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Technology Stocks : PTET - Platinum Entertainment...the next KTEL??? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trivett who wrote (70)	2/24/1999 10:49:00 PM
From: PAT JENNING	Respond to of 167

RESEARCH ALERT - Platinum Ent. <PTET.O> upgraded CHICAGO, Feb 24 (Reuters) - Barrington Research Associates analyst James Goss said Wednesday he is raising his rating on Platinum Entertainment Inc. to strong buy from long-term buy following recent weakness in the stock price. "The stock price has faded to a level that provides significant upside to our target price," he said, noting his target price of $11.50 is more than 80 percent above the level at which the company is currently trading. Shares in Platinum Entertainment, which produces and distributes recorded music, were trading up 1/16 at 6-3/16 on Wednesday. Goss, however, revised his 1998 estimate downward to a loss of $2.50 a share from a loss of $1.75 a share. The change partly reflects fallout from Universal's acquisition of PolyGram, which had a distribution relationship with Platinum for its first line releases. Universal Music Group parent Seagram Co. Ltd. <VO.TO> purchased music giant PolyGram NV in a $10.4 billion deal late last year. He noted the company is recording a charge, which he estimated at about $0.20 a share, in the fourth quarter to establish a new distribution center in Atlanta, Ga. 18:53 02-24-99

To: Tom Trivett who wrote (70)	2/24/1999 10:51:00 PM
From: PAT JENNING	Read Replies (1) \| Respond to of 167

Otis Rush Wins GRAMMY Award For Best Traditional Blues Album LOS ANGELES--(ENTERTAINMENT WIRE)--Feb. 24, 1999--"Any Place I'm Going," guitar legend Otis Rush's acclaimed debut on the House of Blues Music label, was awarded a GRAMMY for Best Traditional Blues Album, at ceremonies this evening in Los Angeles. "We are extremely happy for Otis Rush," said Steve Devick, president and CEO of Platinum Entertainment, Inc., parent company of the House of Blues Music label. "Hopefully this industry recognition will result in greater awareness of his legacy and current contributions to the blues." Rush won the GRAMMY over nominated albums by John Hammond, Robert Lockwood, Jr., Luther "Guitar Junior" Johnson and "A Tribute to Howlin' Wolf." Recorded in Memphis, Tennessee, with co-producer Willie Mitchell, Rush's muscular vocals and visceral left-handed solos dominate his original tunes "Keep On Loving Me Baby," "Looking Back" and the title track, penned with acclaimed Grammy-winning songwriter Will Jennings. The album also includes songs written by R&B legends Marvin Gaye ("Pride and Joy") and Sam Cooke ("Laughin' and Clownin'"). Since 1956 Rush has been an international figure in the blues world. Along with contemporaries, Magic Sam and Buddy Guy, Rush has been heralded as a pioneer of Chicago's "West Side Sound," and has inspired the careers of such rock superstars as Eric Clapton, Jeff Beck, Carlos Santana and the late Stevie Ray Vaughan. Rush is praised by The Riverfront Times as "an architect of the latter-day Chicago blues . . . the logical progression beyond Muddy Waters." Pulse magazine called "Any Place I'm Going" Rush's best performance in more than 20 years, his "deep, robust near-shout, summoning up flame from his belly." Platinum Entertainment, based in Downers Grove, IL, produces, licenses, acquires, markets and distributes high quality recorded music on the House of Blues, River North, CGI Records and Intersound labels. Platinum's products include new releases from emerging and established artists in the adult contemporary, gospel, blues, urban, country and classical music genres, as well as compilations that enable Platinum to exploit its catalog of master recordings.