Dick. I did not say that CM was principally a recording outfit. That side of CM business is probably a minority activity these days and has been for several years. CM and its famed owner, Mr Bulmer, makes money out of other more lucrative activities - distribution being just one of them. The problem stems, it seems, from Mr Bulmer's preferred accounting method which is that of contra accounting and this is where he gets the upper hand over all those he deals with. It is perfectly feasible for him to damage distributors in this way. The notion of product (ie records, tape s and CD's) exchange is his way of ultimately ensuring that the other parties lose out. I think that if you delve a little deeper into his methods you will see that I am right and you will probably discover that on accounting day, Mr B applies all the ancillary charges (normally carried as an element of "cost of sales") which effectively put the other party into a debtor situation. Arguments follow and then the legal eagle Sharpley swings in to gear with writs and threats of all sorts of legal action. This is the way CM does business. Dick, ask around and if you still consider that a deal with Bulmer could be good, take time to develop the proberbial eyes in the backside. It will certainly be profitable but assuredly those profits will be Mr Bulmer's.