SOURCE: AFA Music Group, Ltd.

December 21, 2007 14:47 ET

BUYINS.NET Identifies Short Selling of 40 Million Shares of AFA Music Group Stock With Average Squeeze Trigger Price of $0.0017

WHITE PLAINS, NY--(Marketwire - December 21, 2007) - AFA Music Group, Ltd. (PINKSHEETS: AFAO) wishes to inform its shareholders and the public that BUYINS.NET has determined that the total aggregate number of AFAO shares shorted from September, 2006 to December, 2007 is approximately 40 million, with a squeeze trigger price of $0.0017.

The SqueezeTrigger price is the volume-weighted average short price of all short selling in AFAO over that period. To access SqueezeTrigger prices ahead of potential short squeezes, visit www.buyins.net. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

"Short selling continues to be a burden on the investment community and takes millions of dollars out of the pockets of investors. It also restricts the ability of small cap companies to raise capital for their operations and interferes with investors' and brokers' ability to determine the accurate share price. Unfortunately, numerous institutions continue to exploit ways to take advantage of countless public companies," stated Jon Goldwater, CEO of AFA Music Group, Ltd.

Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days; and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, as amended, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities in the open market to close out its fail to deliver position.

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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