EXPERIENCE HENDRIX Comments On Upcoming JIMI HENDRIX Auction

August 19, 2006

Experience Hendrix, L.L.C. has commented on the recent announcement by Ocean Tomo Auctions, LLC, a division of the Chicago-based intellectual capital merchant banc, Ocean Tomo, that 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 reportedly be sold at The Ocean Tomo Fall 2006 Live Intellectual Property Auction to be held on October 26, 2006 in New York City.

Experience Hendrix, the Seattle-based company owned by members of the family of the late James Allen ("Al") Hendrix, the father of the international rock star Jimi Hendrix, which owns and administers the rights to Jimi Hendrix recordings, songs and related properties, has issued the following statement regarding the matter:

"Experience Hendrix, the family company entrusted with maintaining the music and legacy of Jimi Hendrix, has become aware of an auction which purports to offer 'the entire Jimi Hendrix catalog' for sale to the highest bidder. Experience Hendrix is not party to that auction and has no intention, whatsoever, to dispose of these properties. This position is in accord with the wishes of Al Hendrix, Jimi's late father and heir, to keep the assets of the Jimi Hendrix Estate intact under the administration of Experience Hendrix, the company he formed for this purpose. The assertion that the catalog is the property of the Michael Jeffrey Estate is a specious one which has never been upheld by any court. When the Jeffery Estate asserted a similar claim against Warner Records in the late 1990s, a New York court rejected same as a fabrication. Experience Hendrix hereby gives notice to any would-be seller or buyer that it will use all measures to honor its mandate to vigorously protect its rights to the Jimi Hendrix catalog."

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