MUSICAGENT, LLC Brokers Entire Catalogue of Foghat Hits to Bicycle Music.

LOS ANGELES -- MUSICAGENT, LLC, headed by music publishing broker David Polemeni, secured the acquisition of the entire catalogue of Foghat hits from the estate of Dave Peverett, the deceased lead singer and songwriter of the legendary classic rock group, to Bicycle Music.

The Foghat estate, represented by the band's manager, Michael McConnell, sold the rights to Bicycle Music, whose company will soon be under a new name (to be announced), headed by Allan Tepper, President, and Steve Salm, Vice President of the parent company that bought Bicycle Music. The multi-million dollar deal places publishing rights of such Foghat classics as Slow Ride, Fool For The City and Third Time Lucky in the hands of Bicycle, who plans to make the songs from the band's five gold albums, and two platinum albums, available to all digital and visual media.

Polemeni, who was retained by Bicycle Music, also markets the catalogues of various publishing companies such as Stage Three Music, headed by legendary publisher Lionel Conway (Aerosmith's Walk This Way and Dream On, ZZ Top); and Dimensional Music Publishing, headed by COO and President Neil J. Gillis (Dreamworks' catalogue i.e. John Denver, Stevie Ray Vaughan and The Byrds).

David Polemeni has given birth to a new style of "music publishing agent," brokering catalogues to hedge fund-backed publishers, as well as continuing on with traditional marketing to film and television.

In 2000, Polemeni launched Moviemaker Music, which produced re-records of hit songs with the original artists and offered the recordings at affordable rates to film, television and advertising communities. The company carried such hits as What A Feeling by Irene Cara, Rock and Roll Hoochie Koo by Rick Derringer and Apples, Peaches, Pumpkin Pie by Jay & The Techniques, resulting in an ad campaign for Marie Callenders' Pies. It was the first company ever to give artists ownership of their recordings. Polemeni has also produced new masters for Warner Chappell, Peermusic, Famous Music and BMG.