Elias Arts Promotes Glenn Turell to Senior Vice President/Chief Financial Officer

Elias Arts Promotes Glenn Turell to Senior Vice President/Chief Financial Officer

Reflects Company's Continued Transformation into Music Agency and Signals Future Strategic Transactions

NEW YORK, June 29 /PRNewswire/ -- Elias Arts Holdings LLC, www.eliasarts.com, the world's most awarded commercial music company, announced today the promotion of Glenn Turell to Senior Vice President/Chief Financial Officer effective immediately. In his new position, Turell will be charged with seeking additional partnerships, alliances and acquisitions as Elias Arts continues to develop as a parent company for a roster of highly creative, entrepreneurial and small companies, united by their emphasis on music and sound across many channels.

With an MBA from New York University and a background in finance and strategic operations Turell joined Elias Arts in 2003 specifically charged with upgrading the Company's planning and reporting capabilities after its sale to private equity firm Seaport Capital www.seaportcapital.com in 2002. Before Elias Arts, Turell held various financial management positions including that of Controller and Director of Finance for Starwood and WWE.

Martin Pazzani, Chief Executive Officer, Elias Arts comments, "Glenn has repeatedly demonstrated great skill as a financial executive with a unique appreciation of the creative process, and especially for music. He has been instrumental in our efforts to evolve the Company from a production culture to a "creative music agency" offering our clients not only a wide range of original composition and licensing services, but also the intellectual capital of how to use music for commercial applications in a modern world."

Commenting on his expanded responsibilities, Turell notes, "As the music business continues to evolve, Elias' is poised to optimize its full growth potential both domestically and abroad. We continue to set the standard of excellence in the areas of music and sound and anticipate taking steps towards further developing and expanding our business." In addition to his new responsibilities as Senior Vice President/CFO, Turell will continue to oversee planning, budgeting, reporting, funds managements, accounting, financial analysis and payroll, reporting to the President/CEO Martin Pazzani and working out of Elias Arts New York City offices.

Elias Arts founder and Chief Creative Officer Jonathan Elias summarizes, "Music is such a positive global and cultural force, and so much a part of entertainment, advertising, and film, that it is very exciting to be exploring new ways to extend our expertise in commercial music."

About Elias Arts Holding LLC and Seaport Capital:

For 27 years Elias Arts has used the emotional power of music and sound to launch, grow and reposition the most recognized brands and companies around the world. Elias has worked with well over 700 of the Fortune 1000 companies and helped to turn numerous startups into everyday brand names. With offices in Los Angeles and New York, and a renowned roster of gifted composers, producers, and marketers, they are the maestros of using music as a powerful integrated marketing tool and brand builder.

Elias Arts' mission is to apply the powers of music and sound in unique and creative ways to build economic value for their clients. Since 2002, Elias Arts has been owned by Seaport Capital, and together, they have embarked on a plan to extend the powers of music and sound into new channels, new mediums, and new markets. Elias Arts is now the only music company to employ a staff of professional brand strategists and marketing gurus, who have devised a process that creates 360-degree Audio Identity systems -- a way of using music and sound across all consumer touch points to create brand harmony -- and makes marketing dollars more effective.

With a music supervision department headed by KCRW's tastemaker- extraordinaire Nic Harcourt, a roster of Featured Artists that includes The Pixies' Joey Santiago, and the talented in-house composers assembled and mentored by famed composer Jonathan Elias, Elias Arts is in a class of its own.

Seaport Capital, based in New York City, invests in middle market media, communications, and information and business services companies. Seaport provides equity capital for growth, recapitalizations and buyout opportunities in these industry segments for companies with market capitalizations under $200 million, typically investing between $5 million and $35 million in companies in targeted industry sectors.

Contact for Elias Arts:
Vivian H. Brooks
#508-347-2368

Source: Elias Arts Holdings LLC

CONTACT: Vivian H. Brooks for Elias Arts, +1-508-347-2368

Web site:

http://www.eliasarts.com/
http://www.seaportcapital.com/

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