MUMBAI: Graham Russell and Russell Hitchcock have signed a label deal with Las Vegas based independent label Odds On Records.

Distributed by E1 Music and headed by former Warner Bros. marketing and promotion executive Ted Joseph, the full-service company plans to release a new Air Supply studio album in 2010.

The timing of their first commercial release in nearly a decade coincides perfectly with the group’s 35th anniversary next year.

Their itinerary in 2009 includes many U.S. cities between jaunts to Japan, Brazil, Guatemala, Korea, and Hong Kong.

In May, they head to Australia to perform for the first time with the Sydney Symphony.

Odds On has also licensed two indie Air Supply projects, and Free Love, which is scheduled for a late July release, and Singer and the Song, which is set for fall. The albums were previously sold at Air Supply shows and on the duo’s website.

Joseph first entertained the idea of signing Air Supply after catching a Las Vegas show last year. "I saw females from 17 to 77–and a lot of males–who knew the words to every hit," he says.

Russell and Hitchcock will have carte blanche use of Odds On Records’ new multi-million dollar state of the art recording studio, which is run by head of Audio Production and Development Bobby Ferrari.