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Gold/Mining/Energy : MODERN RECORDS INC. (MZR.V & MDNR.OTC) -- Ignore unavailable to you. Want to Upgrade?


To: VIP Condo who wrote (99)5/21/1999 2:21:00 PM
From: Spiney  Read Replies (1) | Respond to of 188
 
UNIVERSAL MARKETING & ENTERTAINMENT, INC. CORRECTION TO ANNOUNCEMENT

Dated May 10, 1999

EDINA, Minn., May 12 /PRNewswire/ -- Universal Marketing &
Entertainment, Inc. (OTC Bulletin Board: UMEI) announces today a
correction from a previous announcement reported May 11, 1999. The
Company has an Agreement with Modern Records, Inc. to invest $1 million
in the upcoming Jackson's CD and future projects. The Company has the
opportunity to invest up to an additional $2 million subject to future
written agreements. The first $1 million has not been invested,
however is being worked on through a bank note for the Company.

 For Additional Information Contact: Arthur Carlson, CFO, 612-841-9500.
 SOURCE Universal Marketing & Entertainment, Inc.

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