Mitch Kolouris the CEO of Sacramento startup company Digital Music Group International (DMGI) was interviewed yesterday on NPR. You can hear the whole interview here.

As you may remember, Mitch worked as a manger for Tower Records for many years and in the interview the point is made that Mitch saw the demise of the brick and mortar model and made the decision to start DMGI, a digital download music company. Couple that with the recent demise of Tower and I thought it made a pretty compelling argument for what DMGI is doing.

DMGI went public last spring and the stock price has wandered downward since then (high of $10.42 on February 7th to a new low of $3.75 on September 18th. After the interview, there was a really nice pop and the stock is currently at $6.88.

Hopefully there will be some good news at the earnings call scheduled for November 10th.

Sacramento needs this company to do well - headquarters, public company, IPO, local investors, etc. etc.

I need this company to do well - I am one of those investors - albeit, pretty small!!

Gillian Parrillo
The Sacramento Executive