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Neal McCoy's 903 label to close

Friday, May 4, 2007 – 903 Music, the label started by Neal McCoy and also home to Darryl Worley, is closing its doors, according to Billboard magazine.

"The truth is that after two great years of success due to the hard work of a lot of wonderful people, we flat ran out of money, end of story," McCoy said in a statement on the Billboard.biz web site.

McCoy released his album, "That's Life" on the Nashville-based label in 2005 and sold about 184,000 units. He also had a hit single with "Billy's Got His Beer Goggles On" in 2004.

Worley released his label debut last November, selling about 59,000 units of "Here And Now." Of the three singles to chart, the biggest was "I Just Came Back (From A War)," from earlier this year. The song made it into the top 20. Worley's album, "Here And Now." Worley previously was on DreamWorks Nashville.

No one could be reached Friday for a comment.

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