Primco Management, Inc. Acquires D&B Music Catalog
Primco Management, Inc. Acquires D&B Music Catalog
CENTURY CITY, Calif.--(BUSINESS WIRE)-- Primco Management, Inc. (OTCQB: PMCM) a fully integrated entertainment holding company, today announced that is has purchased the music catalog of D&B Music. Under the terms of the Agreement, Primco will acquire the estimated multi-million dollar asset and assume all debts tied to the catalog that now stands at approximately $350,000.
"This is the first step in building our asset base," stated David Michery, CEO of Primco. "Our intention is to market the recordings through a major distributor and to acquire additional catalogs in various music genres. We are currently in negotiations with several groups and expect further announcements in the very near future." The D&B catalog consists of recording icons such as the recently departed Nate Dogg, All 4 One and Bizzy Bone of Bone Thugs and Harmony just to name a few.
All interested parties are invited and encouraged to visit the company's website at http://www.esmgusa.com/.
About Primco Management, Inc.: PMCM is an innovative, consumer driven interactive entertainment content provider whose mission is to acquire and develop new artists and strategic opportunities through their 5 operating units. PMCM intends to leverage its highly motivated and industry experienced management strengths and capabilities with focused operating divisions to reach and satisfy the marketplace of targeted consumers searching for a breakthrough in new and exciting talent and content.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
Leonard Lavallo, 716-240-0394
investors@esmgusa.com
Leonard Lavallo, 716-240-0394
investors@esmgusa.com
KEYWORDS: United States North America California Washington
INDUSTRY KEYWORDS:
The article Primco Management, Inc. Acquires D&B Music Catalog originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
