MISSISSAUGA, Ontario, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Primco Management, Inc. (OTCQB:PMCM) a real estate management holding company, today announced that it has entered into a definitive agreement to acquire a 100% interest in ESMG, Inc. ("Eat Sleep Media Group"), a high powered Los Angeles based entertainment company consisting of music, film, television, radio and sports. David Michery has been named President and CEO.
With over 25 years of industry success and experience, Mr. Michery has produced eighteen gold and platinum albums, with Artists such as Candyman, Sandra Gillette, Nate Dogg, 12 Gauge, Brotherhood Creed, Shi and most recently DMX, He has served in an executive capacity for a number of top music labels including MCA Records (1990-1993), All American Communication, D.B.A. Scotti Bros./BMG and Zoo/BMG (1993- 1997), Breakaway Entertainment (1997-1999) and Death Row Records (1999-2001), where he released the #1 hit single; "Changes". For the last 12 years, Mr. Michery has served as the top music executive for American Music Corporation where he released in excess of one hundred titles.
"We are extremely excited to begin a new chapter in entertainment history with our merger with Primco," stated Mr. Michery. "Consumer demand is constantly changing and our company is on the cutting edge with content and a state of the art delivery system that will blow our competition away. Our merger with Primco will enable us to access the capital we need to grow this company into a $100 million operation in the very foreseeable future and more importantly, have us listed on NASDAQ to dramatically increase shareholder value. Our management team sees a very bright future."
Upon completion of the acquisition, Primco will file a name and symbol change to ESMG. Under the terms of the agreement, there will be no stock reverses for a period of two years.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Leonard Lavallo (716) 240-0394
Primco Management, Inc.
Mississauga, Ontario, CANADA
Leonard Lavallo (716) 240-0394
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