Randy Jackson Says He is Still President/ CEO of Modern Records

Beverly Hills, California, UNITED STATES

LOS ANGELES and VANCOUVER, BC, Sept. 28, 2000 (PRIMEZONE) -- Randy Jackson announced today that he remains as President/ CEO of Modern Records, Inc. (OTC BB:MDNRE) (CDNX:MZR), despite the erroneous press release, released by Johan Grandin, which failed to name the new Board of Directors. Mr. Jackson stated, "We are investigating the legal propriety of the Shareholder's Meeting, referenced in that release. "As of today, we have not received any notices, minutes, voting records, names and addresses of the new Board of Directors and officers. The present Board of Directors and Randy Jackson will continue to develop Modern Record's artists and nurture a positive relationship with the Entertainment community.


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