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

To: TTfinancial who wrote (486)	1/14/1999 10:35:00 AM
From: FARcom	Read Replies (1) \| Respond to of 1431

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To: TTfinancial who wrote (486)	1/14/1999 10:55:00 AM
From: FARcom	Respond to of 1431

****NEWS*********** BW0072 JAN 14,1999 7:13 PACIFIC 10:13 EASTERN ( BW)(AZ-GENERATION-ENTERT)(GNEN) More Growth for Generation Record Labels Releases and Signings Signal Success in 1999 Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 14, 1999--Generation Entertainment Corp. (OTC BB:GNEN) has announced a spurt of new releases for its record labels, Copper Sun and Harvest Music, in the first half of 1999. At least 19 albums and 13 singles are ticketed for release in the 1st and 2nd quarters. Almost every type of music is represented in these new releases. Recent signings have resulted in 6 additions in the gospel genre alone. Bill Craig, the seasoned veteran who is president of the music division, plans to maintain a strong presence for the labels in both R&B and Jazz. Craig is also excited by the recent surge in sales for swing music. Noting the potential in that market, he has has signed a swing band from Pennsylvania; Rob Steinbeck Big Band. Craig, calling on his 33 years of success in the record industry, foresees a steady, strong growth for the labels. "I am projecting sales in the range of 3 to 3.5 million dollars in the first and second quarters," said Craig. He projects the revenues for the second half of 1999 will double to triple those first half numbers (6 to 15 million dollars). According to Craig, the strongest sales will likely be in R&B and Jazz, with Gospel continuing it's steady contribution and the newer Swing Band genre coming on strong as the year progresses. With all the expansion taking place, Copper Sun and Harvest Music must expand their facilities to match. As of Feb. 1, 1999, the labels will be occupying new offices in the Detroit area. The move will double the space currently occupied. Anticipating the increase in sales and marketing, the office staff will also be increased. 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. --30--aec/ix* CONTACT: Generation Entertainment Corp., Scottsdale 602/967-1717 KEYWORD: ARIZONA PENNSYLVANIA INDUSTRY KEYWORD: ENTERTAINMENT PRODUCT