Company Press Release
Wednesday, 31-Mar-99 17:32:57
The Jackson Family Gets Into Music-On-Demand Distribution: Jermaine Jackson Joins the Board of Directors of CD World Corporation
NEW YORK, March 31 /PRNewswire/ -- The following release was issued today by CD World Corporation:
Jermaine Jackson, singer, songwriter, producer, Emmy Award winner and member of the greatest family of entertainers of the last century has enthusiastically joined the Board-of-Directors of CD World Corporation headquartered in New York City. Jermaine recently met the Company in Los Angeles to discuss his new position of ``Ambassador to the Music Industry'' after completing his latest work on a new album along with his brothers. His understanding and desire to implicate himself in today's technological issues facing the music industry has led him to select CD Word. He has endorsed and committed fully to a technology and system that he firmly believes is the answer for future, digital, on-demand retail distribution system.
CD World Corporation is enthusiastic about the positive endorsement that this news brings; bridging the artistic and technological world for the implementation of their private and dedicated music Network (TM) of in-store kiosks called the Music Point(TM). Jermaine Jackson and the CD World staff are concentrating on this exciting phase of the Company's evolution from project to implementation. This appointment brings strength and depth to the Company bringing confidence to the present and future investors involved. Furthermore, it will help CD World in raising the final 28 Million Dollars they require in order to go public on the NASDAQ stock exchange, later this year.
This appointment also comes at a time the Majors discovered (NARM 99 convention) that there are more issues regarding the Internet and MP3 than answers.
Jermaine stated, ``Storing and distributing music on CD Word Corporation's system is the future 'World Bank for Artists,' securing their royalties and paying their copyrights.''
SOURCE: CD World Corporation