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Modern Records Signs Former Teen Sensation Tiffany.

Business Editors

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 31, 2000

Modern Records, Inc. (OTCBB: MDNR)(CDNX:MZR.V) Randy Jackson, Chairman &CEO and Russ Regan, President, today announced that they have signed multi-platinum selling artist Tiffany, the former teen sensation to the Modern Records label. The contract with Tiffany includes four new albums and an additional greatest hits album. Tiffany remains a major recording artist in the music industry with estimated sales of 14 million records. The recording of Tiffany's next album is well advanced and the first single is scheduled for a release in May, 2000.

Tiffany Renee Darwisch, better known as, &uot;Tiffany&uot; began her career in the late 80's as a teenage dance-pop singer. Born and raised in Norwalk, CA the former teen idol became a household name following her 1987 mall tour, titled &uot;The Beautiful You: Celebrating The Good Life Shopping Mall Tour '87.&uot; Immediately following her tour, her self-titled album, Tiffany which later debut on the Billboard album charts at the number one spot, went quadruple-platinum. The first single from the album, &uot;I Think We're Alone Now,&uot; debut at number one on the Billboard single chart and the second single &uot;Could've Been&uot; coincidentally displayed Michael Jackson's &uot;Bad&uot; from the number one spot on the Billboard singles chart. After spending some time raising her family, Tiffany recently announced during an interview with Access Hollywood that she wanted to make a new album. In 1999, she performed the vocals on the song &uot;New Year's Day,&uot; with the group Front Line Assembly, on the tribute album to U2, We Will Follow.

Tiffany stated, &uot;I am ecstatic to be a part of Modern Records and I am looking forward to a great future and hope to accomplish a lot of my goals as a songwriter, artist and performer. I believe that Modern Records will help me accomplish all my goals and take it even higher&uot;.

Russ Regan stated, &uot;After meeting Tiffany and hearing her new songs, I am very excited and thrilled that she is signing with Modern Records&uot;.

Randy Jackson stated, &uot;Tiffany's new sound is incredible. She knows what it takes to make a hit album and because her fan base who grew up with her is still there makes it even better&uot;.

Modern Records, Inc. an independent record label was founded in 1980 by Paul Fishkin, Danny Goldberg and Stevie Nicks. Since 1981, after pursuing a successful solo career from Fleetwood Mac, Ms. Nicks' seven releases on the Modern Records label sold over 15 million albums.

In May of 1997, Randy Jackson, a member of the world-renowned Jackson's Family and &uot;The Jacksons&uot; music-recording group, purchased controlling interest in Modern Records. Jackson, Chairman &CEO has over 30 years of performing, writing and producing experience in the recording industry. He has now started to implement his strategy by putting in place a strong management team for the label. He has also signed the Jacksons to the label and new R& artist Abel Mason. Russ Regan, President and industry legend started with Berry Gordy at Motown and promoted many legendary artists including Marvin Gaye, Stevie Wonder, The Supremes and Smokey Robinson. He is also responsible for signing renowned artists such as, Elton John, Barry White, Neil Diamond, Olivia Newton John, and the Alan Parsons project to name a few. He is one of only a few record executives in the world who has had a number one record in each of the last four decades. Modern Records believes that its industry relationships are unparalleled and plans to leverage these relationships with industry executives, distributors, producers, artists and writers to create the most dynamic independent label in the recording industry.

ON BEHALF OF THE BOARD OF DIRECTORS

&uot;Russ Regan&uot;, President

The CDNX has not reviewed and does not accept responsibility for the adequacy and/or accuracy of the contents of this release. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statement involve risk and uncertainties which may cause actual results to differ from those projected.
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Publication:Business Wire
Date:Jan 31, 2000
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