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GENM Hits Music Industry With 'Pick & Choose' Downloads.


MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 -- Customers Can Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer.  Just One or Two Cuts - They Don't Have to Pay for the Whole Album Any More

Grand Entertainment & Music, Inc (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: GENM GENM Generic Model ) will rock the music industry with the introduction of its new high-tech "Pick & Choose" program that allows any music-lover to download one or two songs from an album without paying for the whole album, 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.  Frederick Berlin told stockholders.

"For a while at least, we will be the new force in the music and recording industry," said Berlin, "because we are offering exactly what those who download music want."

GEMN, through acquisitions owns the copyright or controls thousands of albums, en route to a planned inventory of at least 10,000 cuts.

"Very simply, we are radically changing the business," Berlin said. "It used to be, there'd be maybe one cut on an album the customer wanted. The rest? He couldn't care less. But he had to pay to download the whole albums to get the one cut he wanted. But no longer. We allow him to economically download only the selection he wants.

"We believe that this will be readily embraced by music downloader's, and that we will achieve at least $1,000,000 in sales in 2005 from this enterprise alone," the CEO said.

GENM is a virtual entertainment industry under one corporate umbrella. Its subsidiaries and alliances include:

--Cherry Production and Recording Studio,

--Gem Records,

--Perform Arts International,

--JBS Sound & Lighting,

--Gem Productions, and

--Gem Music & Imagination Discs & Records.

A recent profile of the company, as published in an online journal, is available by e-mailing info@theexpresso.com .

"When you bought GENM stock, you bought into all these enterprises," Berlin told stockholders. "And we are just getting started.

"By pursing our agenda of aggressive acquisition and consolidation of small recording companies and labels with properties of high potential," he said, "we are moving toward our goal of becoming one of the major players in the music business."

For more information please contact Mr. F. Underhill at (514) 328-9348 ext. 601 or visit the Company website at www.gem-music.com.

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.
 Statement

This release contains 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.
 with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. 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" provision 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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 29, 2004
Words:425
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