Swan Group of Companies Inc.
SWAN GROUP of Companies returns to its Entertainment roots.
Swan Group of Companies Inc. / Change of Personnel/Strategic Company Decision 12.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In the year 2010 the Group will concentrate on Music, Publishing, TV and Film, News, and a variety of established and exciting new-media Entertainment Ventures under the Target Label Frankfurt (Germany) Las Vegas- USA), 12th January, 2010. SWAN Group of Companies, Inc. (OTC: SWNG) is currently strengthening its interests in the international entertainment and leisure industries by forming - or acquiring interests in - a diverse number of corporations active in this field. SWAN wishes to establish a solid platform of synergetic companies that combine the strengths of the established entertainment industry sectors with the opportunities engendered by the Internet and new technology in general. This 'back to its original business roots' plan has inevitably resulted in some changes in the constitution of the Board of Directors of the Company. William Frederick Ballou, until recently the Chief Executive Officer of the Company, felt that he lacked the expertise to head a company predominantly active in leisure and media areas. Mr. Ballou thus resigned his positions with SWAN Group, further citing that this would enable him to fully concentrate on the management of Target Publishing, a company specializing in the Internet marketing of financial instruments. Consequently SWAN Group has fully divested itself from a minor interest in Target Publishing and has rescinded its business relationship with said company in order to concentrate on its core business as herein described. Alfie Falckenbach was offered, and accepted the position of President and CEO of the SWAN Group of Companies. About Mr. Falckenbach: Alphonse 'Alfie' Falckenbach has been active in nearly all aspects of the music and entertainment business for almost 40 years. He worked for RCA in Belgium and finally started the legendary Mausoleum Records in the early 80ties developing Warlock (Doro Pesch), Ostrogoth, and Killer and currently runs the Music Avenue Group of Labels, a company with a sales and distribution network in 20 countries of Europe, North American, and Australasia and featuring Artist like John Mayall. SWAN Group will initially engage in a strategic close business collaboration relationship with Music Avenue while parties agreed in an LOI to acquire part acquisition of Music Avenue by SWAN Group are under consideration by both parties. Alfie Falckenbach and Michy Berresheim who is back in the management of SWAN Group had already a very successful time in the early nineties when they both revived the Mausoleum label by signing acts like Bobby Kimball (Toto) and Nazareth (1991 Version of 'This Flight Tonight' on the No Jive Album. The couple also set up Festivals in Gent and filmed acts like Metallica, Venom, Pretty Maids and Wishbone Ash at the Metal Hammer Loreley Festival which Michael produced. They both had also developed the Frankfurt Rock Orchestra (FRO) featuring the lead Singer of Toto, Bobby Kimball, and going gold in the Netherlands on the first release in 1991. The following production of the two Producers were FRO plays Moody Blues featuring all the Hits of the Moody Blues and Justin Heyward and friends like Michael Sadler (Saga). About Mr. Berresheim: Michael 'Micky' Berresheim was re-appointed Director and Treasurer of the Company after leaving the company on January 19th 2009. SWAN Group will again benefit from the presence of a director whose extensive and valuable experience in the entertainment sector spans a period of over three decades. Berresheim previously managed globally successful artists such as Bobby Kimball (Toto), Cozy Powell David Barretto and Rin Mc Auley as he assembled vocal members for Far Corporation, a music group which was the brainchild of Frank Farian, and whose claim to fame is their version of the Led Zeppelin song 'Stairway to Heaven'. Michael started the MMS Group in the late 80ies after a six year term working from London as a publishing partner & shareholder in Filmtrax the company who acquired Columbia Pictures Music. In the early 90s Michael Berresheim's company, the MMS Group, merged with Immediate Entertainment and went public on the US OTC/BB and in Frankfurt Germany. In addition MMS/Immediate acquired the archive of the famous King Biscuit Flower Hour music catalogue, and formed the King Biscuit Flower Hour label www.kingbiscuit.com which contained thousands of historic vintage recordings of live concerts featuring the greatest artists in Rock music history such as AC/DC, Deep Purple, Rainbow, 10 CC, Robin Trower, Greg Lake, Humble Pie, Eric Clapton, David Crosby, David Bowie, Rolling Stones. Later that decade Berresheim was appointed C.E.O. of Kings Road Entertainment, a company engaged in the development, financing and production of motion picture films for subsequent distribution in cinema theatres, network and syndicated television, Pay-TV, on home video, and in other ancillary media in the international market. Kings Road produced a string of memorable and successful films, including 'Last Picture Show' (a Peter Bogdanovich film starring Jeff Bridges and Cybill Shepherd), 'All Of Me' (Steve Martin, Lily Tomlin), 'The Big Easy' (Dennis Quaid, Ellen Barkin), 'Enemy Mine' (Dennis Quaid, Louis Gossett Jr.) and 'Kickboxer' with Jean-Luc Vandamme. Berrsheim left the company in 2001 to return to Germany from the USA, after completing the Action Thriller ' Ticker' featuring Steven Seagal, Dennis Hopper and Tom Sizemore. The SWAN Group will announce further significant members to its Board of Directors in the imminent future, but in the interim it already benefits from a nucleus of directors and officers at the helm of the Company, who possess venerable experience and successful track records in most areas of the entertainment business. Concisely this means SWAN Group now has access to the most valuable asset in the entertainment business: content; the music that people want to hear, the films they want to see, or the concerts they want to attend, or own on DVD, and which SWAN Group will market via a combination of established traditional outlets with new media technology such as Internet platforms, mobile telephony and such. In preparation for the change of direction SWAN Group will undertake it was recently decided that the company should publicly operate as 'The Target Media Group', and its Internet business ventures would be renamed 'Target Online Media Institute', trading as 'Tomy'. For the avoidance of doubt we wish to clarify that there is no interest, connection, partnership or business or investment relationship of any kind with the 'Target Publishing Group' headed by W.F. Ballou, the former director and officer of SWAN Group. In further concordance with these profound changes SWAN Group will relocate its corporate head offices to Brussels, Belgium, in early 2010. The Frankfurt (Germany) office has been closed by the end of the year 2009. Currently the SWAN Group is in the process of issuing the shares of 'Indenture Investments Limited,' to all legitimately eligible stockholders, in form of a dividend distribution. This distribution - via banks/ brokers - is not undertaken by the SWAN Group itself, but is being transacted by DTC / Cede & Co. We expect that the transfers should be finalized by the end of the first quarter 2010. Finally, at the start of the New Year, SWAN Group will commence preparing the company's balance sheet for 2009. The detailed report on our results for this past year (post-audit) - a snapshot of the company's financial condition and its activities - so to speak, is expected to be published towards the end of the first quarter of 2010. The SWAN GROUP had sold its major interest in 2009 to a Canadian investementfirm. The deal was completed by the former C.F.O. Stephen Spencer. The SWAN GROUP of COMPANIES, Inc. A diversified holding company, domiciled in Las Vergas, Nevada and in Brussels, Belgium. SWAN Group is primarily engaged in the entertainment industry, which consists of a large number of sub-industries devoted to music, film, live concerts, and other commercially popular arts, as well as TV, radio, games, the Internet, modern multimedia, and telecommunications for leisure purposes. The SWAN Group has recently sold its major interest in a smokeless cigarette product to a Canadian financial holding firm, trading on the Frankfurt Exchange in the Open Market. Therefore SWAN can concentrate on the media and Entertainment Industry, whereas the company has stretched out its business interest within the Music & Media production, online download and concert promoter market. The company will continue to establish its Target Online Media Label in the US for music and leisure downloads. Europe Office: Contact: A.Falckenbach Info@swan-group.us, www.swan-group.us SWAN Group of Companies Sint Anna Business Center, Sint Annadreef 68 B, 1020 Brussels Belgium German Contact Number: Telephone: +49 69 710 456 421 Facsimile: +49 69 710 456 450 Safe Harbor Statement Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of our officers and directors during presentations about our company, along with Swan Group of Companies filings with the Securities and Exchange Commission, including the Company's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-KSB, are 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the 'Act'). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as 'expects', 'anticipates', 'intends', 'plans', 'could', 'might', 'believes', 'seeks', 'estimates' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by the Company's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Swan Group of Companies, Inc, its technology, economic and market factors and the industries in which the Company does business, among other things. These statements are not guarantees of future performance and Swan Group of Companies, Inc. undertakes no specific obligation or intention to update these statements after the date of this release. MLBerresheim +49 172 61 95036 12.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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