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

To: firefly who wrote (1395)	9/14/1999 9:53:00 AM
From: FARcom	Respond to of 1431

Generation Entertainment Completes Acquisition of E Music Productions, Inc., Creating History Business Wire - September 14, 1999 06:14 DETROIT--(BUSINESS EDITORS)--September 14, 1999--Generation Entertainment Corporation (OTC BB: GNEN) announced today that it has signed the final agreement for the purchase of E Music Productions, Inc. This acquisition marks the Company's commitment to meeting the challenges that have been developing in the recording industry, and is historical in scope by changing the way music artists are brought to the marketplace, promoted and ultimately retailed. The greatest change will be in the access thousands of artists will have to vast audiences of consumers. "Never again will an artist's music fall prey to the mercy of a handful of so-called experts who pass judgement on their work," stated Sam Rodenberger, CEO of Generation Entertainment Corporation. "The consuming public will now determine what music will become 'hits' for the first time in the history of the music industry and for any recording label." As stated in a report on the benefits of this history-making deal, "The Internet is fast becoming the retailer of choice. More than 300 million people worldwide are on-line every day. In North America alone, more than 55% of the population is on-line, and are spending a record $28.9 billion annually on Internet purchases. The current projections for spending by the year 2003 is $654.3 billion annually." For the detailed report, visit www.gnen.com. "Based upon the statistical numbers stated in the report," Rodenberger continued, "should the new entity that is now Generation Entertainment even get the smallest market share, the figure will be staggering." 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 technological change, the company's dependence upon third-party suppliers, 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. Tahnee Burger, 917/677-0547 e-mail: info@gnen.com