GEM Inks Deal With Sygenics To Offer Online Music Downloads
06 March 2004 - 12:30AM
PR Newswire (US)
GEM Inks Deal With Sygenics To Offer Online Music Downloads
MONTREAL, March 5 /PRNewswire/ -- Grand Entertainment and Music,
Inc. has signed an agreement with Sygenics Corp. of Montreal to
create an online music distribution site for more than
5,000exclusive titles. GEM's music catalogues, ranging from pop,
children's, classical, salsa and rap, can be sampled and then
downloaded for 99-cents per track. The site is expected to be in
operation by this summer. "We're thrilled that we can now offerour
excellent talent stable to the public in this mass market format,"
said GEM president Fred Berlin. "It levels the playing field with
the major labels. The public can easily listen to the music GEM has
been producing for the past ten years and thenpurchase it
instantly," he added. "It's a great way of showcasing our new
talent. "We believe GEM will see a significant increase in revenues
in the current fiscal year with this new sales effort," Berlin
said. The site being designed by GEM and Sygenics will allow
clients to customize their downloads and make the CD mix they like
best. Other smaller music producers will be invited to use the GEM
site for a fee. Grand Entertainment, which trades under ticker
symbol GENM on NASDAQ-OTC, has been producing popularly priced
music CD's for more than ten years. It markets music in three
languages -- English, Spanish, and French. GEM recently announced
that it is setting up a DVD division to add visual segments of
various groups and artists to their sound tracks. "We have become
one of the top 20 music production houses in North America, and we
believe our new initiatives will help us move even higher up that
ladder," Berlin said. "And, it's exciting to know that the many
talented artists we've recorded will now have their music heard by
the public." For further information, please contact: Grand
Entertainment & Music Inc. MacReport.NET Mr. F. Underhill Mr.
T. Speciale 514-328-9348 631-393-5075 http://www.gem-music.com/
http://www.macreport.net/ DATASOURCE: Grand Entertainment and Music
Inc. CONTACT: Mr. F. Underhill of Grand Entertainment & Music
Inc., +1-514-328-9348; or Mr. T. Specialeof MacReport.NET,
+1-631-393-5075, for Grand Entertainment and Music Inc. Web site:
http://www.gem-music.com/
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