JAG PANZER guitarist Mark Briody has issued the following:

"Hello everyone,

First of all - A HUGE congratulations to Chris Broderick for his new gig with MEGADETH. Chris is a worldclass talent and the hardest worker I've ever met. He's like a brother to me and I'm excited for him to get this opportunity. Myself, and everyone else in the band, not only support Chris's decision, we're excited for him.

We (Jag Panzer) have brought Chris Lasegue back to play guitar. Chris tore it up on Chain Of Command and his chops are light years better then they were back then.

So why the total silence from Jag Panzer over the past year? Frankly, I'm upset about getting the rug pulled out from me on the live album. We have a budget for the live album. A tiny budget. I took out a spreadsheet and figured that this budget would allow us to rent a van and drive to Montreal to record the live album. We'd have to supply the recording equipment ourselves and mix the live album ourselves. Yes, the budget is that small.

We were planning on recording the show for a live DVD as well. Releasing this live DVD would have offset our additional costs we incurred on the live album. But I never saw the DVD release paperwork from the label. Gas prices have gotten so high that our budget wouldn't even cover expenses one way to Montreal or anywhere else we'd need to go for a live album.

So right now we're stuck. We're contractually obligated to do a live album, but there funds to do it just aren't adequete. People have suggested we record the KIT show. That's a great idea. But I checked on the price of a mobile truck and it's double the budget. Arghhh!!!

My solution - we're moving forward with new material after we get back from Germany. I'm hoping things can get sorted out with the live album, but I have to move forward. I'm not angry with Century Media, I know they are trying to run a business. But something has to give.

So look for a new single in the months after KIT."