WMD Holdings Inc. Completes Entry Into $1.9 Billion Recorded Music Industry by Acquiring Progressive Music Label 'ProgRock Records' LOS ANGELES, Aug. 17 /PRNewswire-FirstCall/ -- WMD Holdings Group, Inc. (OTC:WMDH) has completed its acquisition of ProgRock Records on schedule in a cash and stock transaction. ProgRock Records had revenues for 2003 of approximately $200,000. The company's distribution lines span the globe with the bulk of their distribution in the US and Europe. ProgRock Records currently has over 25 bands and artists on its roster and is regularly signing new talent. WMD's i2 Recording studio (http://www.i2recording.com/) has been hosting talent from the US and Canada for appearances on its upcoming releases. After work on Chain's new CD "chain.exe" had to be put on hold for the production of the critically acclaimed "Frameshift" featuring Dream Theater's James LaBrie, i2 Recording's producer Henning Pauly is close to finishing the follow up album. The new CD offers a more impressive progressive metal experience and features some of the best progressive rock talent in the world. Among the musicians are Michael Sadler, lead singer from Saga (http://www.saga-world.com/) and Mike Keneally (Frank Zappa, Steve Vai, Mullmuzzler, Beer for Dolphins, etc. -- http://www.keneally.com/) who lends his voice and guitar skills to the last track on the album. Sadler is singing on an already highly praised cover version of Saga's own "Hot to Cold" together with Chain's lead singer Matt Cash and Maya Haddi, who will also be singing together with Sadler on the upcoming double CD rock opera "Babysteps" to be released in the fall. The standout track on "chain.exe" is the 38 minute epic "Cities," which will also features vocals by Michael Sadler and a short guest appearance by Trans Siberian Orchestra's Jody Ashworth (http://www.jodyashworth.com/). For more information on upcoming releases, please visit http://www.progrockrecords.com/ or http://www.wmdholdings.com/. "Purchasing a well-established record label to market and distribute the projects we are turning out of our studio is a huge step forward for the growth of our corporation," said Michael Donlon, President of WMD. "In addition, we are very fortunate that the label's founder, Shawn Gordon, has agreed to head this new division. Shawn's expertise and entrepreneurial spirit will be a great asset to our team and we are excited to have him on board." About ProgRock Records ProgRock Records was founded in December 2002 as an outgrowth of the popular Internet radio station Progrock.com. In February 2003, ProgRock Records started selling their first artists and quickly gained attention as the fastest growing and most interesting record label in the genre. In their first year, ProgRock Records released a number of albums, but the stand-out was the Frameshift "Unweaving the Rainbow" release (by producer / composer Henning Pauly (http://www.henningpauly.com/), which featured vocalist James LaBrie from the multimillion-selling band Dream Theater. This CD rapidly gained rave reviews from around the world and opened the door for ProgRock Records to produce even more exciting material. In this second year of existence, ProgRock Records is expecting to release material that will include artists from the multimillion-selling acts Savatage, Trans-Siberian Orchestra, Saga and Megadeth. In addition, albums featuring guitar legends Allan Holdsworth and Mike Keneally (Frank Zappa / Steve Vai / Mullmuzzler / Beer for Dolphins) will also be released. About WMD Holdings (http://www.wmdholdings.com/) WMD Holdings Group, Inc. (OTC:WMDH) is the parent company of CAM Marketing Company (http://www.cam-marketing.com/), JingleGroup (http://www.jinglegroup.com/) and i2 Recording (http://www.i2recording.com/). CAM is a multi-faceted media company offering a multitude of services including marketing strategy development, graphic design, photography, audio and video production, website development, web hosting, Internet marketing, promotional event coordination, and media negotiation and placement. JingleGroup and i2 Recording make up a full-service music production house. Services include recording, lyric writing, arranging and producing music for projects ranging from full-length albums to jingles, multi-media presentations to film scoring. Annual sales exceeded $1.6 million in 2003. Safe Harbor Statement The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors. DATASOURCE: WMD Holdings Group, Inc. CONTACT: Patrick M. Rost, President of PMR and Associates, LLC, +1-858-350-0409, ; or Amy McLane of CAM Marketing Company, +1-909-422-1999, both for WMD Holdings Group, Inc. Web site: http://www.i2recording.com/ Web site: http://www.pmrandco.com/ Web site: http://www.progrockrecords.com/ Web site: http://www.cam-marketing.com/ Web site: http://www.wmdholdings.com/

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