SOURCE: AFA Music Group, Ltd.

March 04, 2008 08:31 ET

AFA Music Group Signs Industry-Leading Digital Distribution Company

WHITE PLAINS, NY--(Marketwire - March 4, 2008) - AFA Music Group, Ltd. (PINKSHEETS: AFAO) is pleased to announce that the Company has enlisted the services of Independent Online Distribution Alliance (IODA) to distribute the ArtistForArtist digital music label content to digital music outlets around the world. IODA makes it easy for independent labels to distribute content to digital outlets such as iTunes, eMusic, Napster and Rhapsody for a broader base of marketing and sales.

IODA saves music labels time and money by delivering content accurately and quickly, and collecting payment for digital sales. IODA's digital marketing platform will enable AFA Music Group's content to reach thousands of digital and mobile retailers, music Web sites, social networks, bloggers, podcasters and Internet radio programmers worldwide.

IODA provides services to labels, distributers and artists, including license negotiations, media encoding and royalty payment administration and reporting. The company also has a marketing division, (www.iodapromonet.com), which provides Web sites and media outlets with access to promotional materials from the digital music labels that it represents.

"IODA is the industry-recognized leader in digital distribution and provides a one-stop distribution and marketing option that will bring our artists' music to a global audience. IODA provides a simple distribution option for us and they care a great deal about the artists and the labels that they work with," stated Jon Goldwater, CEO of AFA Music Group, Ltd.

About AFA Music Group, Ltd.:

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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