SEATTLE, Sept. 12, 2014 /PRNewswire/ -- Primco Management
Inc. (OTCBB: PMCM), a medical marijuana, real estate management and
multi-media company, today announced that the Company's Board of
Directors has declared a stock dividend of its ESMG, Inc. music
division, effectively divesting the entertainment asset to become a
newly traded stock on the OTCQB market. Brandon Padilla, former Vice President of
marketing at Virgin Records, has been appointed President.
Shareholders as of record date October 1,
2014, will receive one share of ESMG common for each 50
shares of Primco Management, Inc.
"By splitting Primco into two distinct trading companies, we can
utilize the public markets to separately and effectively fund each
operation independently with no ill effect on the other and zero
dilution to any current Primco shareholder," stated David Michery,
CEO of Primco. "I have great confidence in Brandon and am
convinced that ESMG, as a separately traded entity, will greatly
benefit all of our Primco shareholders in the long run."
Brandon Padilla was a former Vice
President of Marketing for Virgin Records and was credited as part
of the team responsible for breaking the records of smash hit
artists Daft Punk, Lenny Kravitz,
Smashing Pumpkins and Mariah
Carey. Terms of Mr. Padilla's employment agreement
were not disclosed at this time.
In other news, Primco announced that it has completed the
acquisition and consolidation of "My Suzy Q's" and "Seattle Green
Care" in Seattle, WA.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail
Productions and D & B Music, Inc., the Company operates as an
integrated entertainment company with divisions in music and film
production and distribution. Primco also operates in various
aspects of the real estate industry. (For additional information,
visit www.primcousa.com).
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.
Primco Management, Inc. (OTCBB:PMCM)
2211 Elliott Ave.
Suite 200
Seattle, WA 98121
United States
Phone: 206-455-2940
Email: contact@primcousa.com
SOURCE Primco Management Inc.