United Consortium/On The Mark Entertainment Announces Intent to Acquire Corazong Records

Jun 02, 2010, 12:55 ET from United Consortium, LTD, d/b/a On The Mark Entertainment, Inc.

NEW YORK, June 2 /PRNewswire-FirstCall/ -- United Consortium, LTD, d/b/a On The Mark Entertainment, Inc. (Pink Sheets: UCSO), a full service production entertainment company, today announced that it has signed a Letter of Intent to acquire Corazong Music Management, B.V. (Corazong Records), an international music publishing, licensing, production and career development company based in the Netherlands with U.S. operations in Nashville, Tennessee.  

Corazong Records was founded in 1999 by veteran industry executive Evert Wilbrink, who, in 2002, was joined by famed A&M Records International exec Bert de Ruiter. The Company's proprietary music catalog is comprised of many of the world's most renowned country, pop, jazz and R&B recording icons, including Willie Nelson, Kim Carnes, Freddy Fender, Dee Dee Ramone and Rick Danko; as well as dozens of exciting new contemporary artists emerging on the international stage, including Julian Sas, Twilight Hotel and Krista Detor, among many other notables.  

Upon completion of the acquisition, which is expected to occur within the next six weeks, Corazong founder and CEO Evert Wilbrink will oversee the integration of Corazong's business operations into On The Mark Entertainment.   Marc Offenbach will be stepping down as President of On The Mark, but will remain as a strategic marketing consultant and advisor to the management team.

"The merger of Corazong and On The Mark Entertainment creates an international music powerhouse capable of delivering true '360' products and services to the worldwide entertainment industry," stated Offenbach.  "Given Evert's vision, I look forward to working closely with him to optimize our combined companies' valuable music assets and to establish On The Mark as an industry preferred source for world class talent, music and entertainment."

Over an accomplished career spanning 40+ years in the global music and entertainment industry, Wilbrink played a key role in the successful careers of many legendary artists, including the Kinks, Frank Zappa & The Mothers of Invention, Fleetwood Mac, Neil Young, The Doors and Van Morrison, and Joan Jett & The Blackhearts. In 1977, Wilbrink initiated the acquisition of Clive Davis' Arista Records from Columbia Pictures, laying the foundation for the ultimate emergence of the Sony-BMG Group. As a much sought after industry consultant, Wilbrink coordinated the Jersey Artists for Mankind charity project of the Springsteen band in collaboration with Virgin Music Publishing and Arista Records; reorganized Poppa Willie Music Publishing for legendary music producer Willie Mitchell; and served as 'spiritual guidance' behind the Billboard #1 success of "I Love Rock 'n Roll" by Joan Jett & the Blackhearts. In the late 1980s, he was the Managing Director of Tomato Records (Robert Cray, Townes Van Zandt, Jerry Lee Lewis, Fats Domino); and in the mid 1990's, he served as President of King Biscuit Flower Hour Records, where he led a successful turnaround of the iconic record label by establishing global distribution agreements with BMG Distribution USA and EMI Canada.

About United Consortium, LTD, d/b/a On The Mark Entertainment, Inc.

On The Mark Entertainment owns, licenses and markets its proprietary collection of many of the greatest pop and jazz tracks of all time to film studios, commercial production houses, video game production companies and consumers digitally through iTunes, Amazon.com, emusic, Rhapsody, and other leading online music stores, as well as brick and mortar retailers.  The Company's music catalogs currently feature a wide range of legendary, award-winning artists, including Frank Sinatra, Peggy Lee, Lena Horne, Sara Vaughn, Benny Goodman, Lionel Hampton, Duke Ellington and Glenn Miller, to name just a few.  Headquartered in New York City, On The Mark offers artists, managers and copyright holders an alternate to the current corporate business model by providing them with a home where they can freely flow their interests through the multi-channel universe of entertainment distribution.  

Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company's Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations.  Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company's ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, and the inherent risk associated with a new business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.  

SOURCE United Consortium, LTD, d/b/a On The Mark Entertainment, Inc.