SOURCE: GenX Corporation

GenX Corporation

June 18, 2009 10:17 ET

GenX Corporation Acquires Powerhouse Multi-Media Company I.I.A.M.G., Inc.

FT. LAUDERDALE, FL--(Marketwire - June 18, 2009) - On April 16, 2009 GenX Corporation (PINKSHEETS: GNXO) acquired I.I.A.M.G., Inc. I.I.A.M.G., Inc. is a full service multi-media digital distribution company focused on delivering premium designed musical products and unique musical experiences. The Company's President, Derek Jackson, is a 21-year industry veteran and is positioned to be one of music's business pioneers. "I'm extremely excited about the acquisition and I look forward to the possibilities of technological innovations and cutting edge products and services in the execution of our business model," said Mr. Jackson.

About I.I.A.M.G., Inc.

I.I.A.M.G. is a full service multi-media digital distribution company focused on delivering premium designed musical products and unique musical experiences. I.I.A.M.G. expects to be the first company to introduce the innovative concept of creating a digital record label that will work in conjunction with an MP3 player which will be specifically marketed to the Low Disposable Income (LDI) market. The Company believes this segment of the market has been neglected by the world's leading technology companies and brand marketers. The LDI market consists of consumers who make up approximately 60% of U.S. households and whose annual household incomes are below $50,000 annually. Our mission is to become the market leader and innovative provider of affordable premium music products, software, and online music distribution that targets the underserved LDI market.

Fueled by the vision of music industry executive and the Company's President, Derek Jackson, the Company strives to maximize current entertainment business opportunities by utilizing three key components: "The Spot," a digital distribution platform; "The Point," an MP3 player designed by world-renowned designer Franco Lodato; and "HMG Incorporated," a cutting edge record label and publishing company that will produce and distribute both music and superstar talent.

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