American Southwest Music Distribution Announces Name Change, Reverse Split.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Los Angeles, California independent record label American Southwest Music Distribution, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASWD ASWD Army Special Weapons Depot ASWD Anti Submarine Warfare Director (Australia, New Zealand) ASWD Automatic Smile When Driving ) announces its name has been changed from GL Energy & Exploration, Inc. American's stock trades on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the new symbol (ASWD). The company completed a merger with GL Energy earlier this year and has successfully formed a relationship with Universal Music, one of the top three music distribution companies in the world, to distribute American's records through their network of distribution channels. Over the next several years, American will cement a solid foundation for success based on their keen eye for talent, managerial expertise in the industry and grass-roots marketing principles. American also announces a 1-for-74 reverse split of its outstanding common stock. "One of our long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. is to create value for our shareholders while building a strong blueprint for success," said founder 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. David Michery. American will continue to seek top Hip-Hop, R&B and cross-over bands in an effort to build their brand while differentiating themselves from competitors. American's newest act Wine-O released a single titled "Pop My Trunk" which is enjoying its 16th consecutive week on Billboard's top 100 R&B singles. American Southwest Music Distribution is a dynamic growing company formed by music veterans David Michery and Robert Guillerman. Headquartered in Los Angeles, California, the company has formed a niche in the production, marketing and distribution of fresh musical talent via traditional and non-traditional vehicles. Please visit www.aswmd.com for more information and continuous artist updates. This press release contains certain forward-looking statements, defined by the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Laws of 1933, 1934 and 1995, that involve risk and uncertainties concerning the company's expected performance (as described without limitation throughout the release), as well as strategic operational plans. Actual results may differ materially from the results predicated and reported. Results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's ability to compete with new or existing competitors; risks related to the integration of acquisitions; risks related to the Company's international operations; failure to manage growth and diversification; adverse results in 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. , including intellectual property infringement claims; the Company's ability to protect its intellectual property and the value of its brands; dependence on key personnel; dependence on third parties for technology, services, content and distribution, and general economic conditions. |
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