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AIM Group Signs with China Record Corporation

November 12, 2002


November 12, 2002

Los Angeles based AIM GROUP has been named as exclusive agent of CHINA RECORD CORPORATION, or CRC, the Chinese government record company. AIM GROUP CEO, FRANK MAYOR recently signed the agreement in Beijing with the President of CRC, DAXIN ZHAO, securing the worldwide rights to license and distribute CRC's extensive audio and video catalog of over 60,000 titles by more than 5,000 artists. The collection encompasses almost the entire spectrum of historical and cultural Chinese music, song, opera, folk and local arts, and represents the vast and diverse culture of all of China's regions and provinces within mainland China, Hong Kong and Macao.

According to Mayor, whose relationship with CRC dates back to 1986, many of these masters are the only recordings of their kind, representing a valuable historical treasure of worldwide importance. "A primary focus of our marketing efforts will involve licensing the catalog to television networks in conjunction with the upcoming BEIJING OLYMPICS. In addition, CRC is actively seeking out Western artists and music catalogs for representation and distribution in China, for example, we recently signed a deal with CRC to feature the world music group, AO, as part of the Olympic ceremonies."

In business for over fifty years, CRC is a vast media conglomerate with over 3000 employees working out of offices in five mainland Chinese cities: Beijing, Shanghai, Guangzhou, Chengdu and Shenzhen. CRC also owns three CD/DVD manufacturing facilities, a chain of retail stores, a film and television company, several media publications and an advertising division, and is the sole manufacturer of Microsoft Windows operating disks for all of China. "One of the advantages of dealing with a government company," says Mayor, "is the built-in piracy protection, as well as unparalleled access to other Chinese entities, both in and out of the government."

Mayor has recently appointed JACKIE SUBECK as Vice President of Marketing and JASON DAUMAN as Vice President of Publishing. In addition, BOB PLESS has been tapped as Director of Information Systems. Says Mayor, "We have assembled a top-notch team and are excited by the numerous opportunities presented by our contract with CRC. We hope to have a long and lucrative relationship with both CRC and the Chinese government."