Modern Records Arrives On the Internet

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Aug.16, 1999--Modern Records, Inc. (VSE: MZR.V: OTC BB:MDNR) today announced the launch of its Corporate Web Site http://www.modernrecords.com .

The site is Modern Records' first foray into the Internet and it is designed to showcase artists, who are currently signed on the label. In addition to this the site is divided into seven major corporate components which function as an Online investor package. Visitors to the site can view management profiles with photos, a corporate profile and direct links to third party providers of news, delayed quotes, stock charts, SEC filings and more.

The Home page will be updated on an ongoing basis and will provide direct sales of Modern Records' multi-platinum artist Stevie Nicks and will also have direct links to some of Stevie Nicks' own sites. Stevie Nicks, who has sold over 100 million albums combined with Fleetwood Mac and her solo career is viewed by many as one of the top female rock vocalists of all time. Recently, VH-1.com users voted Stevie Nicks as the number one female rock vocalists of all time.

Modern Records recently signed the Jacksons for a multi-album deal and they will also be featured on the site in the future. The Jacksons have been recognized leaders in the international recording industry since 1969 when the first Jackson 5 single was released. In 1997 the Jackson 5 was inducted into the Rock'n Roll Hall of Fame. They were the youngest group to ever receive such an honor. Prior to the release of the new Jacksons album on the Modern Records label, the Modern Records.com website will offer sales of the Jackson 5 (ABC-Motown) and also provides direct sales of Randy Jacksons siblings Michael Jackson (Thriller-Sony Music) and Janet Jackson (Janet-Virgin Records) as well as 3T (Brotherhood-Sony Music).

Multi-Platinum seller Jeffrey Osborne also has an album on the Modern Records label; "Something Warm For Christmas". Modern Records intends to market this product extensively over the Christmas season.

Modern Records website sales of albums are directly linked to Amazon.com and its album purchase program, through the Amazon.com Associates program.

"We are delighted to launch the modernrecords.com website," stated Modern Records President & CEO, Randy Jackson "We have in essence, the ability to now expose our current and newly signed artists to a world-wide audience of music lovers We are additionally planning to offer our fans the ability to listen to music tracks of and interviews with our artists. We are also happy to have my family on the site- This will not only increase sales for past and future recordings, but will also promote traffic and bring awareness for our other Modern Records artists ".

ON BEHALF OF THE BOARD OF DIRECTORS

(SIGNED) ----------------- Johan Grandin, Director

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy and/or accuracy of the content of this release. Forward looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties which may cause actual results to differ from those projected.

CONTACT:

Modern Records, Inc

Johan Grandin, 310/285-5370

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