This content is brought to you by Audiocourses dot com
On March 23rd, 2004, Energy Sources Inc. (Pink Sheets: EGYC) signed a merger
agreement with Crossstreet Distribution Inc. (Pink Sheets: CSDN) of Houston,
TX. On March 31st, 2004 via shareholder vote, the parent corporation was re-named
Crossstreet Distribution Inc., (WY) and a 4:1 forward split was passed.
The trading symbol was changed to CSDN, with the securities quoted on the Pink Sheets,
www.pinksheets.com. The company currently has 13,057,080 shares issued and outstanding.
Crossstreet is a recording and distribution company
specializing in a genre of urban contemporary music called Mac Music.
As President and Director of the public corporation is Aaron Johnson, a twenty
year veteran of the music industry. Throughout his career, Mr. Johnson acted
as an independent producer for several internationally renowned recording artists
and amongst other positions, served as President of Keynote Distribution for
a period of four years. Mr. Johnson will be focused on the distribution of Crossstreet's
music throughout the United States as well as growing the corporate brand.
Mr. Chuck Fassert will be joining Crossstreet as a Director of the company
and Vice President of the record label. Chuck Fassert's music career reads like
a who's who of rock n' roll, rhythm and blues, and rap/hip-hop history. Having
amassed twenty-five gold and platinum albums as well as a Grammy, his musical
life spans the spectrum of successful singer/songwriter, record company owner,
and promotional marketing executive for a variety of major labels.
His career began with writing and performing the #1 classic "Barbara Ann".
After his recording career, Chuck moved to ABC/Dunhill Records where he was
responsible for many of the chart topping hits by such groups as The Mamas and
Papas, Steppenwolf, Isaac Hayes, Jim Croce, Three Dog Night, Chaka Khan, Bobby
Bland, and B.B. King.
Chuck then went on to become VP of National Sales, Marketing, & Promotion
for Invictus Records and Hot Wax Records. During this time he furthered the
careers of such artists as Freda Payne, Chairman of the Board, The Honey Cones,
Eight Day, and 100% Proof. Following this, he became the VP of National Sales
& Marketing for Sussex Records. It was here that he broke such acts as Bill
Withers, Dennis Coffee, Wadsworth Mansion, and Gallery.
Chuck then ventured out on his own, forming Beverly Glen Records. From its
inception it was a chart-topping success with his discovery of Anita Baker and
the signing of Bobby Womack. With Baker's jazz success (as well as Pop and R&B)
Fassert was determined to pursue the jazz market further. This pursuit resulted
in top five albums for Ronnie Laws, The Jazz Crusaders, Wilton Felder, and Wayne
Henderson.
Looking for a new direction, Chuck then catapulted to the forefront of the
Rap and Hip-Hop explosion as VP of National Marketing & Sales for Macola
Records. Here he handled the debuts and successes of numerous ground breaking
acts such as N.W.A., Eazy-E, Ice-Cube, Dr. Dre, Yella, Comptons Most Wanted,
Timex Social Club, The Wreckin' Kru, Tony! Toni! Tone! and the debut single
of MC Hammer.
The company is currently launching an office in Los Angeles, CA and will be
releasing its first CD in Q2, 2004. The company will also be offering its music
via its own website. This is slated for Q3, 2004.
Forward-looking statements and comments in this press release are made pursuant
to safe harbor provisions of the Securities Exchange Act of 1934. Such statements
relating to, among other things, the prospects for the company to complete the
transaction and enhance operating results, are necessarily subject to risks
and uncertainties, some of which are significant in scope and nature. These
risks may be further discussed in periodic reports and registration statements
to be filed by the Company from time to time with the Securities and Exchange
Commission in the future.
