Ain't Nothing Like the Real Thing!: The Singing Machine Company To Release Original Motown Master Recordings for Karaoke.Business Editors COCONUT CREEK, Fla.--(BUSINESS WIRE)--Sept. 30, 2003 The Singing Machine Company (AMEX AMEX See: American Stock Exchange :SMD (1) (Storage Module Device) A high-performance hard disk interface used with minis and mainframes that transfers data in the 1-4 MBytes/sec range (SMD-E provides highest rate). See hard disk. ) announced today that under a licensing agreement with Universal Music Enterprises Universal Music Enterprises is the catalogue division of Universal Music Group. It includes Hip-O Records, Universal Chronicles and UM3 (which is the international label for UME). , it will release on October 15, 2003 an exciting new series that brings the original Motown artists home for karaoke fans. Original Artist Karaoke(TM) will be introduced in six separate volumes, for a total of 48 songs. Each of the songs on the CD+Gs (CD plus graphics), including all-time classics like "My Girl," "ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ," "Dancing in the Street," "Let's Get It On" and "Stop! In the Name of Love," features the original Motown instrumentation and background vocals. Each song will also be heard twice: the song with the original lead vocal isolated in one channel and the backing track in the other; and a second stereo mix of the song, allowing the karaoke fan to sing along with only the music and the background singers. The Singing Machine will introduce a co-branded player - a signature Motown karaoke machine in the likeness of a retro-style jukebox. The Motown machine is equipped with The Singing Machine's "auto voice control" technology, which allows singers to rehearse "I Hear A Symphony" with The Supremes or "The Tears Of A Clown" with Smokey Robinson & The Miracles. When the karaoke fan begins singing, the Motown lead disappears, giving the karaoke artist the solo lead. These CD+Gs are also compatible with most CD players. Other classic songs in the Original Artist Karaoke CD+G (CD+Graphics) An audio CD format that allows images to be stored in six of the eight subcode channels of the CD (P through W). Also known as the "R-W subchannels," because R, S, T, U, V and W are used, each of which can hold 4MB. series include hits by The Temptations, Jackson 5, Martha & The Vandellas, Marvin Gaye Marvin Gaye (born Marvin Pentz Gay, Jr.) (April 2, 1939 – April 1, 1984) was an American singer-songwriter, musician and performer who gained international fame as an artist on the Motown label in the 1960s and 1970s. (solo and with Tammi Terrell Tammi Terrell (born Thomasina Winifred Montgomery) (April 29, 1945 – March 16, 1970) was an American soul singer, most notable for her association with Motown and her duets with Marvin Gaye. ), Four Tops, Gladys Knight Gladys Maria Knight (born May 28, 1944 in Atlanta, Georgia) is an American R&B/soul singer, actress and author. She is best known for the hits she recorded during the 1960s and 1970s, for both the Motown and Buddah Records labels, with her group Gladys Knight & the Pips, the most & The Pips, Jimmy Ruffin, The Marvelettes, Mary Wells, Edwin Starr, Jr. Walker & The All Stars, Eddie Kendricks, The Originals, The Velvelettes, Isley Brothers, and The Elgins. "The release of the Original Artist Karaoke project is a milestone for the karaoke Industry," said Jack Dromgold, Executive Vice President of Sales and Marketing with The Singing Machine. "Karaoke music has hit the mainstream. These new CD+Gs will inspire amateurs and professionals alike with the actual Motown 'Hitsville' session recordings as their accompaniment tracks. The emotional connection to the original songs and performers is powerful and cuts across generations." The CD+Gs are expected to retail for $12.99. The Jukebox-style karaoke machine is expected to retail for $149.99. The CD+Gs and Motown karaoke machine will be available at electronics and music retailers nationwide. About The Singing Machine Founded in 1982, The Singing Machine Company develops and distributes a full line of consumer-oriented karaoke machines and music under The Singing Machine(R), MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. (R), Nickelodeon(R), Hard Rock Academy(R) and Motown(R) brand names. The first to provide karaoke systems for home entertainment in the United States, Singing Machine sells its products in North America, Europe and Asia. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about projected revenues, net income and net income per share. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the risk that we will not have sufficient funding to meet our working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. ; changes in demand for the Company's products; the impact of competitive products and pricing conditions in the karaoke industry and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports, including but not limited to the Company's Amended Annual Report on Form 10-KSB for the year ended March 31, 2003. In addition, such statements could be affected by general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. |
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