SOURCE: The AFA Music Group

October 23, 2007 08:31 ET

AFA Music Group to Launch Digital Music Label

WHITE PLAINS, NY--(Marketwire - October 23, 2007) - AFA Music Group, Ltd. (PINKSHEETS: AFAO) is pleased to announce that the Company is planning to launch its own full-service digital music label in early 2008. The label will encompass all aspects of a traditional record label including music distribution, marketing, publishing and merchandising. This endeavor will enable AFA Music Group to maximize revenues from its ownership in the master recordings.

AFA Music Group plans to launch the label in the first quarter of 2008 and make music downloads, merchandise, art work, photos, and other artist information available through the Company's Web site, www.afamusic.com. At that time, the Company will announce additions to its roster of artists and simultaneously launch an aggressive marketing campaign, both domestically and internationally, to promote the label and the artists.

"Our digital music label will be the culmination of what AFA Music Group is: everything under one umbrella. We feel this is the best way to maximize revenue as opposed to going through the old traditional model," stated Jon Goldwater, President and CEO of AFA Music Group, Ltd. "We no longer are constrained by the old school distribution system which the major labels controlled. Every company now has the ability to establish its own brand, and AFA intends on doing so through aggressive traditional and non traditional marketing outlets."

"Be With You," a song by AFA Music Group's recording artist Taxi Doll, has climbed Billboard's Hot Dance Club Play chart to number 13 after only six weeks of national airplay. The chart position was announced for the week of October 20, 2007. To view the chart, please go to the following link: http://www.billboard.com/bbcom/charts/chart_display.jsp?f=Hot+Dance+Club+Play&pageNumber=Top+11-25&g=Singles.

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. These income streams include recording royalties, merchandise, sponsorship, touring, music publishing, internet downloads and ringtones.

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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