Nashville Records, Inc. (NRCD)

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NSHV Website Update

Warrant Info and other updates
In July of 2007 a press release announced warrants for open market purchasers. This plan was conceived by a consultant the Company had that was let go for various reasons, including press release treatment. The warrants were a regrettable decision. However, the Company will honor the warrants for those who have already submitted the required documentation. Strike Price of Warrants: $.01 per share. First Exercise Date: July 15, 2008. Issuance of warrants to purchase one (1) share of Nashville Records Inc. common shares for every two (2) shares purchased during this period: April 2007 through June 2007.
The Company recognizes that if the current stock prices do not increase the warrants will be worthless. However, the Company is progressing on the 504 issue and we hope to be able to discuss more of these details in the future.
In 2007 the Company issued 30 million shares of 144 stock to a private entity for funding the Company. None of the funding promised was delivered and the Company maneuvered to recapture all of the shares to put back into treasury. This past week we were successful at recapturing these stocks to be cancelled. There are several other 144 issuances that the Company believes it will be successful at reclaiming, as well as 504 stocks in question. The process has been slow due to legal factors but has worked to the favor of the Company.
This information will only be posted for 7 to 10 days and contents could be updated at any time.