FENDER RECORDS
Fender Records is a joint venture that Spencer created between Fender Musical Instruments (the world's leading musical instrument manufacturer) and Rhino Records (a division of AOL Time Warner) in which Morling is also a partner. Fender Records is a groundbreaking venture in that Fender's marketing machine – including more than 1,500 dealers, 1 million readers of its monthly magazines and more than 800,000 unique visitors to its website – will join forces with Rhino's vast merchandising expertise to market a series of CDs featuring the music of celebrated guitar and bass players using Fender products.

Fender Records' first CD, scheduled for release in June 2003, is titled Players. The album is a compilation of guitar-driven tracks by such celebrated artists as Aerosmith, Eric Clapton, Alanis Morissette and Green Day.

Next on Fender Records' release schedule is Op's Emerging Artists, which consists of tracks by unsigned artists whose music reflects the surf and skate lifestyle that the Ocean Pacific (Op) apparel brand is associated with.

I HOPE YOU DANCE
Morling has partnered with The Wolper Organization (Roots, L.A. Confidential) and Jaffe/Braunstein Films to produce a television film based on Lee Ann Womack's huge hit record "I Hope You Dance." The song has won numerous awards, including a Grammy for Best Country Song.

ROCKZONE
Morling are in active development on RockZone, an anthology series in which we take classic rock songs and dramatize them in true Hitchcockian fashion. Screenplays are being completed for Bob Dylan's "Knockin' on Heaven's Door," the Grateful Dead's "Truckin' With a Friend of the Devil" and Melissa Etheridge's "Come to My Window." Spencer serves as an Executive Producer on the project.