SOURCE: AFA Music Group, Ltd.

January 03, 2008 08:31 ET

AFA Music Group Turns Talent Into Success in 2007

Digital Music Label Launch to Be Major Milestone in 2008

WHITE PLAINS, NY--(Marketwire - January 3, 2008) - AFA Music Group, Ltd. (PINKSHEETS: AFAO) is pleased to announce that the Company looks forward to 2008 following a pivotal 2007, which saw its transition from an artist management company to an all-encompassing digital record label. AFA Music Group will officially launch its digital music label in early 2008 with the publishing of a new Web site that will provide music downloads, videos, merchandise and social networking. The new site will be the hub for products and information about the Company and its artists.

AFA Music Group has established the following goals for 2008: the successful launch of its digital music label in the first quarter of the year; an increase in the number of commercially viable artists on the AFA Music Group roster; the widespread release of its artists' recordings and videos in all radio, Internet and television markets; to increase revenue for AFA Music Group; to increase international awareness for the Company and its artists.

AFA Music Group, Inc. went public in September 2007, followed by the appointment of Tommy Henriksen as Senior Vice President. His knowledge of the music industry, paired with his ability to find new talent, gave AFA Music Group its creative soul to complement the Company's CEO, Jon Goldwater's, skills in leading the business.

The final months of 2007 saw remarkable success for the Company's artists. "Be With You" by Taxi Doll hit number 9 on Billboard's Hot Dance Club Play chart in November, and its songs were featured on several television shows underscoring the plotline. Ashley Alan-Lee, lead singer of AFA's The Audio Club, was featured in the September issue of Spin Magazine. The Audio Club also includes Mr. Henriksen, along with rapper/producer Brooks Buford. The band gained international acclaim with its "Something Serious" song and video in early 2007.

AFA Music Group brought in hundreds of thousands of dollars in record company advances for its artists in 2007. With the launch of the digital music label in 2008, the Company envisions revenue increases for the Company and its artists for the year ahead as its name becomes a standard in the digital music industry.

"It's been a phenomenal year for us in what has become a turning point in our brief history. We will gauge success in the coming year based on the success of our artists, and we expect our digital music label to make AFA Music Group a destination for original artists who strive for success with their own creative input," stated Jon Goldwater, CEO of AFA Music Group, Ltd.

To listen to AFA Music Group's CEO, Jon Goldwater, recap 2007 in a interview, please go to the following link:

For links to all of AFA Music Group's artists, please go to the following Web site:

To read the 2007 Letter to Shareholders from AFA Music Group's CEO, Jon Goldwater, please visit the Company's Investor Relations page at

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 on simultaneously acquiring various music-publishing assets and to begin developing its own catalogue of artists and albums. AFA retains equity positions with all of its artists, which include all income streams that are generated by these artists.

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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