American Southwest Returns to its Music Roots

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Southwest Music Distribution, Inc. (OTCBB:ASWD) today announced that it is no longer seeking a merger candidate and the company is fully focused on building its music business. The company further announced that there will be no recapitalization of the stock nor will it entertain any reverse stock-splits.

“After the unsuccessful conclusion to the Ultimate Sports transaction, the new Board of Directors is clearly focused on this company’s original goals,” stated Chris Lotito, President. “And that is to produce, market and distribute original music. American Southwest’s plans are to establish a consistent cash flow in order to sign new artists and build its music catalog. The Company intends to achieve these goals by focusing its attention on quick turning revenue through concert promotion and the remarketing of its extensive catalog, previously valued at over $4,000,000. We are in negotiations at this time and look forward to further positive announcements.”

About American Southwest Music Distribution, Inc.: American Southwest Music Distribution, Inc. (www.aswmd.com) is a publicly traded company whose mission is to produce, market and distribute original music. The company owns a music catalog with over 100 albums including artists Dru Down, J-O Felony, Bizzy Bone and All 4 One, remembered for the #1 recording and Grammy winner “I Swear.”

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.