Business Services Industry
American Southwest Music Distribution Announces Name Change, Reverse Split
Business Wire, Sept 7, 2006
LOS ANGELES -- Los Angeles, California independent record label American Southwest Music Distribution, Inc. (OTCBB:ASWD) announces its name has been changed from GL Energy & Exploration, Inc. American's stock trades on the OTC Bulletin Board under the new symbol (ASWD). The company completed a merger with GL Energy earlier this year and has successfully formed a relationship with Universal Music, one of the top three music distribution companies in the world, to distribute American's records through their network of distribution channels. Over the next several years, American will cement a solid foundation for success based on their keen eye for talent, managerial expertise in the industry and grass-roots marketing principles.
American also announces a 1-for-74 reverse split of its outstanding common stock. "One of our long-term goals is to create value for our shareholders while building a strong blueprint for success," said founder and CEO David Michery. American will continue to seek top Hip-Hop, R&B and cross-over bands in an effort to build their brand while differentiating themselves from competitors. American's newest act Wine-O released a single titled "Pop My Trunk" which is enjoying its 16th consecutive week on Billboard's top 100 R&B singles.
American Southwest Music Distribution is a dynamic growing company formed by music veterans David Michery and Robert Guillerman. Headquartered in Los Angeles, California, the company has formed a niche in the production, marketing and distribution of fresh musical talent via traditional and non-traditional vehicles. Please visit www.aswmd.com for more information and continuous artist updates.
This press release contains certain forward-looking statements, defined by the Safe Harbor Laws of 1933, 1934 and 1995, that involve risk and uncertainties concerning the company's expected performance (as described without limitation throughout the release), as well as strategic operational plans. Actual results may differ materially from the results predicated and reported. Results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's ability to compete with new or existing competitors; risks related to the integration of acquisitions; risks related to the Company's international operations; failure to manage growth and diversification; adverse results in litigation, including intellectual property infringement claims; the Company's ability to protect its intellectual property and the value of its brands; dependence on key personnel; dependence on third parties for technology, services, content and distribution, and general economic conditions.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article


