SEATTLE, Oct. 2, 2014 /PRNewswire/ -- On September 15, 2014, Primco Management Inc. (OTCBB: PMCM), a medical marijuana, real estate management and multi-media company, announced an asset spin-out of its ESMG, Inc. music division via a stock dividend of shares of ESMG, Inc. to Primco's shareholders of record as of October 1, 2014.  Primco has determined not to proceed with the spin-out at this juncture because of certain covenants in its agreements with its creditors.  Primco hopes to be able to complete the spin-out during the next year.

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.

CONTACT: David Michery, CEO, (562) 565-9967

SOURCE Primco Management Inc.