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American Southwest Music Distribution Obtains Shareholder Approval for Ultimate Sports Merger

Business Wire, April 1, 2008

Special Shareholders Meeting Rescheduled for April 18, 2008

HOLLYWOOD -- The Board of Directors of American Southwest Music Distribution, Inc. (OTCBB: ASWD) today announced that both companies have obtained majority shareholder approval regarding the merger of American Southwest and Ultimate Sports Entertainment, Inc. As previously announced, the combined company will be renamed Ultimate Sports Resort, Inc.

A Special Shareholders Meeting has been rescheduled for April 18, 2008, at the Radisson Hotel in Newport Beach, CA at 9:30 AM. The Meeting, for information purposes only, is open to all shareholders. David Michery, President of American Southwest, and Matt Rose, President of Ultimate Sports, will be in attendance. The required Schedule 14(c) Information Statement has been filed with the Securities and Exchange Commission and will be forwarded to all shareholders of record March 7, 2008 within the next week.

"We are extremely excited to bring this merger to a successful conclusion in the very near future," stated David Michery, President of American Southwest. "The planned Ultimate Sports Resort, in North Las Vegas, will become the premier family and sports vacation destination in the Greater Las Vegas area and we are confident that our shareholders will reap the benefits of this combination over the next several years."

Pending comments from the Securities and Exchange Commission, the merger will become effective within 20 days of notification of all shareholders as of the March 7, 2008 record date.

About American Southwest Music Distribution, Inc.: American Southwest Music Distribution, Inc. (www.aswmd.com) is a publicly traded company partnering with Universal Records, a division of UMG Recordings Inc., to form a niche market in the production, marketing and distribution of fresh musical talent via traditional and nontraditional vehicles.

About Ultimate Sports Entertainment, Inc.: Ultimate Sports Entertainment, Inc. (www.ultimatesportsresort.com) is a privately held Nevada corporation in the business of developing and building an all encompassing total sports experience -- "The Ultimate Sports Resort." Components of the planned facility will include sports venues, sports activities, "Hall of Fame" quality sports memorabilia, 5,152 hotel rooms, 1 million sq. ft. of convention space and 500 luxury condominiums.

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.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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