'BRAND NEW BONDS'
FOR GODFATHER OF SOUL

Wall Street Financier David Pullman Completes Securitization
with R&B Legend James Brown

New York, NY --- This week, David Pullman proudly announces the completion of another breakthrough "Pullman Bond" transaction with the legendary "Godfather of Soul," James Brown.  James Brown has the second most # 1 hits in musical history, cultivating nineteen # 1 Billboard hits like "I Got You (I Feel Good," "Papa's Got A Brand New Bag" and more.  David Pullman was the architect of the famous $55 million Bowie Bonds (TM) transaction, a $30 million deal with Holland Dozier Holland (Motown Hit Machine) and an eight-figure deal with Ashford & Simpson.  His latest eight figure asset-backed transaction with James Brown is entirely investment grade and rated at the single "A" level by a nationally recognized rating agency.  The Pullman Group has purchased all of the bonds as principal.

Remarks Mr. Brown, "David Pullman seemed to have an original idea and I felt that he would do what should be done.  He really thought it out and it comes straight from his heart."

James Brown has created over $100 million in entertainment assets which continue to generate royalties from the publishers' share, writers' share and record royalties of over 750 songs.  Among these songs are # 1 classics such as "I Got You (I Feel Good)," "Papa's Got a Brand New Bag," "It's a Man's World," "Cold Sweat," "I Got The Feelin'," "Say It Loud - I'm Black and I'm Proud," "Mother Popcorn (You Got To Have A Mother For Me)," "Super Bad," and "Get On The Good Foot."

"James Brown is one of those incredible artists that's so deeply imbedded into musical history that he will always withstand the test of time," comments David Pullman.

Brown's ascent to Soul Brother Number One is among the great modern day American success stories.  Over a 40 year period, he has amassed a remarkable total of 98 entries on Billboard's top 40 R&B single charts.  This gives Brown the all-time record for most charted hits of any artist alive and the second most # 1 hits in musical history.  James Brown is also cited as the one most responsible for two musical revolutions: turning R&B into soul in the 60's and soul into funk in the 70's.   And today, James Brown's status as "The Godfather of Soul" remains undiminished.  A founding member of the Rock and Roll Hall of Fame, Brown added to his collections of accolades when he received a special lifetime achievement Grammy Award in 1992.

The Pullman Group, whose experience includes well over $1 billion in transactions, specializes in financing and securitizing as principal music publishing, writer's share, record masters, artist and record royalties, film and television libraries, TV syndication, literary estates and other entertainment royalties.  David Pullman, Managing Director of The Pullman Group, still remains the only financial professional who has ever completed such groundbreaking deals based on future entertainment royalties ("Pullman Bonds") and has 100% market share.  The company's website is www.pullmanco.com.

June 16, 1999.