American Southwest Music Distribution Obtains Shareholder Approval for Ultimate Sports Merger.Special Shareholders Meeting Rescheduled for April 18, 2008 HOLLYWOOD -- The Board of Directors of 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 ) today announced that both companies have obtained majority shareholder approval regarding the merger of American Southwest and Ultimate Sports Entertainment Sports entertainment is a type of of entertainment that takes the form of a sporting event, but with more emphasis on dramatic storylines, humor, spectacle or titillation than on a contest of athletic skills. , Inc. As previously announced, the combined company will be renamed Ultimate Sports Resort, Inc. A Special Shareholders Meeting has been rescheduled for April 18, 2008, at the Radisson Hotel in Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , CA at 9:30 AM. The Meeting, for information purposes only, is open to all shareholders. David Michery, President of American Southwest, and Matt Rose, President of Ultimate Sports, will be in attendance. The required Schedule 14(c) Information Statement has been filed with the Securities and Exchange Commission and will be forwarded to all shareholders of record March 7, 2008 within the next week. "We are extremely excited to bring this merger to a successful conclusion in the very near future," stated David Michery, President of American Southwest. "The planned Ultimate Sports Resort, in North Las Vegas North Las Vegas, city (1990 pop. 47,707), Clark co., SE Nev., a residential suburb of Las Vegas; inc. 1946. Tourism is the economic mainstay of this growing suburb. The city's population more than tripled between 1990 and 2003. , will become the premier family and sports vacation destination in the Greater Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. area and we are confident that our shareholders will reap the benefits of this combination over the next several years." Pending comments from the Securities and Exchange Commission, the merger will become effective within 20 days of notification of all shareholders as of the March 7, 2008 record date. About American Southwest Music Distribution, Inc.: American Southwest Music Distribution, Inc. (www.aswmd.com) is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. partnering with Universal Records, a division of UMG UMG Universal Music Group UMG Universidad Mariano Gálvez de Guatemala (Mariano Galvez University of Guatemala) UMG Upgraded Metallurgical Grade (silicon) UMG Unlicensed Medical Graduate Recordings Inc., to form a niche market in the production, marketing and distribution of fresh musical talent via traditional and nontraditional vehicles. About Ultimate Sports Entertainment, Inc.: Ultimate Sports Entertainment, Inc. (www.ultimatesportsresort.com) is a privately held Nevada corporation in the business of developing and building an all encompassing total sports experience -- "The Ultimate Sports Resort." Components of the planned facility will include sports venues, sports activities, "Hall of Fame" quality sports memorabilia, 5,152 hotel rooms, 1 million sq. ft. of convention space and 500 luxury condominiums. Disclaimer: The Company relies upon 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 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; 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. ; competition; and other factors which may be identified from time to time in the company's public announcements. |
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