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A penchant for classic rock and a knack for the art-of-the-deal has truly paid off for David Pullman, the pioneering investment banker who created 1997's most famous deal‹"Bowie BondsTM." As the first and only financial professional to ever securitize intellectual property based on future royalty income, Pullman has single-handedly invented a new hybrid of investing. Though business was always his destiny, David Pullman was first a student of the arts; an artist himself whose skills in painting and drawing got him accepted to the top art schools. He was raised in New York City and Philadelphia which developed these passions for art, music, and culture. This has forayed Pullman into current positions on the Junior Committees of the Museum of Modern Art, Guggenheim Circle and the Whitney Contemporaries. Mr. Pullman's fast-start dedication, work ethic, endurance to get these complex deals executed is personified by his passion for competitive running. A member of the elite Central Park Track Club and New York City Running Club, he is an All State Cross Country and Track runner known for taking out the pace fast and first and keep going. He is also a perennial cross country runner at the finest Van Cortlandt course in New York. After graduating from the University of Pennsylvania, David Pullman went on to the Wharton Graduate School of Finance. From there, Mr. Pullman went to work at primary dealer firms such as Prudential Bache, Cantor Fitzgerald and Gruntal & Co. where he took the helm in the structured asset sales division. At Gruntal, Pullman helped shape the firm's stellar reputation as an asset backed securities specialist. His accomplishments there include transactions with an aggregate value in the billions of dollars. But even in these early days, the natural-born innovator always had an affinity for the exotics. Hence, in 1997 the $55 million dollar Bowie BondTM deal was created by David Pullman, whose fondness for the exotic coupled with his financial expertise and respect for artists inspired its conception. The deal was named Euromoney's 1997 deal of the year and was the first ever intellectual property securitization single "A" rated private placement. In August, 1998, The Pullman Group completed the second, third and fourth music royalty future receivable securitizations with the Motown songwriting superteam Holland Dozier Holland. The legendary songwriting trio is responsible for creating over 70 Billboard hits including "Stop In the Name of Love," "I Hear A Symphony," "Ain't Too Proud to Beg," "Baby Love" and "Where Did Our Love Go." The landmark transaction, a $30 million private placement of future music royalty asset backed securities, is backed by over 300 compositions. Holland Dozier Holland are credited with creating over $100 million in music publishing assets over their career. In November, 1998, David Pullman announced the completion of another breakthrough "Pullman Bond" transaction with the legendary musical team Ashford & Simpson. Together, Nickolas Ashford and Valerie Simpson have created some of the most memorable rhythm & blues songs of the past 30 years. The eight figure asset backed bond transaction based on Ashford & Simpson's future music royalties, was backed by approximately 250 musical compositions of the duo's publishers share, writers share and record masters. Among these consistently profitable classic tunes are "Ain't Nothing Like the Real Thing," "Ain't No Mountain High Enough," "Solid," "Reach Out And Touch (Somebody's Hand)," "I'm Every Woman," "You're All I Need To Get By," "Your Precious Love," and many more. The Pullman Group, whose experience includes well over $1 billion in transactions through June 1998, specializes in financing music publishing, writer's share record masters, artist and record royalties, film and television libraries, TV syndication, literary estates, other entertainment royalties and intellectual property. David Pullman, Managing Director of The Pullman Group, still remains the only financial professional who has ever completed such groundbreaking deals based on future entertainment royalties ("Pullman Bonds") and has 100% market share. The company's website is www.pullmanco.com. For more information, please call Samantha Kleier at Susan Blond, Inc. at 212-333-7728, ext. 119. David may also be contacted by e-mail at dpullman@pullmanco.com.
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