ELine Music Enters Into Letter of Intent with iLive, Inc. for Joint Ventures in Live Music Concerts and Distribution via Pay-Per-View.Business Editors/Entertainment Writers NASHVILLE, Tenn.--(BUSINESS WIRE)--March 8, 2001 ELine Music Expands Into Live Entertainment and Pay-Per-View ELine Music.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ELNM) today announced that it has entered into a Letter of Intent to form a joint venture with iLive, Inc. (OTCBB:LIVE), a live event promotion company and producer / distributor of live and on-demand pay-per-view events. The basis of the Letter of Intent is for the two companies to co-promote live music concerts of national and up and coming artists and broadcast the performances on both companies' websites- www.elinemusic.com and www.ilive.com. The webcasts will be available for pay-per-view purchase using iLive's WEBPayPerView(tm) proprietary 24-hour cyberticket system. The live performances will be held at iLive's WEB Theatre's and other event venues across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "It's simple, ELine has access to hundreds of world renowned and emerging artists and iLive has the technology and video expertise to produce and distribute the live performances via television and Internet pay-per-view," said ELine President John P. Brancaccio. Brancaccio continued: "This joint venture will bring worldwide exposure to ELine Music and potentially increase our revenues. "We are pleased to be working with ELine Music. They give us access to a large array of musical talent that we can produce and sell though each others distribution channels," said Derreck Manteau man·teau n. pl. man·teaus or man·teaux A loose cloak or mantle. [French, from Old French mantel; see mantle.] , 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. , iLive, Inc. About ELine Music.com, Inc. ELine Music.com is an entertainment company that maintains an Internet presence designed to fit the needs of Independent Artists and Labels. The Web site network is an outlet for artists and companies seeking to sell their music, both domestically and internationally, through the Internet. ELine Music.com "Is not just a dot COM dot com - com Company." With a triple-platinum production team led by the CEO Sonny Paradise, they maintain a full-service recording studio in Nashville, Tenn. that provides all production and musical needs of Artists. Forward Looking Statement 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. in this release are based on current expectations, which may differ materially from actual results. Forward-looking statements include, without imitation, those regarding management's plans, objectives and strategy for future operations, product plans and performance, management's assessment of market factors, and future financial performance and fall within 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. provisions of 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. Among factors that could cause actual results to differ materially are changes in business conditions, changes in the telecommunications and Internet industry and the general economy; competition; changes in service offerings; risks associated with ELine Music.com's limited operating history; entry into developing markets and new product lines, and managing rapid growth; and risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , dependence on effective information systems, and development of the ELine network. |
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