|
contents | blues | |||||||||||||
| 3PM Music Prepares for Initial Stock Offering 3PM Music Group Inc., Memphis's premiere record company and entertainment group, has filed with the Securities and Exchange Commission to publicly offer common and Series A Preferred stock to the residents of Tennessee, Mississippi and Arkansas. On December 6, 2005, The 3PM Music Group has authorized 40, 000 units of 3PM Music Stock consisting of 10 shares of common and 8 shares Series A Preferred Stock at a price of $110 per unit. This exclusive investment opportunity is designed to yield an investor a 356% return on their investment. "This is the first of it's kind for the Mid-South and Memphis, and we are seriously committed to rebuilding the Memphis music industry to national levels and providing an investment vehicle that our stakeholders can be proud of being involved with, " said Jonathan Cross II, President and CEO of the 3PM Music Group. "3PM Music Group is aggressive, both financially and strategically in developing the current mainstream music talent." Memphis, although known as the "Home of the Blues, the Birthplace of Rock & Roll, " and home to nationally renowned record labels such as Stax Records and Sun Records, has not provided a significant business opportunity and has dwindled as a dominant force in the music industry over the past 20 years. 3PM Music group's mission is to professionally invest in the multitude of talented producers, artists and songwriters of Memphis and the Mid-South through significant partnerships with high profile, high wealth professionals, aligning itself with respected companies throughout the Mid-South, and by the professional acumen and experience of its management team. "We hear the future and it sounds like Memphis, " said Jason Clark, vice president of production. "We are excited to extend our growth and provide significant stimulation to Memphis and the music industry at large." Memphis' Premier record company, The 3PM Music Group, Inc. has a unique business model that makes it a true music consortium. Vertically integrated, 3PM Music should be viewed as a family of multiple brands. The 3PM Music brand family includes the following operational identities: 3PM Music Group, Inc.; 3PM Music Publishing; 3PM Records & Media; 3PMMUSIC.COM; 3PM Entertainment Management; and 3PM Presents! Events & Promotions. 3PM Music Group's pillar of success is build around the fundamental value of profitably producing, promoting, and distributing socially responsible mainstream music in multiple genres. Additionally a key component of 3PM Music Group's growth strategy mandates strategic partnerships and joint ventures with independent producers and production companies, thus creating a strong union of talent and a valuable infrastructure within the music industry. The 3PM Music Group maintains a state-of-the-art 48 discrete track digital recording studio facility in Memphis, TN, complete with a staff of professional producers and music programmers with Grammy(R) nominated recording projects and has combined with it's executive management team well over 150 years of music industry experience. write your comments about the article :: © 2005 Jazz News :: home page |