SOURCE: Pyramid Media, Inc.

May 17, 2016 15:31 ET

Pyramid Entertainment Inc. Announces "Testing the Waters" Campaign

Company Assessing Investor Interest, Looks to File Reg A Plus Tier 2 to Raise Additional Working Capital

MIAMI, FL--(Marketwired - May 17, 2016) - Pyramid Entertainment, Inc. (Pyramid) announced today that it has launched online a "Testing the Waters" campaign at http://pyramidrecords.net/investors-4/ to gauge potential investor interest in the going public transaction. The Company is measuring public support by targeting family, friends, customers, dealers, vendors and others as it seeks to raise up to $5MM of additional working and investment capital to support its growth strategies and surpass its operational goals.

Pyramid Entertainment, Inc. stated that its intention is to file a Regulation A Plus with the Securities and Exchange Commission (SEC) upon its "Testing the Waters" campaign reaching the threshold of $1MM. The Company disclosed that it is targeting fans and friends of the beverage industry through targeted social media and through email campaigns inviting them to participate in the "Testing the Waters" campaign for the possible Regulation A Plus offering.

In the past only qualified investors, venture capitalists, and private equity firms have had the opportunity to invest via special securities in private to public transactions. This has changed as of June 2015 through the passing of the JOBS Act in April 2012 and the SEC's recent release of the regulations governing the new rules. In light of this change, the Company is considering allowing existing customers, dealers, friends, fans, and investors along with the general public to participate in. Regulation A Plus Offering. The Regulation A Plus offering will be presented to investors in the order they participated in the "Testing the Waters" campaign. If you are interested in finding out more or participating in this going public transaction, you can indicate interest through the dedicated webpage, http://pyramidrecords.net/investors-4/

Pyramid must first qualify the offering with Federal regulators, before investment into this Regulation A Plus deal can occur. Prior to doing so, Pyramid is "Testing the Waters" to gauge market demand from potential investors for an Offering under Tier II of Regulation A. No money or other consideration is being solicited, and if sent in response, it will not be accepted. Offers to buy securities cannot be accepted, and no part of the purchase price can be received, until an offering circular on Form 1-A is qualified. Any offer can be withdrawn or revoked at any time before notice of its acceptance is given after the qualification date of the offering circular. No sales of securities will be made or commitment to purchase accepted until qualification of the offering statement by the Securities and Exchange Commission and approval of any other required government or regulatory agency. An indication of interest made by a prospective investor is non-binding and involves no obligation or commitment of any kind. No offer of securities will be made without a qualified offering circular.

The company also reported that it has not retained a SEC attorney or a registered PCAOB, firm for the company's audit and SEC filing form A/1. The Company's web domain is www.pyramidrecords.net.

About Pyramid Entertainment, Inc.

In 1989, Tony Martel, the Vice President of CBS Associated Labels proposed to Allen Jacobi that he run an independent record company distributed by Sony Music. Pyramid Records was born and the focus from the beginning was to sign established recording artists from the 1960's and the 1970's. In 1990, Pyramid signed Joe Walsh of the Eagles as its first artist and in 1991 released Ordinary Average Guy through Epic Records/Sony Music. Upon its release, the title track became a #1 single on the Rock Radio charts and went to #3 on the Billboard Rock Tracks chart. Even though the Joe Walsh album had been successful, Sony decided its strategic focus at the time was promoting new artists and Pyramid changed its distribution to BMG (Bertlesman Music Group). In 1992, Pyramid released Stray Cats' Choo Choo Hot Fish and Asia's Aqua.

In 1993, Pyramid signed a new distribution agreement with Rhino Records, a Warner Brothers owned and distributed Company and released Jericho, the first studio album in sixteen years by Rock and Roll Hall of Fame legends The Band. Pyramid followed up with Dave Edmunds Plugged In and in 1994 released Earthrise, The Rainforest Album, featuring Paul McCartney, Elton John, U2, Queen, Genesis, Joe Walsh, REM, Dire Straits, Sting, Eurythmics, Steve Winwood, Peter Gabriel, Seal and more!

Pyramid has revamped its strategy to now include all aspects of the entertainment world and plans to build a touring festival known as Groove Nation, which is a trademark owned by Pyramid. The festival will center on Rhythm and Blues' legendary artists, whose recording rights Pyramid will also acquire, along with certain other merchandising rights and will be the basis of a reality TV show, thereby guaranteeing exposure to all of its artists, additional sales of recorded music and artist and festival merchandise. Most of the legendary R&B artists are without labels, but two are on a continual basis. Artists such as Kool & the Gang, Hall & Oates, Gladys Knight, Michael McDonald and countless others.

Forward-looking & Safe Harbor Statement

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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