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Label News (more headlines) 05-19-2000

RAY CHARLES SIGNS WITH INVISION RECORDS, NEW INDEPENDENT LABEL

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Email: tshea@griffinpr.com
NEW YORK, May 19, 2000 — Legendary performer Ray Charles has signed a multi-record recording contract with InVision Records™, a newly -formed label and a wholly owned subsidiary of Falcon Entertainment Corp. (OTC BB: INDE). The 12-time Grammy® Award winner will release all new material on the InVision label.

In addition to his Grammy Awards, Charles has been inducted into the Rhythm & Blues, Jazz and Rock & Roll Halls of Fame, a testament to his versatility as a musician and confirmation of his contributions to virtually every facet of popular music. His name is on a Star on Hollywood Boulevard’s Walk of Fame, and in 1993 President Bill Clinton presented Charles with the National Medal of Arts.

"All of us here at InVision Records are thrilled to be working with Ray Charles as he enters the sixth decade of his amazing career," said Mark Eddinger, President, InVision Records, Inc. "I feel that his decision to sign with us validates the label’s grass roots approach to dealing with artists and their music. We look forward to releasing new material from one of the most legendary recording artists and performers of all time."

"I’m very happy to be involved with InVision Records because the programs that they’ve come up with will make sure that the music gets heard — not just mine, but amateur artists as well," said Charles. "And then they go a step further with a commitment to make sure that their artists are satisfied with their music. Nobody does that anymore. It’s the way the industry used to work, and it’s great to find a label providing that kind of support."

InVision Records was created with a commitment to cultivate the careers of new and established artists and is managed by an executive team of seasoned industry experts that includes four Grammy Award winning musicians, songwriters and producers.

"Our philosophy is that artists and their music come first," explained Eddinger. "We are committed to empowering and nurturing artists, in contrast with the corporate mentality at many labels today that is smothering creativity."

"It’s all about the music — that’s what matters to me, and the people at InVision Records are people who stand behind their word," said Charles. "It’s more than just contracts and money, these are men whose word means something. What we’re doing is going back to the way music and artists used to be treated in this business."

Charles will be among the industry luminaries at a gala here on May 23 at Webster Hall to herald the launch of InVision Records and another Falcon Entertainment subsidiary, Independent Music Network Television™ (IMNTV™), an innovative new music television network that will air music videos from amateur and professional musicians. With its relationship to IMNTV, InVision stands alone as the only label with a proprietary television network to promote its artists. To provide an objective forum for independent musicians, all advertising time on IMNTV will be devoted to promoting the network and artists signed to InVision Records and Ecity Records, Falcon Entertainment’s developmental label.

About Falcon Entertainment
Falcon Entertainment Corp. is a diversified entertainment company focused on three primary areas: Broadcasting and Cable Networks, Music, and Internet websites. Falcon’s wholly owned subsidiary IMN intends to broadcast and webcast (subject to content) all amateur and professional music television videos submitted from around the world on national cable and direct satellite television, 24 hours a day, seven days per week on IMNTV. IMNTV intends to simultaneously webcast these music videos on its Internet website www.IMNTV.com. Webcasting the music videos enables audiences worldwide to view artist performances that may not be televised in their respective markets.

Companies in Falcon's sector include: Yahoo! Inc. (NASDAQ: YHOO), CDnow, Inc. (NASDAQ: CDNW), Fox Entertainment Group, Inc. (NYSE: FOX), Amazon.com, Inc. (NASDAQ: AMZN), America On Line, Inc. (NYSE: AOL), Lycos, Inc. (NASDAQ: LCOS), EMusic.com, Inc. (NASDAQ: EMUS), Musicmaker.com, Inc. (NASDQ: HITS), Viacom, Inc. (NYSE: VIA) and eBay, Inc. (NASDAQ: EBAY).

Independent Music Network, Inc., InVision Records, Inc. and Ecity Records, Inc. are all wholly owned subsidiaries of Falcon Entertainment Corp. Falcon is headquartered in New York, NY.

This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause actual events to differ materially from these forward-looking statements include, but are not necessarily limited to, the following: there is intense competition for web-based business and entertainment content and Falcon may not be able to compete successfully for advertisers and content; Falcon’s systems may not be able to accommodate increases in the number of users of its services; Falcon needs to expand its business and be able to do so successfully, and; if Falcon is not able to successfully launch its television programming or does not develop new and enhanced services and features for its website, it may not be able to attract and retain a sufficient number of users. These and other risks are described in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-KSB for the fiscal year ended May 31, 1999 and Quarterly Report on Form 10-QSB for the period ended February 29, 2000.


This is neither an offer to buy or sell a security and is for informational purposes only.

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