moderngroove Signs Ministry of Sound to Music Title for the PlayStation 2 Computer Entertainment System.Business/Entertainment Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(ENTERTAINMENT WIRE)--Jan. 18, 2001 moderngroove(TM) entertainment, inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MODG) today announced the details of a music licensing agreement signed with UK-based record label Ministry of Sound. The agreement provides moderngroove with the rights to use the Ministry of Sound brand, along with exclusive rights to new music sets mixed by some of the world's leading DJs, for their forthcoming PlayStation A video game console from Sony that was introduced in the U.S. in 1995. CD-ROM based and using a 32-bit MIPS CPU, the original PlayStation was the first of a family of desktop and handheld units. (R) 2 release. The partnership with moderngroove provides a vehicle for Ministry of Sound to venture into the interactive entertainment industry. Ministry of Sound began in 1991 as the premiere nightclub in London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. . Ten years and over 2 million club visitors later, the Ministry of Sound has diversified diversified (di·verˑ·s their operations to become the world's largest dance music label and publisher of a variety of print magazines, including "Ministry" -- the best selling dance music magazine in the UK. Ministry of Sound DJs will contribute exclusive new sets to moderngroove's PlayStation 2 title. The title will feature five leading DJs, each contributing one-hour music sets that consist of current charting tracks and exclusive new tracks, as well as underground recordings and classic club hits. The featured DJs will be announced next week during the MIDEM music conference in Cannes, France. "Ministry of Sound is the authority in dance music -- they have their finger on the pulse of modern culture and lend the best DJ talent in the world to this title," remarked John Stroppa, President & 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. of moderngroove entertainment. "This is a first for the industry," continued Stroppa, "Ministry of Sound is the first label to recognize this new medium as an exciting way for artists to reach their fans." Details of licensing agreements for future products are forthcoming. moderngroove entertainment, inc. (OTCBB:MODG) is a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. with studio operations in Vancouver, Canada. moderngroove is a pioneer in the production and delivery of interactive entertainment for next-generation videogame consoles (e.g. PlayStation(R)2) and personal computers. Founded in July 1999, moderngroove now boasts a staff of over 50 artists, engineers, producers, and business personnel. More information about moderngroove's products and services can be found online at www.moderngroove.com. This press release may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934 and is subject to 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. created by these sections. Actual results may differ materially due to a number of risks, including technological and operational challenges in consumer preferences and developments affecting the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . All trademarks and trade names belong to their respective owners. (c)2000 moderngroove(TM)entertainment, inc. All rights reserved. |
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