NEW YORK, Jan. 4 /PRNewswire/ -- Masterbeat Corporation (OTC Bulletin Board: GRNN), owner of the digital music download website www.masterbeat.com, said today that it has selected Allen & Caron, Inc., with offices in New York City, Irvine, CA and London, as its agency for investor relations and corporate communications. Allen & Caron will assist Masterbeat with developing an outreach program and with media relations to increase visibility in the investment community.
Masterbeat was founded by international celebrity DJ Brett Henrichsen, who will serve as the company's President and CEO. Other music industry leaders with direct knowledge of the dance and electronica sounds will also join the Board. Dick Wingate, a digital music technology veteran, will be appointed non-executive Chairman of the Board.
Other board members include Richard Rowe, a former SONY executive, and Ted Green, former CEO of Anchor Bay Entertainment and former Chairman of TMI Media and Entertainment.
Although it specializes in the dance and electronica music genres, Masterbeat has more than 4 million songs for sale on its state-of-the-art website www.masterbeat.com, and is the only digital service provider to carry "lossless" (uncompressed, CD quality) files from major record labels including Warner Music Group and Universal Music Group.
"We are working closely with major and independent record labels and our goal is to take a leadership position in dance music," said Henrichsen, who is also a former marketing executive at IBM. "At the same time, we want to build a base of institutional investors and have chosen Allen and Caron because of their long track record of helping small-cap companies broaden their exposure to the investment community. We look forward to working together."
In December 2009, Masterbeat merged with Green Mountain Recovery (OTCBB: GRNN) and the name was changed to Masterbeat Corporation. The Company is currently listed as GRNN pending assignment of a new ticker symbol.
Joseph Allen, Chairman and CEO of Allen & Caron, said, "We believe that Masterbeat is a unique media company with a focused business model poised to make its mark by strategically targeting the dance and electronica genre, which is a powerful vertical with an extremely loyal consumer following. Masterbeat already has an impressive list of musical offerings and a well-known group of senior managers. We believe that when investors meet Masterbeat they will agree that it is a company in the right place at the right time with a focused strategy."
About Masterbeat Corporation
Masterbeat Corporation owns and operates the www.masterbeat.com website, making dance music, remixes and electronica more readily available to consumers on the internet. The Company's ancillary business operations include automated ticketing site www.circuitticket.com, and printing concern www.posterprintshop.com.
About Allen & Caron
Allen & Caron is a full-service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes emerging growth companies in a range of industry segments. The firm has offices in Irvine, California; New York City and London; maintains representation in Paris; and has an affiliate relationship with a leading investor relations firm in Italy, with offices in Milan and Rome.
Forward Looking Statements
This press release contains certain "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the efficacy of potential products, the timelines for bringing such products to market and the availability of funding sources for continued development of such products. Forward-looking statements are based on management's estimates, assumptions and projections, and are subject to uncertainties, many of which are beyond the control of Masterbeat Corporation and Green Mountain Recovery Inc. Actual results may differ materially and adversely from those anticipated in any forward-looking statement.
Contact: Allen & Caron Masterbeat.com Michael Mason (investors) Brett Henrichsen Brian Kennedy (media) Chief Executive Officer 212 691 8087 323-467-5555 firstname.lastname@example.org email@example.com firstname.lastname@example.org
SOURCE Allen & Caron