Entertainment, high-tech companies announce plans to merge prior to IPO.TROY, Mich.--(BUSINESS WIRE)--Jan. 16, 1996--Quatrophonic Music Corp., a new global record and music video company, announced today its intent to acquire a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in NAMS NAMS North American Menopause Society NAMS National Association of Marine Surveyors NAMS National Agricultural Monitoring System (Australia) NAMS National Agenda for Motorcycle Safety NAMS Native American Management Services International Inc., an Internet distributor of interactive music videos and computer software products. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Quatrophonic Founder and Chief Executive Officer Michael Quatro, the acquisition will create a "marriage of entertainment and web technology" in a combined organization that owns copyrighted records, artists and video content as well as a high-tech delivery, promotion and sales order The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. system. Initial backing and the impetus behind the merger is being provided by J.E.A. Enterprises, L.L.C., a newly formed private investment firm specializing in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends , mergers and divestitures of small- to medium-capital companies. The firm is headed by Joseph Antonini, former chairman, president and chief executive officer of Kmart Corp. Quatrophonic Music Corp. will hold a 76 percent interest in its new subsidiary upon completion of the transaction. Quatrophonic and NAMS currently are reviewing additional funding alternatives, including a proposed initial public offering, to facilitate 1996 marketing, distribution and sales of existing and developing products worldwide. "NAMS will provide Quatrophonic artists and products with on-line access via the World Wide Web to the marketplace of the future," Quatro said. "Our customers will enjoy direct interactive access to the specific records, artists, music videos and other products they want when and where they want them. Quatrophonic's potential will be further enhanced by the promise of future software inventions and services generated by NAMS. Essentially we will become an on-line record and music video mall that packs the marketing punch of television. A global 800-line fulfillment center completes the distribution picture." "A few companies are attempting the distribution of LIVE digital video through the Internet today using standard modem connections, which amounts to little more than a slide show," added Greg Loveria, president and founder of NAMS, who will join Quatrophonic's management team when the acquisition has been finalized. "We offer downloadable motion video files as shareware that transfer seven times faster than conventional video files currently found on the Internet. Then, the NAMS video files play back in real time off a PC's hard drive, in an interactive format complete with descriptive text and still images." Artists, entertainers and labels already are taking advantage of the NAMS web site (http://www.mw3.com/nams/ or ftp.www.mw3.com) and its interactive video delivery technologies, which are currently accessible to 35 million users. Cybertainer Todd Rundgren Todd Harry Rundgren (born June 22, 1948 in Upper Darby, Pennsylvania, U.S.), is an American musician, singer, songwriter and record producer. Early career Rundgren began his career in Woody's Truck Stop, a Philadelphia, Pennsylvania-based group based on the model of Paul is posting two music videos on NAMS, one of which is from his new interactive enhanced music CD and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , "The Individualist." Rundgren currently hosts and directs CompuServe's On-Line Music In (TR) action Forum (GO IMUSIC). TVT Records TVT Records is an independent record label founded in 1985 by Steve Gottlieb. Artists
Current NAMS videos on-line include excerpts from Mobil Visions' live concert film, Queen, Beautiful People featuring Jimi Hendrix Noun 1. Jimi Hendrix - United States guitarist whose innovative style with electric guitars influenced the development of rock music (1942-1970) Hendrix, James Marshall Hendrix samples, Bad Sun, Whirling Dervishes, Spooky Ruben, Jamie Notarthomas and Michael Quatro. NAMS will accept a limited number of bids this year from record labels that want to release their videos on the web. The NAMS International World Wide Web site is hosted by Boston-based Baudway Communications (Hal Leonard interactive), creators of Music World 3, one of the Internet's most visited music-related web sites. Downloading an entire music video with an average running length of four minutes takes 30-40 minutes using NAMS technology, versus three to four hours to download digitally. While entertainment-related videos are the mainstay offering on the NAMS web site, upcoming videos include corporate and educational training and repair videos, political commentary from political figures, broadcast television news and financial stories, historical television and film archives, as well as corporate promotional videos ranging from the manufacturing of musical instruments to automobile sales and repair videos. Quatrophonic Music Corp. produces or acquires audio recordings and video masters that are then sold and distributed in retail outlets throughout the world. Traditional products such as compact discs, cassettes and LPs, as well as new technology including DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , CD+, CD-ROM, live on-line computer and digital delivery systems, are employed as part of its distribution network. The company has licensed new artists and has established distribution partnerships in 87 countries, focusing primarily on Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and China. The company also has formed a strategic alliance with the law firm of Harness, Dickey & Pierce, a Troy-based firm specializing in intellectual property law. The alliance covers all software patents, copyrights and trademarks on current and future products in both the entertainment and technology arenas. The company anticipates releasing eight new compact discs and eight videos per year, including "Pinch," a crossover alternative group in the 12-20 year old age group, and "Natasha," a British Guinea/French Canadian female modern rock singer. Quatrophonic also has signed and licensed numerous alternative, rock, hip-hop, classical and niche products, along with several compilation offerings. Most recently released is a combination CD/video project entitled VISION. The work features original music written by Michael Quatro and a song dedicated to saving the Earth's oceans, from which Greenpeace and other environmental organizations share in the royalties. Notes to Editor: 1. Michael Quatro has been a performing artist for more than 45 years, beginning with his first symphony performance before a live television audience at age seven. He performed on ABC-TV's Lawrence Welk Lawrence Welk (March 11, 1903 – May 17, 1992) was a musician, accordion player, bandleader, and television impresario, hosting "The Lawrence Welk Show" from 1951 to 1982. show at age 11 before 12 million viewers per week. From age 23-27, Quatro owned and operated a nationwide booking and promotion agency that helped launch acts such as Bob Seger Robert Clark Seger (born May 5, 1945) is a Rock and Roll singer, songwriter, and musician from Michigan. After years of local Detroit-area success, recording and performing in the mid-1960s, Seger achieved superstar status by the mid-1970s and continuing through the 1980s , Ted Nugent, Alice Cooper Alice Cooper (born February 4, 1948) is an American rock singer, songwriter and musician whose career spans four decades. With a stage show that featured guillotines, electric chairs, fake blood and boa constrictors, Cooper drew equally from heavy metal, garage rock, horror movies and Iggy Pop James Newell Osterberg, Jr. (born April 21, 1947), better known by his stage name Iggy Pop, is an American rock singer, songwriter, and occasional actor. Although he has had only limited commercial success, Iggy Pop is considered one of the most important innovators of punk . During that time, he promoted 110 music festivals and concerts in eight states, culminating in AVCO Embassy's "Midsummer Nites Rock" and the Detroit stop on the "Rolling Stones 1969 Tour." From 1972 to 1982, Quatro released seven rock/classical albums on major labels, including United Artists, Motown, Capital and Roulette. The best-seller was the critically acclaimed "In Collaboration with the Gods" in 1975, with air play on more than 2,100 radio stations worldwide. He has had total personal record sales of some 4.5 million units in 52 countries and has performed before live audiences totalling more than 20 million worldwide. During his career, Quatro has performed with such diverse luminaries as Aerosmith, Count Basie, Don McLean, The Doors, Pete Fountain, REO Speedwagon and Gloria Estefan. Other headliners with whom he has performed include Elton John, Steve Winwood, Joe Cocker, Queen, Rare Earth, the Doobie doo·bie n. Slang A marijuana cigarette. [Origin unknown.] Brothers, Bachman Turner Overdrive, Tina Turner, Fleetwood Mac and Eric Clapton. He has appeared at three rock concerts with audiences in excess of 300,000 and has performed with six symphony orchestras, most notably the Kansas City Philharmonic. 2. Greg Loveria is an advanced computer graphics, DTP See desktop publishing. DTP - desktop publishing , typography, CAD and animation consultant. He is a respected authority and advisor in the fields of computer imaging, graphical display acceleration, real-time rendering and animation, multimedia, digital video and audio hardware and software, MIDI, interactive Internet promotion and the reflective/transmissive medical and print color sciences. Loveria also has been an acquisitions consultant and reviewer to Harcourt Brace Jovanovich/Academic Press Book Publishers and a contributing editor and author for McGraw-Hill's DataPro Journals and Books. 3. Steve Getman is vice president and general manager of NAMS International. He is responsible for the day-to-day operation of the company, its strategic planning and implementation, and additional web programming and content generation. He has more than 10 years of experience as a computer and management consultant and programmer, and has been working in the on-line and telecomputing TeleComputing (OSE: TCO) is an international information technology operation and outsourcing company that provides services in Norway, Sweden and Russia, including IT on demand and software as a service services. In addition it owns the system development company Kentor. industries since 1985. 4. Joseph Antonini spent more than 30 years at Kmart Corp., beginning as a management trainee at the then S.S. Kresge Co. in 1964. Under his leadership the company launched aggressive productivity improvement initiatives and developed a world-class quality assurance and technical design facility. The company also begin its first global expansion into Mexico, Singapore, Slovakia and the Czech Republic. Antonini's accomplishments included the highly successful initial public offering of OfficeMax and The Sports Authority as well as plans for the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of the Borders Group Inc., which together generated nearly $2 billion. He is a director of the Shell Oil Co., American Sensors and American Speedy Printing. 5. On Jan. 8, the NAMS World Wide Web site was awarded the Club Web Platinum 100, one of the Top 100 Internet sites chosen by a highly skilled panel of Internet judges. The NAMS site was selected and approved for display on Club Web's Family Approved Links Page of web sites, a site dedicated to World Wide Web offerings that are user- and family-friendly. 6. Additional Todd Rundgren information: "Other entertainers are also utilizing the NAMS web site and its interactive video delivery technologies. Cybertainer Todd Rundgren is posting two music videos, one of which is from his seminal 1993 interactive record album 'No World Order.' Todd's latest interactive enhanced music CD, 'The Individualist,' contains a full-length interactive music video for each of the album's 10 tracks, plus a selection of interactive lyrics, and a 'direct-your-own-music-video' feature. The audio portion of the disc can also be played on a traditional audio CD player for those without a CD-ROM drive. Rundgren currently hosts CompuServe's 'Music In (TR) action Forum' (GO IMUSIC) and acts as CompuServe's worldwide interactive music consultant." 7. Additional TVT TVT transmissible venereal tumor. information: TVT Records, a burgeoning 10 year old New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. independent music company that includes Wax Trax! Records Wax Trax! Records was a record label in the United States. Wax Trax! began as a record shop in Denver, Colorado opened by Jim Nash and Dannie Flesher. They sold the store in 1978 and, in November of that year, opened a new one under the same name at 2449 North Lincoln Avenue in , Blunt Recordings, TeeVee Toons and the TVT label, is making available for sale their entire music catalog to potential online customers using the NAMS web site as a marketing tool to enhance their own Internet web site. TVT's artists include KMFDM KMFDM Kein Mitleid für Die Mehrheit (German band, translates loosely to no pity for the majority) and G//Z/R, both of which supplied musical tracks to New Line Cinema's blockbuster movie, "Mortal Kombat." Both KMFDM and G//Z/R, as well as other TVT artists including Spooky Ruben, Fledgling and Birdbrain bird·brain n. Slang A person regarded as silly or stupid. bird  brained will have their videos available as shareware on the NAMS web site. Other TVT movie soundtracks include "Seven," which stars Brad Pitt and Morgan Freeman, and "Two If By Sea," which features Sandra Bullock and Dennis Leary. NOTE: There should be two forward slashes in both the performer's name G//Z/R and the world wide web addresses listed in this press release. Also, there should be an "at" sign in the e-mail addresses listed below. CONTACT: Quatrophonic Music Corp Michael Quatro/Kathy Colli, 810/269-9101 or J.E.A. Enterprises Linda Wasche, 810/684-0084 nams@mw3.com or NAMS International Inc. Greg Loveria/Steve Getman 607/724-1208 loveria@letter.com or NAMS Business Development 716/564-2514 |
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