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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (13871)	8/25/1999 1:37:00 PM
From: RCJIII	Respond to of 52051

SW, don't miss PSDE, undiscovered Pokemon play finally moving. Paradise's Rave Orchestrating Pokemania NEW YORK--(ENTERTAINMENT WIRE)--July 15, 1999--Paradise Music & Entertainment, Inc. (NASDAQ:PDSE - news) announced today that its Rave Music division is capitalizing on its musical involvement with the international kids' phenomenon, Pokemon. The soundtrack album, 2.B.A. Master, from the top-rated Pokemon syndicated television series (which airs six times per week on the WB network), was produced and co-written by Paradise Chairman Emeritus and Rave Music CEO John Loeffler, and his talented team of artists. The album was released two weeks ago and is rapidly ascending the Billboard charts, with 250,000 units already shipped. According to Soundscan, the CD has risen to number three on the Children's chart. John Loeffler, commented, ``The opportunity to reach millions of kids around the world with our music - through records, film and television - is one of the most exciting projects of my career. We are pleased that Pokemania continues to build.' John Loeffler and Ralph Schuckett of Rave are presently working on the score for Pokemon The Movie: Mewtwo Strikes Back, the first animated Pokemon feature film. They are also contributing songs to the movie soundtrack on Atlantic Records. The big-screen version will open in North American theaters on November 12, with distribution in the rest of the world to follow. The popularity and momentum of Pokemon is also sweeping through the nation's malls. More than 55,000 Pokemaniacs and their Pokeparent chaperones jammed Minneapolis' Mall of America July 10-11, kicking off the Pokemon Summer Training Tour '99. Devoted fans turned out in force to compete in Nintendo Game Boy tournaments, play the Pokemon Trading Card Game and to enjoy other special events. The Tour is making its way across the country, and is slated to run through mid-September. The Pokemon phenomenon began in Japan as a game for Nintendo's Game Boy portable video game system before capturing the attention of America. Its huge popularity prompted the creation of a Pokemon television series, which became a tremendous success in Japan. The phenomenon spread to the United States, where Nintendo has now sold more than 2.8 million units of the game, topping industry sales charts. About Rave Music Rave has produced musical themes for: popular sitcom Kate and Allie; long-running daytime soap Another World (sung by country star Crystal Gayle); a host of sports-related events and themes - including US Olympic Gold, the nationally syndicated TV series previewing the 2000 Summer Games in Sydney, Australia and the Opening Theme for the New York Rangers professional hockey club; and, numerous commercials for national advertisers/brands such as Mobil, Hershey Chocolate, Slim Fast, Downy Fabric Softener and Aiwa. Rave was also recently commissioned to compose music for the prestigious Jefferson Awards honoring Americans for outstanding public service contributions and accomplishments. About Paradise Music & Entertainment Paradise Music and Entertainment, Inc. is an artist-centric producer of music, entertainment and media content. Its divisions include (i) PUSH Records (independent record label teamed with V2 Records), (ii) Picture Vision (film, television and music video production company), (iii) All Access Entertainment Management Group, Inc. (music artist management), and (iv) Rave Music (commercial music/film score producer). Paradise has also agreed to acquire Straw Dogs (television commercial production company) subject to execution of definitive agreements and stockholder approval. Legal Disclaimers: This Press Release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements. The forward-looking statements contained herein represent the Company's judgment as of the date of this report hereof, and the Company cautions readers not to place undue reliance on such statements. RCJIII