///Corporate

JOEL KLAIMAN APPOINTED SENIOR VICE PRESIDENT OF PROMOTION/ARTIST DEVELOPMENT, UNIVERSAL REPUBLIC

Joel Klaiman has been appointed Senior Vice President of Promotion/Artist Development for Universal Republic Records, it was announced today by Monte Lipman, President of Universal Republic.

"Joel is the consummate executive, recognized by peers, artists and managers alike as a premier presence in the field of promotion and artist development," stated Mr. Lipman. "Since joining the Universal Republic promotion department, he has helped to refocus our staff, with Joel demonstrating his unique ability to build relationships and create and integrate successful strategies across all formats of radio and video."

In his new capacity, Mr. Klaiman will supervise and direct promotion strategies across all radio and video platforms, as well as oversee the national and field promotion staff. Mr. Klaiman’s duties include devising innovative promotion campaigns for a diverse roster of artists, including Hinder, one of the breakthrough airplay and sales stories of 2006, as well as The Who, Godsmack, John Mellencamp, Jack Johnson, Damian Marley, 3 Doors Down, and Nina Sky.

"I want to thank Mel Lewinter and Monte Lipman for this tremendous opportunity,” stated Mr. Klaiman. “I’m happy to join the exceptional executive team Monte has in place and believe that Universal Republic has the potential to become one of the most formidable labels in our business. I look forward to extending the reach of our roster as we break new artists and take established stars to even greater heights."

Previously, Mr. Klaiman was Executive Vice President, Promotion, for Epic Records. Prior to that, Mr. Klaiman has held a number of executive positions in the music business, including roles at Sony 550 Music- the WorkGroup, EastWest Records, the Elektra Entertainment Group, and Savage Records. Mr. Klaiman began his career in 1990 as a manager for Frank DiLeo Management. Mr. Klaiman is a member of the Board of Directors for The Paul Green School Of Rock, a performance based, interactive music school dedicated to helping young people realize their potential as music artists.

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