To: Tracy Moore who wrote (102 ) 12/2/1998 1:04:00 PM From: Tracy Moore Read Replies (3) | Respond to of 3517
Interday pick!!! MDNR!!!! Its a THRILLER... and BAD like Michael Jackson... Volume just busted out on this sure-fire record company run by none other than the Jacksons!!! Have been accumulating since last month- already up 50% since a big deal was announced and headed for TEN BAGS FULL:exchange2000.com They just brought on board a high-powered Disney exec with mucho financial connections and are about to close a $10 million deal... that will close within 3 weeks... but the volume today indicates much sooner- its time to MAKE THE PLAY and GO WITH A WINNER- the Jacksons!!!: Wednesday November 18, 1:51 pm Eastern Time Company Press Release Modern Records Inc. Announces Letter of Intent for US $10 Million LOS ANGELES--(ENTERTAINMENT WIRE)--Nov. 13, 1998--Modern Records, Inc. (VSE:MZR.V)(OTC BB:MDNR) is pleased to announce it has entered into a nonbinding letter of intent for an advance of US $3,000,000 to Modern Records in connection with profit participation in a specific project that Modern Records is currently negotiating. The letter of intent provides that if certain conditions are satisfied, the amount of such advance could increase to up to $10,000,000. The investment group has advised that the first US $3,000,000 are available which will assist Modern Records to act upon and execute immediately, any agreements that are made. The completion of the negotiations under the terms of the letter of intent is to be no more than 45 days after November 10, 1998. Modern Records will announce the project being negotiated as soon as an agreement has been entered into. However, there can be no assurances that a definitive agreement relating to the transaction will be entered into or consummated on terms acceptable to Modern Records. Randy Jackson, President of Modern Records says, ''This financing enables us to pursue the engagement of several artists who will contribute to our goal to make Modern Records the most dynamic independent label in the recording industry.'' ON BEHALF OF THE BOARD ''Randy Jackson'' President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy and/or accuracy of the contents of this news release. Contact: Modern Records Randy Jackson Phone: 310-285-5370 Fax: 310-285-5349