Ocean Tomo Auctions to Sell Rights to the Entire Jimi Hendrix Catalog

Ocean Tomo Auctions to Sell Rights to the Entire Jimi Hendrix Catalog

CHICAGO, Aug. 17 /PRNewswire/ -- Ocean Tomo Auctions, LLC, a division of the Chicago-based intellectual capital merchant banc, Ocean Tomo, today announced it has been retained by the Administrator of the Estate of Michael Frank Jeffery to sell their rights, title and interest in the entire Jimi Hendrix music catalog. The catalog will be sold at The Ocean Tomo Fall 2006 Live Intellectual Property Auction to be held on October 26, 2006 in New York City.

The catalog includes rights to all of Jimi Hendrix's recordings as owned by the Michael Frank Jeffery's Estate, including well-known songs such as "Hey Joe," "Purple Haze," "Voodoo Child," and "Foxy Lady". Fourteen charities, based in the United Kingdom, are the beneficiaries of the Michael Frank Jeffery's Estate. They are Asthma Research Council, British Heart Foundation, Brook Hospital, Kings College Hospital, Leukaemia Research Fund, Lewisham Hospital, Maudlsey Hospital, Multiple Sclerosis Society, National Association for Mental Health, National Deaf Blind and Rubella Association, National Society for the Prevention of Cruelty to Children, Royal National Lifeboat, The Salvation Army and The Samaritans.

"After the Administrator learned of Ocean Tomo's plans to auction the lost Jimi Hendrix song, 'Station Break,' we were contacted," said Dean Becker, Vice Chairman of Ocean Tomo. "We're pleased that Ocean Tomo Auctions is becoming recognized by the entertainment industry for our intellectual property expertise and monetization capabilities."

For more information on the Jimi Hendrix music catalog or The Ocean Tomo Fall 2006 Live Intellectual Property Auction, please call 312.377.4851 or visit http://www.oceantomoauctions.com/ .

About Ocean Tomo, LLC:

Ocean Tomo, LLC ( http://www.oceantomo.com/ ) was established in 2003. The firm specializes in understanding and leveraging intellectual property assets and provides advice in IP-related mergers and acquisitions, valuations, expert services, analytics and IP auctions. Ocean Tomo has offices in Chicago, San Francisco, Palm Beach, Orange County and Washington, DC. In May of 2006, Ocean Tomo was appointed as Back-Up IP Manager for an approximately $1.8 Billion trademark royalty rights securitization -- the largest IP securitization ever. Subsidiaries of Ocean Tomo include: Ocean Tomo Capital Fund, LP -- a $200 million private equity investment fund; and Ocean Tomo Asset Management, LLC -- an SEC Registered Investment Advisor offering hedge funds utilizing IP-based investment strategies.

Source: Ocean Tomo Auctions, LLC

CONTACT: Wendy Chou of Ocean Tomo Auctions, LLC, +1-718-812-6707,
wchou@oceantomo.com

Web site: http://www.oceantomoauctions.com/
http://www.oceantomo.com/

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