Tuesday June 16, 9:30 am Eastern Time
Company Press Release
SOURCE: Genesis Media Group Inc.
Genesis Media Group Inc., Announces an Update on SRI
Label Group, Acquisition.
CULVER CITY, Calif., June 16 /PRNewswire/ -- Genesis Media Group Inc., (OTC Bulletin Board:
GNNX - news), as previously announced, Genesis has acquired all the assets and licensing
agreements of SRI Label Group, a privately held company.
Don R. Logan, Chairman of the Board of Genesis Media Group Inc., will assign 250,000 shares of
his personal common stock in Genesis for the acquisition, so there will be no further dilution to the
shareholders. In addition, Genesis will pay to SRI Label Group $90,000 over the next 12 months to
complete the acquisition transaction.
Some of the assets include: approximately 140 various audio tracks that include such artists as,
Johnny Cash, Chuck Berry, Nat King Cole, Jefferson, Janice Joplin, Big Joe Turner, Fats Domino,
Count Basie, Glen Miller, Benny Goodman, Frank Sinatra, Wille Nelson, Neal Sedaka, Freddy
Fender, Glenn Yarborough, Hall and Oats, Rod Stewart, Duke Ellington, Quincy Jones, Al Jarreau,
and many, many more. There is also approximately 140 Judy Garland tracks that consists of many of
her hottest releases. Also included in the audio library are 22 classic fairy tails, such as; Aladdin and
his Magic Lamp, Cinderella, Sleeping Beauty, Snow White and the Seven Dwarfs, just to name a
few.
There is also an extensive video library that includes video's such as; Judy, Frank and Dean, Judy
Garland the Concert Years, Judy Garland and Friends, Judy and Liza live at the London Palladium,
Opening of ''A Star is Born,'' plus 26 one hour shows.
As part of the acquisition, Genesis has retained the services of Shelly Liebowitz. Mr. Liebowitz is a
veteran of more than 30 years experience in the entertainment industry. His background includes
experience as a performer, writer, director, record promoter, record producer, personal manger, and
as an executive at various recording and publishing company's.
For information please contact: Howard Haber - Genesis Media Group Inc.
SOURCE: Genesis Media Group Inc. |
