Kirkland Media, LLC

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Kirkland Media, LLC, is a privately held limited liability corporation that provides production facilities and distributes music, movies and other forms of intellectual properties. The Company is creating a multi-media facility which will be a “One Stop Shop” venue for the entertainment production community. The concept of the campus is as follows: The client will record in our state of the art audio and video recording facilities while the Company handles any marketing services that may be needed. The Company will handle distribution services via our manufacturing and distribution partners.

Kirkland Media, LLC is one of a limited number of independent distribution companies that represent independent labels exclusively on a regional or national basis. These companies provide products and services to the nation’s leading media specialty stores and wholesalers through their relationship with major distribution labels.

The Company seeks to forge market share in the independent media distribution business by seeking quality media labels and by providing greater service to their suppliers, in addition to providing content ownership and licensing opportunities. Relationships with independent media labels are also important to the Company’s independent media distribution business.

The Company has exclusive distribution agreements in place with various labels that allow the Company to retain a percentage of amounts received in connection with the sale of the products provided by these labels. Among other customary provisions, these agreements generally provide the Company with the ability to return products to the Company’s independent media labels, the right for the Company to retain a reserve against potential returns of products, and requirements that the label provide discounts, rebates and price protections.

The distribution channel for prerecorded video and media products is dominated by the major film studios and record labels, which through their respective distribution units increasingly compete with intermediaries by seeking to establish direct trading relationships with high volume retailers.

We view artists and producers as suppliers and will work to manage distribution relationships to make their business easier and more productive. By doing so, the Company believes that its reputation as a service-oriented organization with a favorable royalty payment rate will help the Company expand its artists and producers roster. Furthermore, the Company’s dedication to independent artists and producers will help to complement its current artists and producers’ roster. Many of these artists and producers do not have the leverage necessary to manage their distribution business effectively with major distributors.

The Company provides these artists and producers the opportunity to access shelf space and assist in the solicitation, logistics, promotion and management of products. The Company also consults with artists and producers to give them the opportunity to establish business relationships through the Company’s distribution channel and final access to retail customers.

Corporate Governance

The business of Kirkland Media, LLC is conducted by its senior management team, which acts under the direction of the Founder & Chief Executive Officer Anthony-Lynn "Cheap-O" Kirkland.

The Board of Directors, Legal Counsel and Independent Auditor are in place to oversee the actions of the CEO and senior management and to assure that such actions are consistent with the long term interests of the Company’s stockholders, as determined in the Board’s and Counsel's business judgment.

To fulfill its role the Board Legal Counsel and Independent Auditor are expected to perform the following primary functions:

  • Regularly meet with senior management to review and discuss reports on the Company’s performance, its plans, prospects along with immediate issues facing the Company;
  • Advise and counsel the CEO and senior executives who manage the Company’s business and affairs;
  • Review and where appropriate approve the Company’s major financial objectives, plans and actions;
  • Assess major risk factors relating to the Company and its performance along with reviewing measures to address and mitigate such risks;
  • Ensure that appropriate accounting, auditing principles and practices are used in the preparation of the Company’s financial statements and that appropriate processes are in place to maintain the integrity of the information relied upon in the preparation of such financial statements;
  • Evaluate regularly the performance, approve and compensation of the CEO and with the advice of the CEO evaluate regularly the performance of senior executives.

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