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Well, I for one think GENM is in great shape right now, and thank FOT for the tip. You better get in also, BYB, or you may miss the pop.
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Grand Entertainment & Music Inc. Announces Preliminary Agreement With 2.4 Million Dollar Revenue Potential Annually Thursday November 10, 9:00 am ET
MONTREAL--(MARKET WIRE)--Nov 10, 2005 -- Grand Entertainment & Music Inc. (Other OTC:GENM.PK - News) announced today that the company's music division has entered into a preliminary agreement with famed producer Vincent Egret, who is best known for his Dubmatique, Rainmen, Chapin and Mellowman projects.
The basic arrangements of this union will include a three-year deal with periodic reviews for productivity. The contract will self-renew every year if certain key performance indicators are attained. Under the terms of this agreement, four individual projects will be released annually, and minimum forecasted revenues are predicted to range between 2.4 million and 2.7 million dollars per year. This figure is derived from estimated revenue of $4.00-$4.50 per unit for 150,000 units sold from each of the four projects.
Fred Berlin, Gem's President and CEO, stated, "We are very pleased to announce this agreement with Vincent Egret. We sincerely believe that his reputation for quality and professionalism will open up doors for Gem's new projects to the major labels throughout the French and European markets." Mr. Berlin went on to say, "Our shareholders should realize that Gem's ability to attract talent like Vincent signifies major progress for our company and is directly related to the recognition we have received throughout the music industry for our Qbanito and Universal Music France projects. This is a huge opportunity for our company and should, along with our other recent developments, prove significantly beneficial to our future growth."
About Grand Entertainment & Music Inc.
Based in Montreal, Quebec, and incorporated in November 1998, the company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the company's multi-million-dollar studios produce voice-overs and soundtracks for commercials and film, which are used on the radio, on television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM also controls its own catalogue with hundreds of current titles. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc., which involves risks and uncertainties. The company's actual future results could materially differ from those discussed. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: CONTACT: Grand Entertainment & Music, Inc. Investor Relations: (866) 795-Genm (4366) IR*Genm-info.com http://www.genm-info.com
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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