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CONTINUUM RECORDING ANNOUNCES MERGER WITH MTG CAPITAL

 CONTINUUM RECORDING ANNOUNCES MERGER WITH MTG CAPITAL
 CRANFORD, N.J., Dec. 11 /PRNewswire/ -- Executives of Continuum


Recording Corporation, a New Jersey-based independent record company, and MTG Capital Corp., a Delaware public "blind pool" company, announced today that the two corporations had executed a merger agreement effective Dec. 9, 1991. Pursuant to the agreement, Continuum has merged into MTG, and MTG's name will be changed to Continuum Recording Corporation. As a result of a capital restructuring related to the merger, Continuum will have 3,709,149 shares of common stock and 100,218 warrants outstanding. The stock is traded in the over-the-counter market.
 The merger with MTG follows Continuum's acquisition last week of all the assets of BNM Corp., a New Jersey record promotion company which also publishes "On The Street" magazine, and three related companies involved in artist management, publishing and computer software development. Pursuant to that acquisition, Simon T. ("Tim") Brack, president of BNM Corp., has become president and chief operating officer of Continuum. Harrison Weaver, formerly president of Continuum, has become its chief executive officer.
 Weaver stated that Continuum views the transactions of the last few days as positive developments in the ongoing growth of Continuum as a participant in the music industry. Continuum's recent releases have included records by Charlie Watts of The Rolling Stones, jazz artists Red Rodney and Garry Dial, The Strawberry Zots, a New Mexico-based pop- rock group, The Exploited, a British punk era group, and other artists. Upcoming releases include a new single and album by the Detroit rap artists Kid Rock.
 -0- 12/11/91
 /CONTACT: Harrison Weaver of Continuum Recording, 908-709-0011/ CO: Continuum Recording Corporation; MTG Capital Corp. ST: New Jersey IN: ENT SU: TNM


SM-JT -- NY074 -- 1626 12/11/91 16:38 EST
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Publication:PR Newswire
Date:Dec 11, 1991
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