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CHRIS CAFFERY Comments On Possible Folding Of BLACK LOTUS RECORDS

May 20, 2006

Guitarist Chris Caffery (SAVATAGE, TRANS-SIBERIAN ORCHESTRA, DOCTOR BUTCHER) — who is currently in the studio mixing his new solo album, entitled "Pins and Needles" — has released the following statement regarding the possible folding of his record label, the Greece-based Black Lotus Records:

"The music business has not been the healthiest ever over the past 10 years. What once was 15 major labels is now two or three major label groups. Thousands have been laid off from work.

"Black Lotus Records are currently experiencing a situation that MAY be forcing them to close down. I am not 100% sure of the outcome now.

There are a few possibilities at the moment. One is as is mentioned in the Blabbermouth post. This would mean I would need to re-negotiate a new deal for 'Pins'. I am already getting calls and emails from labels all over the world. There is also the possibility of a corperate merger between Lotus and another larger company.

"In any outcome, my CD will be finished and released in the near future. Hopefully I can keep my October release schedule.

"I look at this situation as a positive... Black Lotus will either continue and be stronger with better distribution or I will have a new home with a similar, stronger situation.

"Bottom line is 'Pins' is a seriously cool CD and the music will speak for itself whatever the future may hold! Ironic because the title of the CD is about becoming numb to situations like this!"

As previously reported, Caffery has been confirmed for the Lorca Rock festival, which is set to take place June 17 in Murcia, Lorca (south of Alicante),Spain.

Caffery's backing band at Lorca Rock will include DORO bassist Nick Douglas and original SAVATAGE drummer Steve "Dr. Kildrums" Wacholz.

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