|
|||||||||
Press Release OM Records Announces Additional Investment By LRG Capital Larkspur, CA-(September 17, 2007) -- LRG Commercial Ventures, an affiliate of LRG Capital Group, has increased its stake in San Francisco-based Om Records. Om will utilize the proceeds from this additional investment to further develop new content and its reach into digital markets."Om has grown into an internationally recognized lifestyle brand," said Lawrence 'Larry' Goldfarb, CEO of LRG Capital Group. "The company has successfully leveraged its intellectual property to monetize its brand and the content it controls. Recent license deals with shows like HBO's Entourage and companies like EA Sports, Nordstrom, Banana Republic, and Gap clearly demonstrate the success of Om's licensing approach." "We're excited to have the continued backing of LRG Capital Group as we make our way through the digital landscape," says Christopher Smith, Om's CEO. "Mr. Goldfarb understands the Om vision and has been a valuable asset in achieving our goals. We have successfully transformed Om from a record company into a global lifestyle brand, focused on exploiting IP through digital media, licensing, merchandising, events, and corporate services." About LRG Capital Group, LLC LRG Capital Group, LLC (www.lrgcapital.com), is a global merchant bank that specializes in making investments in and providing financial advisory services to publicly traded and private companies. With offices in San Francisco and New York, the firm represents companies on equity and debt placements, restructurings, recapitalizations, management buyouts and other strategic alternatives. LRG Capital Group is also the investment manager for the BayStar Capital III Investment Fund, L.P., which makes direct investments in public and private companies using a wide range of structured debt and preferred securities convertible or exchangeable into a company's underlying equity. BayStar Capital III combines successful equity investing expertise with proven structured debt strategies. Additionally, LRG Capital Group invests in and owns various entertainment interests and U.S. and non-U.S. real estate assets, including derivative interests in real estate securities and real estate development projects and properties. About Om Records Founded in 1995 in San Francisco, Om Records is a music lifestyle company with a diverse catalog of thousands of music copyrights. Om's core business activities include music marketing, publishing, merchandising, and licensing. Om is also a global events production company with hundreds of music showcases per year, and a style brand with design accolades from nearly every major publication in the world, including VIBE magazine, Billboard magazine, the New York Times newspaper, and Rolling Stone magazine. Branded the "United Nations of Future Music," Om's mission is to market music that is refined, innovative, and always pushing boundaries. Visit www.om-records.com for more information. |
|||||||||
|
|||||||||