American Southwest Music Distribution announces contract with Universal and projected revenues for 2007
11 December 2006 - 11:30PM
PR Newswire (US)
LAS VEGAS, Dec. 11 /PRNewswire-FirstCall/ -- American Southwest
Music Distribution, Inc. (OTC BB: ASWD) announces contract with
Universal as well as projected revenues for 2007. On January 25,
2006, American Southwest Music entered into the Domestic
Distribution Agreement with Universal Records, a division of UMG
Recordings, Inc. During the term of the Domestic Distribution
Agreement, Universal is American's exclusive manufacturer and
distributor, through every distribution channel of recorded music,
of all master recordings and videos owned or controlled by
American. Universal will also exclusively handle all of American's
on-line sales during the term of the Domestic Distribution
Agreement. For each separate title of music products released,
American's management, along with Universal, will determine the
applicable wholesale price per unit for each product. Below are the
Projected Revenues from CD sales for the year 2007. 2007 Revenues
from CD Sales $ 46,550,000 (Less: Distribution Fee) $ (9,310,000)
(Less: Manufacturing Costs) $ (4,716,031) (Less: Discounts, Co-Op,
POP) $ (931,000) (Less: Actual Returns) $ (4,655,000) (Less:
Freight Costs/Bad Debt) $ (1,163,750) ------------- Net Revenues
after CD Costs of Goods $ 25,774,219 Online Sales Revenues $
970,200 ------------- Total Net Revenues All Sales $ 26,774,419
(Net Upfront Advance) $ (900,000) (Promotion & Marketing) $
(3,600,000) (Mechanical Royalties) $ (2,842,000) -------------
Gross Margin $ 19,402,419 ------------- (Universal's Share) $
(9,701,210) American's Share $ 9,701,210 American Southwest Music
Distribution: ASWD (http://www.aswmd.com/) is a publicly traded
company formed by music veterans David Michery and Robert
Guillerman. The company has partnered with Universal Records;
divisions of UMG Recordings Inc. to form a niche in the production
marketing and distribution of fresh musical talent via traditional
and nontraditional vehicles. The company is pleased to announce
that their CEO David Michery has been featured on Market News First
(http://www.mn1.com/), please visit the website for more
information. Cautionary Statement: This news release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
which are intended to be covered by the safe harbors created
thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties. Although American
Southwest Music Distribution, Inc. believes that the assumptions
underlying the forward-looking statements contained herein are
reasonable, any assumption could be inaccurate, and therefore,
there can be no assurance that the forward-looking statements
included herein, the inclusion should not be regarded as a
representation by American Southwest Music Distribution, Inc., or
any other person that the objectives and plans of American
Southwest Music Distribution, Inc. will be achieved. CONTACT: Ray
Johnson, (866)-639-3900, , Website: http://www.aswmd.com/
DATASOURCE: American Southwest Music Distribution, Inc. CONTACT:
Ray Johnson, (866)-639-3900, , Website: http://www.aswmd.com/
Copyright