MEDFORD LAKES, N.J. (Top40 Charts/ Brilliant Entertainment) -
George Foreman, Jr., eldest son of direct marketing mogul and former heavyweight boxing champion of the world,
George Foreman, has made a strategic investment in Brilliant Entertainment, Inc., a newly formed music company which is carving a niche in the record music industry by providing major distribution and promotion for independent artists and labels.
In addition to investing in Brilliant, the Foreman Brothers will also launch their own label in which George Jr. will focus on classic R&B, and George III will focus on acts in the rock, alternative, pop, and Hip-Hop genres.
'I believe that there is a solid opportunity in the record industry for both independent labels and emerging acts. Our investment and participation in Brilliant will allow us to exploit this opportunity and bring further value to our investment portfolio,' George Jr. noted.
Ron Kyle, record industry veteran and CEO of Brilliant, welcomed Mr. Foreman's partnership to the company, both as a shareholder and member of the board of directors. 'Having an association with the Foreman family through George Jr.'s investment will provide Brilliant with many important benefits, including access to direct marketing expertise, to new investors and to the extensive contacts of the Foreman family in sports and entertainment,' Mr. Kyle explained. 'We're honored to have the Foreman name attached to our growing enterprise.'
George Jr. and brother George III serve as vice presidents in George Foreman Enterprises, the highly successful marketing company founded by their father, George Sr. They have also founded their own successful investment company, JR3, which has strategic investments in a diverse portfolio of industries including real estate, apparel, exercise equipment, sporting goods, financial services, open-wheel Racing (ForemanJR3/Panther Racing of the IndyCar Racing League Sponsored by Delphi), and now music.
Brilliant Entertainment, Inc. was incorporated in January 2007 as a full service music entertainment company which provides independent labels and emerging artists with marketing and promotion, management, touring and distribution services.
