The Jacksons Sign with Modern Records

Monday, 01-Mar-99 13:50:48

BEVERLY HILLS, Calif., March 1 /PRNewswire/-- Modern Records, Inc. (OTC Bulletin Board: MDNR - news; Vancouver: MZR.V - news) today announced The Jacksons are back and will create and produce an album that will be their first release on the Modern Records label. Randy Jackson is president and CEO of Modern Records.

``This has been a dream come true for me to work on a new album together with my brothers,'' said Randy Jackson. ``This project is a very important step in establishing Modern Records as a dynamic, independent label in the recording industry.''

The legendary Jackson family has been a recognized leader in the international recording industry since 1969 when the first Jackson 5 single was released on the Motown label. The Jackson 5 went on to release 14 Motown albums and later, as The Jacksons, released seven additional albums on the Epic label.

In 1997, the Jackson 5 were inducted as the youngest group ever to the Rock 'n Roll Hall of Fame, validating them as one of the most successful groups of all time.

Founded in 1980, Modern Records, Inc. produces, licenses, acquires, markets and distributes high-quality recorded music. In 1997, Randy Jackson became president and CEO of the company and continues to assemble a quality management team including music industry business and finance professionals.

This statement includes forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition and other factors.

SOURCE: Modern Records, Inc.