posted
Looks like the bid just came up and it should run some on this pr JUST released!!!
Business Editors
MONTREAL--(BUSINESS WIRE)--Nov. 22, 2004-- Grand Entertainment & Music, Inc. (GENM: OTC) has sold its wholly owned subdivision, Mint Music, to Emilio Fulcro. Under the terms of this agreement, Emilio Fulcro has resigned as COO and from the Board of Directors of Grand Entertainment and Music. In addition, 88,049,999 shares are being retired to the Company's Treasury, thereby reducing the total number of issued and outstanding shares. The spokesperson for Grand Entertainment and Music stated that this is the first stage in its reorganization plan, which will be further outlined in forthcoming press releases.
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music producer that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. The Company's mission is to become the premier production, recording and publishing company in the music industry. For more information please contact Mr. F. Underhill at (514) 328-9348 ext. 601 or visit the Company website at www.gem-music.com.
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.
KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES MUSIC TV AND RADIO MERGER/ACQUISITION SOURCE: Grand Entertainment & Music, Inc.
CONTACT INFORMATION: Grand Entertainment & Music, Inc. Mr. F. Underhill, (514) 328-9348 ext. 601 info@gem-music.com www.gem-music.com
------------------ "When the strike of the hawk breaks the body of it's prey, it is because of timing" The Art Of War - Sun Tzu
"Do Da Due - But Be Damn Quick About It" Da Art Of Daytrading - Dardadog
posted
Grand Entertainment & Music, Inc. Provides Update on JBS Rentals Acquisition Thursday December 16, 1:20 pm ET
MONTREAL--(BUSINESS WIRE)--Dec. 16, 2004--Grand Entertainment & Music, Inc. (GENM: OTC) released information today with regards to the ongoing due diligence process of JBS Rentals. Further to our August 24th press release and in conjunction with our investor awareness program, GEM is pleased to provide an update on this acquisition. As previously released, GEM has signed a letter of intent to acquire a 50% interest in JBS Rentals. Under the terms of the agreement, GEM will have an option to acquire the remaining 50% of the company within 18 months of contract signing. JBS Rentals is a profitable and well-known, private Canadian sound and lighting rental company. The company has the capacity of supplying a 200-5,000 seat venue with total concept of lighting, sound and technician. A spokesperson from GEM stated that the due diligence process is showing that the acquisition of JBS Rentals would be a good compliment to GEM's current business and that the Company is looking forward to signing the agreement early in the new year. A spokesperson from JBS Rentals stated that the last quarter of 2004 has been busier than usual and that growth in the coming year is inevitable. The spokesperson went on to state: "As negotiations conclude with GEM, we at JBS Rentals are excited to become part of the GEM family." GEM will continue to keep investors informed of any major developments with regards to this acquisition.
GEM today also announced that there has been a delay in preparing an analyst report on the Company, which was not completed by the aforementioned date of October 15. The delay has occurred due to the recent sale of Mint Music and other ongoing negotiations related to JBS Rentals, the digital media kiosks and its reorganization plan. GEM regrets this delay and assures all investors that the report will be released once these negotiations have been finalized and taken into account
About JBS Rentals
Based in Montreal, PQ, JBS is a sound, lighting, audio-visual and event planning company specializing in: Rentals; Equipment Servicing; Sales; and Turn Key Solutions. With a staff that has over 50 years of experience, and service that is second to none, JBS has the capacity of supplying a 200-5,000 seat venue with total concept of lighting, sound and technician. JBS thrives in being a world leader in the field of Lighting, Sound, Audio-Visual and Event planning designs, constantly seeking to provide great service at affordable prices to corporate, private, or festival markets.
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music producer that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. The Company's mission is to become a premier production, recording and publishing company in the music industry.
For more information please contact Mr. F. Underhill at (514) 328-9348 ext. 601 or visit the Company website at www.gem-music.com.
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: Grand Entertainment & Music, Inc. Mr. F. Underhill, 514-328-9348 ext. 601 E-mail: info@gem-music.com www.gem-music.com
-------------------------------------------------------------------------------- Source: Grand Entertainment & Music, Inc.
MONTREAL--(BUSINESS WIRE)--Feb. 3, 2005-- A spokesperson for Grand Entertainment & Music, Inc. (OTC: GENM) today announced that it has opened a new associate company GEM LATINA, an entertainment, film production and music company. GEM LATINA's mission is to become the leading worldwide provider of original and co-inspired Latin music, films and publications. GEM LATINA is pleased to announce that it has signed a multi-year million dollar recording contract with Convoy Cubano, a popular Montreal-based Ragaton group. Ragaton is a type of music derived from placing rap lyrics over traditional son rhythms played live. The group consists of MCs Neiver ("Cubanito") Alvarez and Reinery Diaz. Under the terms of the contract, GEM LATINA will record a series of albums for Convoy Cubano at GEM's Cherry Studios. The first album, produced by Jesus Allejandro Perez ("El Nino") and engineered by GEM's Vice-President of Production Peter Stocola, will be released within the next six weeks. In addition, GEM LATINA has commenced the recording of a second album for Convoy Cubano, which should be completed in the same time frame as the first album. CEO Fred Berlin stated: "The opening of GEM LATINA and the initial contract signing with Convoy Cubano is a significant achievement for GEM. GEM LATINA is well-positioned to profit from the rapidly rising international demand for Latin music and entertainment. We expect to sign several additional deals in the near future to produce albums for other notable Latin artists, and to distribute, license and publish content from Latin music and entertainment companies."
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music producer 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 sound tracks for commercials and film, which are used on the radio, 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. GENM, 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 enables GENM to entrench itself in the Internet distribution and download business before the majors enter the market. The Company's mission is to become the premier production, recording, publishing and Internet Distribution Company in the music industry. In addition, its mission is to become a leading consolidator of quality music catalogues. For more information please contact Investor Relations at (514) 328-9348 ext. 601 or visit the Company website at www.gem-music.com.
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.
KEYWORD: NORTH AMERICA WASHINGTON UNITED STATES CANADA INDUSTRY KEYWORD: ENTERTAINMENT MUSIC PROFESSIONAL SERVICES CONSUMER CONTRACT/AGREEMENT PRODUCT/SERVICE SOURCE: Grand Entertainment & Music Inc.
CONTACT INFORMATION: Grand Entertainment & Music, Inc. Investor Relations, 514-328-9348 ext. 601 info@gem-music.com www.gem-music.comPosts: 922 | Registered: Jun 2004
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posted
i was thinking about getting out of this today. didnt want to wait around but i am starting to see this company start to really grow. i really wanted to get into ddsi today but oh well there will be others. i did think this was gonna move on the news today. wonder why it didnt
-------------------- Derek S Posts: 2270 | From: andalusia, IL, USA | Registered: May 2004
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quote: i did think this was gonna move on the news today. wonder why it didnt
The rumor was bought at the beginning of the week and then people sold on the news today without seeing much gain I imagine.
I'm in at .0013 and expecting it to bounce off .0011 before too long. I think it is a strong bottom pick over the next 2-4 weeks.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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posted
I grabbed some of this today seems like we could see a run in the near term. Their website is pretty decent as well. Looks nice to me!
Posts: 119 | From: Attleboro,MA USA | Registered: Nov 2004
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