ole Restructures and President Exits

Marketwired

TORONTO, ONTARIO--(Marketwire - Nov 23, 2012) - ole Chairman and CEO Robert Ott announced changes to the company''s executive structure today. ole will not be renewing its contract with current President, Michael McCarty after its expiration on Dec 31/12. The position of President will not return in 2013.

Other changes to the company''s executive structure include the addition of new position of Chief Operating Officer and the recent addition of VP Finance & Administration. These changes are attributable to ole''s commitment to strengthen the operational functions of the company given rapid growth. ole, which is in its ninth year of operation, recently added staff in Creative, Acquisitions, Administration and Media, and employs some forty-five (45) people in Toronto, New York, Los Angeles and Nashville.

In a statement CEO & Chairman Robert Ott said, "ole has experienced 50% growth in the last twelve months as a result we have a need to continuously strengthen our operational capacity."

Ott adds, "ole has nearly a quarter of its staff dedicated to the Creative function and remains highly committed to growth in this area. I wish outgoing President, Michael McCarty every success in his endeavors and I thank him for his contributions to ole."

About ole:

ole is one of the world''s largest independent music publishers. Founded in 2004, and with offices in Toronto, Nashville and Los Angeles, ole boasts a team of 45 experienced industry professionals focused on acquisitions, creative development and worldwide copyright administration. ole has recently entered the Production Music space with the acquisition of MusicBox and Auracle which have operations in NY, Toronto and LA.

ole has been named Canadian Country Music Association''s Music Publishing Company of the Year for the past six years and earned its first Grammy Award in 2009 for Best Country Song, "White Horse." Other recent notable ole awards include: Academy of Country Music (ACM) 2012 Song of the Year Award for "Crazy Girl" (Liz Rose/Lee Brice); SESAC 2011 Country Performance Activity Award for "Til Summer Comes Around" (Monty Powell/Keith Urban); three BMI 2011 Most Performed Songs Awards for "Fearless" (Liz Rose, Taylor Swift); "Why Wait" (Jimmy Yeary, Tom Shapiro) and "Let Me Down Easy" (Marty Dodson, Jennifer Hanson, Mark Nesler); 2011 SOCAN Country Music Award for "Make Hay While The Sun Shines" (Steven Lee Olsen, Bruce Wallace); 2011 SOCAN Domestic Television Series Music Award Busytown Mysteries (Peter Coulman, Carl Lenox, David Tedesco); and 2011 SOCAN Award for 100,000 Radio Performances of Lighthouse''s "Sunny Days" and "Pretty Lady" (Skip Prokop).

The ole catalog includes over 45,000 songs and 40,000 hours of TV music across all genres. ole has completed over $145MM USD in acquisitions, including purchases of music catalogs such as: Timbaland, Blacktop, Jody Williams Music, Rami Yacoub, Chris Wallin, Richie MacDonald, Balmur, Keith Follese, Brett Jones, Lighthouse, Frank Myers, Dream Warriors, Encore, David Tyson, and Marsfilm Music. ole has also purchased the worldwide music rights for TV catalogs such as WGBH, Cookie Jar, Cineflix, CCI and recently, The Cat In The Hat Knows A Lot About That.

ole is committed to the creative development of its 6o+ staff songwriters, legacy writers and composers and the cultivation of our catalogs and client catalogs. ole has ongoing co-ventures with Last Gang Publishing (Alt Rock), Roots Three Music (Country) and tanjola (Pop/Rock/Urban).

ole is an expert in administrating and sub-publishing music copyrights and has concluded worldwide publishing administration agreements with some of the world''s leading songwriters, publishers and film and television producers. adminow, ole''s online client account transparency portal, was launched recently and demonstrates ole''s commitment to modernizing its client services and to leading-edge IT.

Notable copyrights for ole include: Taylor Swift singles "Fearless," "White Horse," "Tim McGraw," "Picture To Burn," "Teardrops On My Guitar"; Rascal Flatts'' "Why Wait"; Kelly Clarkson''s "Miss Independent"; and "I''m Not a Girl, Not Yet a Woman" by Britney Spears; Pink''s "U + Ur Hand"; "Sexyback," "My Love," and "What Goes Around" by Justin Timberlake; "Say it Right" and "Promiscuous" by Nelly Furtado; "Start a Band" by Brad Paisley with Keith Urban; "That''s How Country Boys Roll" by Billy Currington; "If Heaven Wasn''t So Far Away" by Justin Moore; "It''s Gonna Be Me" from (i)N Sync; "Shape of My Heart" by Backstreet Boys; iconic Canadian Olympic theme "I Believe"; "Legendary Child" by Aerosmith; "Black Velvet" by Alannah Myles; Tim McGraw''s "Something Like That."

ole owns or represents up to 150,000 production music tracks within its MusicBox libraries. With 10 staff in North America, ole''s Production Music division delivers excellent customer service and quality Creative on a leading edge IT platform. Our production music division leverages ole''s established Administration, Finance and IT services.

ole is committed to being the best and most innovative global destination for world-class songwriters, composers, and management talent, and the first choice music source for creators in all media.

Contact:
ole
Kathryn Gatto
EA to the CEO & Chairman
416-619-3730
Kathryn_Gatto@olemm.com

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