226 Music Group, Inc. Signs a 3 Year North American Distribution and Marketing Deal With Sony Corporation's RED Distribution and RED Ink.DALLAS -- 226 Music Group, Inc. (Pink Sheets:TTMG) is pleased to announce that the company signed a distribution and marketing agreement with Sony owned RED for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. retail distribution and RED Ink red ink Health administration A popular term for financial losses. Cf in the Black. for North American marketing services. The initial three year contract provides for distribution and marketing services in retail music stores including Tower Records, Virgin Megastores Virgin Megastores is an international chain of record shops, founded by Sir Richard Branson on London's Oxford Street in January or February 1971 (exact date uncertain). In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. , FYE FYE For Your Entertainment FYE First Year Experience FYE Fiscal Year End FYE Funding Your Education FYE For Your Eyes (CSD-TV magazine) FYE For Your Enjoyment FYE Full Year Effect FYE First Year Enrichment FYE For Your Edification , Musicland, Sam Goody Sam Goody is a music and entertainment retailer in the United States and formerly in the United Kingdom. It is owned and operated by Musicland, which itself is owned by former rival Trans World Entertainment which also runs Suncoast Motion Picture Company and, until January 2006, and mass merchandisers such as Target, Best Buy and Walmart. In addition to the traditional retail distribution afforded to 226 by RED, a large percentage of CDs will be sold online as well and RED's digital division will sell 226 music via electronic download. About the record business in North America According to the RIAA (Recording Industry Association of America, Washington, DC, www.riaa.com) A membership association of music recording companies. Its goal is to promote the record label industry and protect the rights of copyright owners. It was a major contributor to the SDMI digital distribution system. in 2003, the US record industry sold over $11 billion in CDs. Rock music accounts for over 25% of sales, far and away the largest segment of recorded music market. In 2004 Independent labels, according to Billboard Magazine, accounted for 15.8 percent of current CD sales up from 14.3 percent in 2003. About 226 Music Group, Inc. 226 Music Group, Inc. is a multi-faceted entertainment company encompassing a traditional independent record label, artist management company and on-line division providing music and entertainment over the Internet. 226 Records is an independent record label that produces, licenses, acquires, promotes and distributes high quality recorded music for a variety of formats. 226 Music Group specializes in developing, utilizing and marketing technology systems to deliver music in a digital format to the end consumer in an expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex and cost effective manner. These two divisions of 226 will be integrated to accommodate the rapidly changing methods of promoting and delivering music for the consumer market. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, demand for sensors produced by the joint venture, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. |
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