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As Ross Ryan's default management organisation and record label, Coathanger has been keenly anticipating the conclusion of the long journey that has been the recording of Ross's first studio album in nearly two decades. Many of you have shared this experience with us - although in different ways.

As fans, I would assume you are eager to hear what, let us say euphemistically, a "more mature" Ross Ryan sounds like. Having possibly grown up as your grandparents listened to Ross's music you might even be hoping that he will continue to chart your own life experiences; supplying the soundtrack to your own simple hopes and dreams.

On the other hand, we just want to sell as quickly as we can, as many damn CDs as possible. It's called liquidity and it's a kind of popular concept around the offices here at Coathanger.

Thus, it is with a heart heavier than you can imagine, that I and the Coathanger board have decided to cancel the release of the completed album - "Chase The Ghosts Away" - delivered, by Ross, to our offices in Milan during the closing moments of 2002.

In a nutshell - the album's a downer. You might think he had the odd moment of sad reflection in some of his past material but believe me when I say - you folks don't need to hear this. I have to admit we had no idea how depressed the guy's been and looking now at recent publicity shots it does seem odd that no one really noticed.

Our solution is twofold. Firstly, our lawyers have explained to Ross that the Latin sections of his contract more or less obligate him to rewrite most of the album's lyrics. The recordings themselves are excellent and really how hard is it to write a bunch of new words? Ross's brief is to seek out the lighter side of life and to pass this off as art.

The second part of our plan is to cheer Ross up. We are presently mapping out a promotional campaign which will highlight, though mostly magnify, the positive sides of Ross's personality. Our strategy is to make the guy feel good about himself again.

For the record - all copies bar one of the "Chase The Ghosts" album have been destroyed. The sole remaining copy will be locked away until its collectors' value reaches superannuation levels (see "liquidity" above).

Allow me to end on a positive note. DeKlien Inc. - the parent company to Coathanger - will get beyond this mere hiccup. Our experience in automotive spare parts and the ever evolving Italian legal system will make sure that executive bonuses are met and that rising Corsican land values will not impact too harshly on our management sector.

I promise you - we will survive and grow.

Then of course, there's Ross.

God Bless you all

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