ISBL again great news! MACD crossed positive after "sell-off"!
Nov 29, 2007 11:38 ET
Ise Blu Equity Corp. Subsidiary L.G.N. Entertainment Distribution Adds Distribution to Virgin Megastores and FYE
ORLANDO, FL--(Marketwire - November 29, 2007) - Ise Blu Equity Corp. (PINKSHEETS: ISBL) subsidiary, L.G.N. Entertainment Distribution www.LgnEntertainment.com, an independent distributor of Music, Videos, Movies and DVDs, announced today additional distribution outlets for the distribution of "Dog-On Television" DVD.
National product placements have been shipped to FYE and Virgin Megastores, as well as regional agreements with JR Music World, and several one stops such as Baker and Taylor AEC One Stop Group and Music City in Nashville.
"These agreements and shipments add several websites and hundreds of new stores to our distribution. The interest in this project has been amazing! In addition to the retailers and one stops we have just about concluded our agreements with all of the pet shops and smaller retailers displayed on Nick Loren's website. All revenue will be paid to LGN as we have exclusive North American distribution rights for this project," stated Lisa Sam, President of LGN Entertainment Distribution.
LGN Entertainment Distribution has been preparing for fourth quarter releases as a momentum builder for 2008.
"This gives LGN a running start for 2008. And in chatting with Lisa, we have Nick Loren's album 'Let's Make It Real,' release in early 2008 and additional catalog releases from the former EMI catalog MaxMex. I have chatted with the board and Dr. Dre; our parent company is in agreement that we are going to aggressively speak with outside funding sources to either partner or take an equity position with us in the acquisition of additional catalogs in 2008. Catalog sales are still strong in the music industry and with our plans to move into the publishing and licensing sectors of the music business, the Company will have the huge advantage of owning the rights to the music we distribute.
"I would also like to address questions that have come up recently; the company is committed to moving towards the OTCBB and we expect to make additional announcements in the first quarter of 2008. I know that our shareholders are anxious for information, but there are steps that are required and these things take time. Audits will be required and as it is late November we have determined that we should wait until the year end and audit the complete year during January and February 2008. Realistically, we have only been in ISBL for 3 months and I am extremely encouraged with our progress up to this point," stated Steve Lane, President of ISBL.
"Our new corporate website is being edited and it will be available late in the afternoon on Friday, November 30, 2007 @ www.iseblu.com, some elements and additional editing will be added next week."
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: the statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."
