ORLANDO, Fla., Feb. 13, 2004 (PRIMEZONE) -- TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB), announced it recently executed a Letter of Intent to acquire 49% of Gulf Coast Records, LLC, 711 N. Parsons Ave., Brandon, Florida.
Gulf Coast Recordings is an independent record label for recording artist Glenn Cummings. Glenn has been performing since the age of four. Glenn grew up as co-breadwinner with his brother, David, and single mother, Yvonne Rice. As a country music trio, the tight-knit family toured the state of Florida exchanging room and board for dinner theatre performances. Using their talents for survival, the creative and driven family won not only numerous contests and awards for their unique style of country music, but also founded a children's drama company called "Clubhouse Kids." Glenn has starred in many productions written by the family, some of which went on to be featured on CBS, NBC, Trinity Broadcasting Network and Warner Brothers. Glenn launched his solo career in country music by touring and recording from Nashville to Florida. Glenn has had the opportunity to open for such acts as Montgomery Gentry, Charlie Daniels, Wade Hayes & Darryl Singletary. (see http://www.glenncummings.net)
The CEO of TS&B Holdings Inc., James E. Jenkins stated, "we're very excited about our investment in Gulf Coast Records. TS&B has been working with Glenn for the past year. Glenn's story is one of dedication and inspiration. From street smart kid to Nashville entertainer Glenn's down home good nature and deep family values permeate his work ethics and set the tone of his music and performances. We are very confident of Glenn's ability to carve his piece of the Country Western music market."
About TS&B Holdings Inc.
TS&B Holdings Inc. is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries.
TS&B Holdings Inc. has a financial services subsidiary, TS&B Financial Services, Inc. that provides investment and merchant banking services and strategic planning to both the public and private sectors.
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.