SMC Recordings Inc. Appoints David Newberg as Chief Financial Officer
February 02 2010 - 4:24PM
Marketwired
Burgeoning San Francisco based SMC Recordings Inc. (PINKSHEETS:
SMCE) brings on industry veteran David Newberg as their new Chief
Financial Officer. Newberg brings over twenty years of financial
acumen from successful music and media properties such as
EMI/Priority Records, WMG/Rhino Entertainment, Live Universe, and
maniaTV. This is just one of the many exciting announcements the
leading indie label has in store for this year.
In addition to helping SMC Recordings explore additional revenue
streams and partnerships, Newberg will oversee execution of the
profitability and expansion strategy implemented by CEO Ralph
Tashjian. "David brings experience on multiple levels to SMC, as we
forge ahead to seize the current opportunities in our business. The
financial expertise he possesses will greatly augment SMC's future
success," said Tashjian.
David Newberg's wealth of experience includes his time as VP of
Finance at Rhino Entertainment, a subsidiary of Warner Music where
he directed company accounting for all business units, maintaining
revenue which grew to 500 million globally. He served as Chief
Financial Officer of Live Universe Inc., a start up company that
owns over 40 social/music media, websites, where he was responsible
for directing all company accounting, finance, and human resource
functions. Previous to that he was Chief Financial Officer of Delta
Entertainment Corporation, a self-distributing mid-sized
entertainment company that wholesales audio and video products.
SMC's strong new media platform has positioned the company as a
leading competitor in the market, continuing to expand in the
ever-changing digital world. "The music industry has changed
significantly, allowing indie labels the opportunity to reemerge
and compete with the majors," Newberg shared. "I wanted to join the
SMC team because they have created such a smart and profitable
business model. This is a company that has had a slew of major
successes and is truly on the verge of exploding into the market. I
see great things ahead and I am excited to be a part of it."
About SMC Recordings:
Established in March of 2005, SMC Recordings is home to
independent music and artists. Based in San Francisco, CA, the
company's prized accomplishment is its unique philosophy of artist
development, where artists are encouraged to participate with the
label from inception through maintenance of their careers. This
innovative structure has garnered industry veterans to join the
company and aid in its growth. SMC is distributed by Fontana, the
indie distribution subsidiary of Universal. It is SMC's humble
regional beginnings and loyalty to their artists and their careers
that will guarantee the company to always be on the precipice of
creativity and expansion in the music game.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements in this release that are forward-looking
statements are based on current expectations and assumptions that
are subject to known and unknown risks, uncertainties, or other
factors which may cause actual results, performance, or
achievements of the company to be materially different from any
future results, performance, or achievements expressed or implied
by such forward-looking statements. Actual results could differ
materially because of factors such as the effect of general
economic and market conditions, entry into markets with vigorous
competition, market acceptance of new products and services,
continued acceptance of existing products and services,
technological shifts, and delays in product development and related
product release schedules, any of which may cause revenues and
income to fall short of anticipated levels. All information in this
release is as of the date of this release. The company undertakes
no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's
expectations.
Contact: Ron Taylor SMC Recordings 415-742-6177
investors@smcrecordings.com
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