DALLAS, TX, DECEMBER 8, 2005 - Update from 226 Music Group, Inc.
226 Music Group, Inc (PINKSHEETS: TTMG) would like to update its shareholders on the latest happenings with the company.
On the management side, Drowning Pool is currently writing their next record for Wind-up Records (home of Evanescence, Creed, Seether and more). Coming off a remarkable USO tour in the Persian Gulf, Drowning Pool will once again perform for the troops in South Korea January 2006. Producer client Ben Schigel recently saw the release of Chimaira, a band he produced, on Roadrunner Records (home of Nickelback, Slipknot). The CD debuted at #74 on the Billboard top 200 chart. Producer client D. Braxton Henry also saw the release of his latest project A Dozen Furies. The band released their debut CD on Sanctuary Records (SBP.L) and debuted at #33 Billboard's Heatseekers Chart.
226 sub-label Zero-Sum Recordings released their first record for artist Jacknife. Jacknife's "Moment of Reckoning" hit stores nationwide on September 13. Jacknife's national tour of the United States started November 9th and runs through the end of the year. 226 artist Dryline completed the recording of their CD with producer D. Braxton Henry. Their release titled Reach For The Surface is expected to hit stores in early 2006.
226 management has decided to delay podcast sales and promotion of artist releases until such time that videos of these artists are complete. 226 believes the market for selling podcasts will increase with video content incorporated. With recent advances in portable video technology specifically the new video enabled iPod, the company intends to generate additional revenue in this area. Jacknife's CD is currently available for purchase digitally through sites including Apple's iTunes and online in CD form via sites such as Amazon.com.
226 Music Group has decided to cease operations of concert promotion company Fifth Street Concerts to concentrate on their primary business of music production, marketing and artist management.
About 226 Music Group, Inc
226 Music Group, Inc. is a multi-faceted entertainment company encompassing a traditional independent record label model, artist management company and on-line division providing music and entertainment over the Internet. Zero-Sum Recordings and 226 Records, divisions of 226 Music Group, are independent record labels distributed by Sony's RED Distribution. The labels produce, license, acquire, promote and distribute high quality recorded music in North America in traditional retail stores and over the internet. 226 Music Group specializes in developing, utilizing and marketing technology systems to deliver music in a digital format to the end consumer in an expeditious and cost effective manner. These divisions of 226 will be integrated to accommodate the rapidly changing methods of promoting and delivering music for the consumer market.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Record Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document the words "anticipate", "estimate", "expect", "intend", "plans", "projects", and similar expressions, as they relate to the company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one of more of these risks or uncertainties materialize, of should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.