Nashville Records Inc. (Pink Sheets: NSHV) shares were down slightly today, trading at 4 cents just after the market’s open. Shares climbed 20 percent yesterday after the company announced it is in negotiations to secure contracts with two “big name artists” for its USS New York project.Though the company hinted at the artists’ vocal achievements and accomplishments, Gene Sibbett, founder and president of Nashville Records, told Market News First the names won’t be released until all loose ends are tied.
“We want to make sure the contracts are nailed down before we [announce the names] … that’s pretty difficult because you’re dealing with artists and artist’s managers and entertainment attorneys, it can be really difficult and time consuming to do that,” Sibbett said.
The USS New York project involves an actual navy ship built from 24 tons of steel taken from the melted steel of the New York World Trade Centers.
“It’s really interesting, and we’re going to be providing some of the music,” said Sibbett. “One of the songs is called the ‘USS New York’ and the other song is called ‘Never Forget,’ which is the ships motto.”
The company also announced it will soon release information regarding its upcoming military-based album – the project comprises single releases, album releases and concert events. Sibbett said he hopes to have the album ready by Memorial Day next year. The songs on the album aren’t necessarily war related – but will contain patriotic pieces.
Nashville Records was an old record label in the 30s and 40s – Sibbett picked up the company a few years ago and added staff and management with experience and expertise within the music and advertising industries.
The company then began looking for talent to add to the label, and decided to launch a Christmas album featuring artists such as Daryle Singletary, Collin Raye, Roy Clark and Rebecca Lynn Howard.
The company prides itself on its a conservative approach to the music industry, focusing on the music and the artists rather than sex appeal.
“We won’t put out material that is suggestive,” said Sibbett. “We’re not willing to take female acts and have them out there dancing half naked – that’s just not us.”