SOURCE: The AFA Music Group

November 07, 2007 08:31 ET

AFA Music Group Appoints Music Business Veteran as Head of Advisory Panel

WHITE PLAINS, NY--(Marketwire - November 7, 2007) - AFA Music Group, Ltd. (PINKSHEETS: AFAO) is pleased to announce that the Company has appointed Don Perry as the head of its new Advisory Panel. Mr. Perry has more than 30 years of experience in the entertainment industry, including artist management, product distribution and marketing with major record labels worldwide. Mr. Perry is a consultant for Greenberg Traurig, LLP, one of the nation's preeminent, full-service entertainment law practices.

The Company will utilize Mr. Perry's skills and influence on all aspects of the music business, particularly in its management and acquisition strategy. AFA Music Group's Advisory Panel will serve the Company on a consulting basis, with members from various segments of the entertainment industry offering their expertise. Mr. Perry will act as head of the panel and utilize his years of experience to advise the Company and lend a veteran voice to all aspects as the Company develops and grows. Additional members of the Advisory Panel will be announced at a later date.

"Don has a fantastic reputation in the music industry. I look forward to working closely with him to grow the AFA Music Group in all arenas, from the digital music label to management to social networking," stated Jon Goldwater, President and CEO of AFA Music Group, Ltd.

Mr. Perry is a former member of the Board of Governors and the Board of Trustees of the National Academy of Recording Arts and Sciences (NARAS). He lends an extensive portfolio from the entertainment industry including publishing, product development, celebrity endorsements and integrated brand development.

About AFA Music Group, Ltd.:

AFA "Artists for Artists" is a talent development and management agency. Since being founded in 2005, and based on its philosophy, AFA has attracted a roster of 10 "major-quality" recording artists. AFA Music Group plans to simultaneously acquire various music-publishing assets and to begin developing its own catalogue of artists and albums. The Company plans to launch its own digital music label in the first quarter of 2008 and make all music downloads, merchandise, art work, photos, and other artist information available through the Company's Web site, www.afamusic.com.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

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