Taking them to the next phase, music royalty securitization expert David Pullman said he has signed an exclusive contract with Ron Isley of the Isley Brothers.

Pullman, who lit the fuse on the first music royalty deal with his "Bowie Bonds," said he is working on an eight-figure private placement of debt, backed by music royalties accruing to Isley and his Isley Brothers catalog. As with his previous music securitizations, Pullman said he expects this one will also be in the Single-A ratings category.

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