I can focus more on the exciting issues at hand with Modern Records."