Acacia Research Subsidiary Names Bhaskar Menon, Former Chairman and CEO of EMI Music Worldwide, to Its Board of Directors.PASADENA, Calif.--(BUSINESS WIRE)--Sept. 29, 1999-- Acacia Research Corp. (NASDAQ/NM:ACRI) announced today that subsidiary Soundbreak.com has named Bhaskar Menon, former chairman and chief executive officer of EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Music Worldwide, to its board of directors. Menon has also served as a director on the boards of EMI Limited and Thorn EMI plc, the chairman and president of the International Federation of the Phonographic Industry (IFPI IFPI International Federation of the Phonographic Industries IFPI International Federation of Pirates Interests IFPI Indiana Fiscal Policy Institute IFPI Intrinsic Fabry-Perot Interferometer IFPI Imaging Fabry-Perot Interferometer ), and a director of the Recording Industry Association of America (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. ). As its first chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Menon formed EMI Music Worldwide in 1978, which brought together under his unified global management all of EMI Group's records and music publishing The contractual relationship between a songwriter or music composer and a music publisher, whereby the writer assigns part or all of his or her music copyrights to the publisher in exchange for the publisher's commercial exploitation of the music. interests throughout the world. EMI Music Group, with operations in 46 countries, is one of the leading music companies in the world. Menon has served as chairman and president of IFPI with 1,100 members and national groups in 71 countries. He was awarded the IFPI "Medal of Honour The Medal of Honour (Chinese: 榮譽勳章, MH) is part of honour system in Hong Kong. It was created in 1997 to replace the British honours system after the transfer of sovereignty to People's Republic of China and the establishment of Hong Kong Special " in recognition of his services to the worldwide music industry. He also served as a director of RIAA for 19 years. Menon was appointed to the rank of "Chevalier De L'Ordre Des Arts Et Des Lettres" (Knight in the Order of Arts and Letters Arts and Letters (1966-1998) was an American Hall of Fame Champion Thoroughbred racehorse. Owned and bred by American sportsman, and noted philanthropist Paul Mellon, and trained by future Hall of Famer Elliott Burch, the colt began racing at age two. ) by the French Minister of Culture. The Order is one of the principal decorations conferred by the French Republic to honor individuals who had distinguished themselves by their contributions to the influence of the arts and literature internationally. Menon is chairman and CEO of I.M.I. Inc. (International Media Investments) based in Beverly Hills, Calif., providing investment support and consultancy services for new and developing creative ventures in the entertainment, media and leisure businesses. He serves as a director on the boards of corporations in the United States, Europe and Asia. "We are honored to have Bhaskar Menon join Soundbreak's board of directors. His extensive knowledge of the worldwide music market will be invaluable to Soundbreak as the music industry enters the Internet age," stated Acacia Research CEO Paul Ryan. Menon stated: "I am delighted to be associated with Paul Ryan and the exciting future of Soundbreak. It is particularly pleasing to be working again with former Capitol colleagues Walter Lee, David Kronemyer and Kathryn King-Van Wie." Soundbreak, with facilities in Hollywood, Calif., is preparing for the launch of its "live" Internet site for youth-oriented music. Soundbreak plans to provide an interactive "lifestyle" site that will combine a 24-hour World Wide Web cast highlighting new music hosted by on-air DJs with rich graphics, a music and merchandise store, on-demand music videos, and other elements. Following the initial launch, features will be added to the Web site, including e-commerce, by the end of the year. Acacia Research owns 99 percent of Soundbreak.com. Acacia Research Corp. is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with interests in several enterprises -- CombiMatrix Corp. (biochips/drug discovery technology), Greenwich Information Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (video and audio-on-demand technology), MerkWerks Corp. (software development), Signature-mail.com llc (personalized e-mail service), Soundbreak.com Inc. (Internet music and e-commerce), Soundview Technologies Inc. (V-chip technology), and Acacia Capital Management (investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal ). This release contains forward-looking statements within the meaning of the "safe harbor" provisions 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 statements address future events and conditions concerning Soundbreak's business plan, capital expenditures, technological developments, development of on-air talent and content, and the markets for products and services. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties, such as future economic conditions, changes in consumer demand, legislative, regulatory and competitive developments, and other circumstances affecting anticipated revenues and costs, which may cause actual results to differ materially. The company expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein. |
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