Blue Moon Group Inc. Receives $5,000,000 Equity Investment.Entertainment Editors/Business Editors NEW YORK--(BUSINESS WIRE)--April 1, 2004 Grove Street Capital is pleased to announce that it has agreed on a US $5,000,000 equity investment with Blue Moon Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BMOO). At the mutual option of Grove Street Capital and Blue Moon Group Inc. the equity investment may be increased to $7,500,000. About Blue Moon Group: Blue Moon Group is a holding company with subsidiaries providing services to the music, entertainment and film industries. It is an emerging music and entertainment company engaged in the development, production and distribution of various types of music including pop, rock, R&B, hip hop hip-hop or hip hop n. 1. A popular urban youth culture, closely associated with rap music and with the style and fashions of African-American inner-city residents. 2. Rap music. adj. , dance and country. Blue Moon is managed by a group of leading artists and producers who bring years of experience, having been involved with influential recording artists in the music industry. Blue Moon Group has recently signed a music distribution deal with Brody/Sony Red. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in 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. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors 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. created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results |
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