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Microcap & Penny Stocks : Generation Entertainment (GNEN, GNEND) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Mohilner who wrote (1343)	7/13/1999 10:57:00 AM
From: FARcom	Respond to of 1431

Generation Entertainment Names New Interim President Business Wire - July 13, 1999 10:08 DETROIT--(BUSINESS WIRE)--July 13, 1999--Effective immediately, Generation Entertainment Corporation's (OTC BB:GNEN - news) Board of Directors has approved the appointment of CEO Samuel M. Rodenberger as Interim President. Generation Entertainment's Board of Directors is currently reviewing top name music industry candidates for the position of President. Mr. Warren Guth, former President, has resigned due to health reasons. Generation Entertainment would like to take this opportunity to thank Warren for his dedication and excellent work. The Generation Entertainment family wishes him well and knows that he will win this personal battle. Mr. Rodenberger stated that as both CEO and Interim President, he will continue the ongoing projects initiated by Mr. Guth and implement the strategic goals that the Board deems necessary to build the value of the company. "As these strategic plans are implemented we should see the stockholders in our company begin to see the timeliness of many of the new programs and structures," said Rodenberger. "The main focus of the company will remain the same, entertainment. But we are widening our distribution and marketing systems through greater use of e-commerce and the latest of audio technologies." Mr. Rodenberger also stated that one of his highest priorities for current and future investors is to consistently inform them as to the progress of the company. Corporate and investor information is currently being compiled, and will be available on each of the Company's websites at www.cdmusic.com and www.gnen.com. Additionally, a step towards better coordination and communication has been completed with the move of Generation Entertainment's corporate operations to Detroit, Michigan. Mr. Rodenberger has named Kirsten Schmidt as the new Investor Relations liaison. Ms. Schmidt will be handling all the public information duties effective immediately. She can be personally contacted by shareholders and all interested parties at 248-559-5572, and by email at kschmidt@gnen.com Forward-looking statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and noted technological change, the company's dependence upon third-party supplier, intellectual property rights and other risk detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. CONTACT: Generation Entertainment Corp Ms. Kirsten Schmidt Phone: 248/559-5572 e-mail: kschmidt@gnen.com