MONTREAL, Aug. 23, 2005 (PRIMEZONE) -- Grand Entertainment & Music Inc. (Pink Sheets:GENM) announced today that the company has appointed Raul J. Cuza, a senior entertainment executive with over 15 years experience in the Latin music industry, as Executive Vice President of the company's Gem-Latina music division. Mr. Cuza most recently served as Vice President and General Manager of Eye For Talent, a leading world music talent agency, where he was directly in charge of booking, sales, and marketing for a vast array of international clients. His lengthy career has included positions as Director of Production, Music and Artistic Development, and his work has spanned the globe while focusing primarily on the Canadian and Latin American markets. Furthermore, Mr. Cuza has managed the operations of many multi-million dollar projects involving various Canadian music festivals and Latin American marketing ventures.
Mr. Cuza will oversee the daily operations of the Gem-Latina music division and will bring new development opportunities to the company. His wealth of experience has already proven to be an asset, as he was instrumental in the recent signing of the Gem/Plein Sud joint venture to Universal Music France. Currently, Mr. Cuza is focusing on the signing of over a half dozen potential artists to the Gem-Latina label. He is also finalizing the current production of the upcoming releases of Convoy Cubano, Qbanito, and many others.
"Raul is a welcome addition to the Grand Entertainment family and has already demonstrated his value to our company. We believe that Raul will be an intricate part of our future growth and one of the keys to our company fulfilling its mission statement goals," stated Fred Berlin, President and CEO of Grand Entertainment & Music Inc. Mr. Berlin went on to say, "I can not stress enough the importance of his personal involvement in the Gem/Plein Sud joint venture, and how much this one deal has put the Gem-Latina record label on the path for worldwide commercial success."
The company also announced the following developments in conjunction with its investor awareness program:
Website Update: Grand Entertainment is currently updating and further developing its one-of-a kind web site. Downloadable music, live streaming audio and video, and unique e-commerce sections are being added on a daily basis. While this site is being finished, the company has developed an investor friendly site with up-to-date stock prices, charts, and news, which can be accessed at www.genm-info.com.
Convoy Cubano: The Company is currently in production and post production on several albums to be released by the end of the year. Grand Entertainment & Music Inc. will begin mastering the Convoy Cubano album within a month and has set a release date for November 2005. Fred Berlin stated "We had originally set the release for earlier in the year, but the joint venture with Universal Music France and Qbanito forced us to move the release date for Convoy Cubano back a few months. We look forward to all these releases and believe the next few months will be very exciting and productive for the Gem-Latina Label."
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 Gold and Platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and internet distribution company in the music industry.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.