NEW YORK, June 2 /PRNewswire-FirstCall/ -- United
Consortium, LTD, d/b/a On The Mark Entertainment, Inc. (Pink
Sheets: UCSO), a full service production entertainment company,
today announced that it has signed a Letter of Intent to acquire
Corazong Music Management, B.V. (Corazong Records), an
international music publishing, licensing, production and career
development company based in the
Netherlands with U.S. operations in Nashville, Tennessee.
Corazong Records was founded in 1999 by veteran industry
executive Evert Wilbrink, who, in
2002, was joined by famed A&M Records International exec
Bert de Ruiter. The Company's
proprietary music catalog is comprised of many of the world's most
renowned country, pop, jazz and R&B recording icons, including
Willie Nelson, Kim Carnes, Freddy
Fender, Dee Dee Ramone and
Rick Danko; as well as dozens of
exciting new contemporary artists emerging on the international
stage, including Julian Sas,
Twilight Hotel and Krista Detor,
among many other notables.
Upon completion of the acquisition, which is expected to occur
within the next six weeks, Corazong founder and CEO Evert Wilbrink will oversee the integration of
Corazong's business operations into On The Mark Entertainment.
Marc Offenbach will be stepping down as President of On The
Mark, but will remain as a strategic marketing consultant and
advisor to the management team.
"The merger of Corazong and On The Mark Entertainment creates an
international music powerhouse capable of delivering true '360'
products and services to the worldwide entertainment industry,"
stated Offenbach. "Given Evert's vision, I look forward to
working closely with him to optimize our combined companies'
valuable music assets and to establish On The Mark as an industry
preferred source for world class talent, music and
entertainment."
Over an accomplished career spanning 40+ years in the global
music and entertainment industry, Wilbrink played a key role in the
successful careers of many legendary artists, including the Kinks,
Frank Zappa & The Mothers of
Invention, Fleetwood Mac,
Neil Young, The Doors and
Van Morrison, and Joan Jett & The Blackhearts. In 1977,
Wilbrink initiated the acquisition of Clive
Davis' Arista Records from Columbia Pictures, laying the
foundation for the ultimate emergence of the Sony-BMG Group. As a
much sought after industry consultant, Wilbrink coordinated the
Jersey Artists for Mankind charity project of the
Springsteen band in collaboration with Virgin Music Publishing and
Arista Records; reorganized Poppa Willie Music Publishing for
legendary music producer Willie
Mitchell; and served as 'spiritual guidance' behind the
Billboard #1 success of "I Love Rock 'n Roll" by
Joan Jett & the Blackhearts. In
the late 1980s, he was the Managing Director of Tomato Records
(Robert Cray, Townes Van Zandt, Jerry
Lee Lewis, Fats Domino); and in the mid 1990's, he served as
President of King Biscuit Flower Hour Records, where he led a
successful turnaround of the iconic record label by establishing
global distribution agreements with BMG Distribution USA and EMI
Canada.
About United Consortium, LTD, d/b/a On The Mark
Entertainment, Inc.
On The Mark Entertainment owns, licenses and markets its
proprietary collection of many of the greatest pop and jazz tracks
of all time to film studios, commercial production houses, video
game production companies and consumers digitally through iTunes,
Amazon.com, emusic, Rhapsody, and other leading online music
stores, as well as brick and mortar retailers. The Company's
music catalogs currently feature a wide range of legendary,
award-winning artists, including Frank
Sinatra, Peggy Lee,
Lena Horne, Sara Vaughn, Benny
Goodman, Lionel Hampton,
Duke Ellington and Glenn Miller, to name just a few.
Headquartered in New York
City, On The Mark offers artists, managers and copyright
holders an alternate to the current corporate business model by
providing them with a home where they can freely flow their
interests through the multi-channel universe of entertainment
distribution.
Certain statements contained in this press release, which are
not based on historical facts, are forward-looking statements as
the term is defined in the Private Securities Litigation Reform Act
of 1995, and are subject to substantial uncertainties and risks in
part detailed in the respective Company's Securities and Exchange
Commission filings, that may cause actual results to materially
differ from projections. Although the Company believes that its
expectations are reasonable assumptions within the bounds of its
knowledge of its businesses, expectations, representations and
operations, there can be no assurance that actual results will not
differ materially from their expectations. Important factors
currently known to management that could cause actual results to
differ materially from those in forward-looking statements include
the Company's ability to execute properly its business model, to
raise additional capital to implement its continuing business
model, the ability to attract and retain personnel – including
highly qualified executives, management and operational personnel,
and the inherent risk associated with a new business to achieve and
maintain positive cash flow and net profitability. In light of
these risks and uncertainties, there can be no assurance that the
forward-looking information contained in this press release will,
in fact, occur.
SOURCE United Consortium, LTD, d/b/a On The Mark Entertainment,
Inc.