November 29, 2006 - 9:00 AM EST
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American Southwest Music Distribution announces marketing strategy
LAS VEGAS, NV, Nov. 29 /CNW/ - American Southwest Music Distribution,
Inc. (OTC: ASWD.OB) announces marketing strategy.
In August 2006, American Southwest Music Distribution began marketing
music to consumers worldwide. Universal Records, a division of UMG Recordings,
Inc. (the world's largest distributor of consumer entertainment products) is
the exclusive worldwide manufacturer and distributor of American Southwest
Music's consumer entertainment products.
Although the company will focus on selling music and motion pictures
previously not released to consumers, they own a music catalog consisting of
rights to master recordings acquired from two other record labels: Celestial
Breakaway and Out of Control Records. Celestial Breakaway and Out of Control
previously released these master recordings to consumers, and American
Southwest Music plans to re-release these masters to consumers through retail
and digital distribution. Because of their previous commercial success,
American Southwest Music's management expects that these masters will generate
steady revenues for the company.
A substantial part of American Southwest Music's activity will be devoted
to the acquisition of worldwide rights to new master recordings from recording
artists and record production companies, and the acquisition of new motion
pictures produced by production companies seeking worldwide distribution for
their works.
American Southwest Music's rights to new master recordings will be
embodied in record contracts with recording artists and production companies.
In each record contract, American Southwest Music acquires the exclusive
worldwide copyright and right to manufacture, distribute and license products
derived from the new master recordings created by those recording artists.
Through distribution contracts, American Southwest Music will obtain the
exclusive worldwide right to manufacture and distribute to consumers for home
entertainment use, through retail and digital formats, motion pictures
produced by third-party film production companies. American does not plan to
be involved in the production of any motion picture or the theatrical release
of any motion picture.
American Southwest Music Distribution, Inc. (www.ASWMD.com) is a publicly
held company that has partnered with Universal Music Group to begin marketing
and selling music and motion pictures to consumers worldwide.
Cautionary Statement:
This news release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities and Exchange Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of 1934, as
amended, which are intended to be covered by the safe harbors created thereby.
Investors are cautioned that all forward-looking statements involve risks and
uncertainties. Although American Southwest Music Distribution, Inc. believes
that the assumptions underlying the forward-looking statements contained
herein are reasonable, any assumption could be inaccurate, and therefore,
there can be no assurance that the forward-looking statements included herein,
the inclusion should not be regarded as a representation by American Southwest
Music Distribution, Inc., or any other person that the objectives and plans of
American Southwest Music Distribution, Inc. will be achieved.
Source: Canada NewsWire (November 29, 2006 - 9:00 AM EST)
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