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"Through our financing with GE, we look forward to pursuing opportunities that will continue the growth of the company."
——Eric Weisman, Alliance President/CEO
ALLIANCE GETS NEW
LINE OF CREDIT
One-Stop Gets $135 Million Through August, 2006
Alliance Entertainment Corp. has just announced that it has extended the term of its revolving credit facility with GE Commercial Finance. The new credit line is worth a maximum of $135 million and will now run through August19, 2006.

GE Commercial has supplied credit to AEC for the last four years.

Said Alliance President/CEO Eric Weisman: "During that time, our net sales have grown from approximately $320 million in 1998 to $808 million in 2002. Through our financing with GE, we look forward to pursuing opportunities that will continue the growth of the company."

GE Sr. VP Charles Chiodo added: "Alliance Entertainment is a valued customer of ours. We are pleased to be able to extend this relationship and support the company’s growth."

It was just over four years ago that AEC became the first one-stop in history to emerge successfully from Chapter 11 bankruptcy protection and is now edging towards a billion dollar a year business. On the other hand, Valley Media, who ruled the national wholesale scene at the time, is now out of business.

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (6/1a)
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UMG is all in. (6/1a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (6/1a)
ARTISTS MAKE THEIR VOICES HEARD (UPDATE)
The stars are coming out. (6/1a)
TUESDAY
THE SHOW MUST BE PAUSED
TIME TO REFLECT
TIME TO ACT
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