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PLLX : What's All the Buzz About? DLQ

From: pllx6123
Subject: PLLX : What's All the Buzz About? DLQ
Date: Mon, 25 Feb 2002 22:24:41 -1800




1.PLLX projects that if the company captures 1/5 of 1% of the recorded music market the company will generate at least $55 million in cumulative revenues over the next 5 years. The company currently operates with an extremely low overhead of only $350,000 - $500,000 per year.
2.PLLX currently manages two up-and-coming bands, Track 10 and TEK3.  Harder Beat magazine has given Tek 3 rave reviews and has already labeled them a band with ÿFFFF93the potential of having a long career.ÿFFFF94
3.PLLX has recently entered into a consulting agreement with David H. Chidekel, a leading New York entertainment attorney whose client list has included such big names as Universal Records Group, EMI Records, Arista Records, and Shaggy, Filter and Dee Lyte.  Mr. Chidekel joins ParallaxÿFFFF92s advisory board and will serve as a consultant during the companyÿFFFF92s expansion


PLLX has joined forces with Uncommon Media Group (OTCBB:UMDA) to promote Tek 3 on an enhanced CD-ROM in over 350,000 issues of the June edition of the World Wrestling  FederationÿFFFF92s RAW Magazine.  Parallax also plans on circulating over 800,000 copies of a CD-ROM featuring Track 10 and Tek 3 in the July issue of SPIN magazine as well.       


PLLX test marketed two songs by artist Track 10 on radio station KQKY Hits 106FM. Both consecutive tests resulted in the songs becoming the number one request topping major label artists including Alien Ant Farm, Gorillaz, N*SYNC, Michael Jackson, Staind, Alicia Keys and DestinyÿFFFF92s Child.       


PLLX recording artist Tek 3 is currently collaborating with producer Carlos Broady for tracks on their debut release on Parallax Records. Mr. Broady has produced tracks for such well known artists as Sean Puffy Combs ÿFFFF91Puff DaddyÿFFFF92 (Bad Boy/Arista), Notorious B.I.G. (Bad Boy/Arista), Mase (Bad Boy/Arista), LilÿFFFF92 Kim (Untentertainment/Arista) and LL Cool J (Def Jam Music Group). Recently, Broady produced tracks for artist India Arie whose debut album on Universal Records was nominated for seven (7) Grammy Awards including Album of the year.       



Parallax Entertainment, Incorporated has brilliantly positioned itself to become a leader in the online music industry.  Not only does it represent and license hot new bands, but it also serves as an online portal for all types of musicians seeking to expand their audiences.  Overhead costs are kept at a minimum and revenue potential in the industry is enormous.  Management is actively consulting entertainment industry experts like David Chidekel who has represented numerous major label artists and who is currently ÿFFFF93of counselÿFFFF94 to the prestigious law firm that also represents NSYNC and LFO.  All in all, if looking for a play in the exploding online music market then PLLX is definitely worth a second look


          SYMBOL:        PLLX
 CURRENT PRICE:       $0.08
   52 WEEK HIGH:       $0.16
    52 WEEK LOW:       $0.05



Parallax Entertainment, Inc. is a music industry concern operating two divisions:  Parallax Records and Hitdial.com.  Parallax Records produces music for a variety of categories and maintains ownership of the intellectual property rights of the albums produced The company develops the artist and then markets and licenses the finished product to major record labels.  Revenue is generated from advances on future royalties, royalties, publishing royalties, merchandise sales, and merchandise royalties. HitDial.com acts as a promotional outlet and e-commerce solution for musicians via the Internet.  Musicians can apply to obtain a ÿFFFF93micro-pageÿFFFF94 on the HitDial site where they can display a biography, audio sample, and photo of their band.  As members, musicians will benefit by gaining a larger fan base and the company profits from the sale of the membersÿFFFF92 merchandise and the gathering of valuable consumer data statistics on the industry.


Over the last decade the music industry has been consolidated into 5 conglomerates controlling 75% of the worldÿFFFF92s music market: Sony Corp., AOL Time Warner, Inc., EMI Group, Bertelsmann AG, and Vivendi Universal. With consumers no longer replacing old cassettes, albums and 8-tracks, sales of back catalogue music has tapered off. According to SoundScan, sales of recorded music dropped by roughly $50 million (US) last year. With investors to report to, these major labels are responding by restructuring. In an effort to deliver short-term profits, these mega-giants are looking for quick hits and have ceased the age old process of discovering and developing talent. Now major record labels are turning to independent labels and artist management companies in search of already developed talent. This has created an expanding and lucrative niche for companies like Parallax. Examples of two independent labels that have prospered during recent consolidations are Wind-Up Records (Creed, Drowning Pool) and Roadrunner Records (Nickelback, Slipknot).

The 2000 global music market was worth $36.9 Billion with total unit sales of over 3.5 billion.  With such an enormous potential market, even the smallest gain of market share could mean millions for Parallax Entertainment. Jupiter Media Metrix, a leader in e-commerce data development, expects a continual annual growth rate of 76% in online music sales (growing to about $2.6 billion in 2003).  With many top recording artists actively recruiting agents to manage their Internet presence, Parallax Entertainment Inc. is perfectly positioned to become an industry leader.


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