Gold Entertainment Group Partners with Mack-Ace and Reggae.com to Launch New Independent Music Label
27 Septembre 2007 - 3:27PM
PR Newswire (US)
FT. LAUDERDALE, Fla., Sept. 27 /PRNewswire-FirstCall/ -- Gold
Entertainment Group, Inc. (OTCPK: GEGP), in collaboration with
Mack-Ace Promotions and Reggae.com, is pleased to announce the
official launch of World Riddim International Music (WRIM), a new
independent music label. World Riddim International Music will have
an initial focus on the reggae music genre but will pursue artists
and projects from the broader spectrum of World Music with the
fusion of musical styles generated by different cultures and
musical traditions around the world. "Reggae Music is a style that
grew out of a combination of African rhythms, American Rock, Blues
and R&B and local influences in the Caribbean. There is an
exciting fusion of musical styles going on worldwide. With a
foundation in Reggae Music we are very excited to be part of WRIM's
development and promotion of the great music created by the
blending of musical traditions from around the world" said John
Brodie, founder of REGGAE.com. The global music market is currently
estimated to be between $40 and $48 billion. Industry reports
differ in the exact amount of sales, but it is believed that 30% of
that global music market belongs to independent labels, which
equates to approximately $12 to $16 billion in annual sales.
Independent music labels now account for more than 900 million
units sold each year. "I am thrilled about the creation of World
Riddim International Music and its potential to revolutionize the
independent music industry. WRIM has the potential to really shake
things up in the indie music genre," stated Luther McKenzie,
President of Mack-Ace Promotions. "The launch of World Riddim
International Music is the culmination of months of hard work by
Gold Entertainment, Reggae.com and Mack-Ace Promotions. We feel
that our combined years of experience will grant us a considerable
advantage over any competitor and make us an industry leader,"
stated Brian Stetten, President and CEO of Gold Entertainment
Group, Inc. For more information about Reggae.com and Mack-Ace
Promotions, please visit http://www.reggae.com/ and
http://www.mackaceenterprises.com/. About Gold Entertainment Group,
Inc.: Gold Entertainment Group, Inc. (OTCPK: GEGP) is a broad based
entertainment company focusing on the creation and distribution of
content for Television, IPTV and the Internet. Gold Entertainment's
initial focus is the music entertainment market, specifically
showcasing emerging talent. Gold Entertainment seeks to become a
leading brand name in the distribution of music entertainment.
(http://www.goldentertainment.com/) Safe Harbor: Statements
regarding financial matters 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 Reform Act of 1995. The
Company intends that such statements about the Company's future
expectations, including future revenues and earnings, technology
efficacy and all other forward-looking statements be subject to the
safe harbors created thereby. The Company is a development stage
company who continues to be dependent upon outside capital to
sustain its existence. Since these statements (future operational
results and sales) involve risks and uncertainties and are subject
to change at any time, the Company's actual results may differ
materially from expected results. Contact: Investor Relations
1-866-THE-APPL(E) 1-866-843-2775 http://www.goldentertainment.com/
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Entertainment Group, Inc. CONTACT: Investor Relations,
1-866-843-2775 Web site: http://goldentertainment.com/
http://www.reggae.com/ http://www.mackaceenterprises.com/
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