TBA Announces Completion of Acquisition

07/01/2004

TBA Global announces that the acquisition of TBA Entertainment Corporation has been completed. This acquisition will enable TBA to expand capabilities, accelerate growth and provide a more comprehensive level of event-driven services for our clients.

The new owners are comprised of a partnership between Irving Azoff, Chairman of azoffmusic management, entertainment industry executive Robert Geddes, and JHW Greentree Capital LLC, an affiliate of Whitney & Co., LLC, of Stamford, CT. Mr. Geddes will assume the post of CEO and Eugene Cobuzzi will become the Chief Operating Officer of TBA Entertainment Corporation. Irving Azoff and Mike Stone, managing partner of Whitney & Co. LLC and of JHW Greentree, will assume Co-Chairman posts and will continue in their present capacities.

By leveraging the combined resources of the partnership and TBA, a company with an unparalleled level of communications services and entertainment marketing expertise will be created. TBA has an impressive track-record of creating some of the most successful corporate marketing events in the industry, whether it be a new product launch or a multi-city brand marketing tour.

The partnership was created to explore, initiate and develop business communications and entertainment marketing opportunities. Through this transaction, TBA will continue to be an industry-leading producer of live events that communicate messages and create brand marketing experiences for our business partners. These events include corporate business meetings, product launches, consumer marketing programs and entertainment events.