As previously reported, Fab made the decision to hold off on the release of his There Is No Competition Pt. 2 (Funeral Service) mixtape in respect for the tragedy in Haiti.

Now continuing to show his respect for other parts of the world, Fabolous is taking the stage for NIKE's (RED) Lace Up, Save Lives benefit.

He will not act alone however and will be joined by Asher Roth, Pac Div and the All American Rejects.

Taking place January 30, 2010, from 4pm-6pm the acts will perform at Hollywood, California's The Montalbán.

For admission to the event, teens must bring their High School ID and donate $4 to Nike(RED) and in return will receive a pair of Nike (red) shoe laces.

Proceeds from the concert will benefit the Nike (RED) HIV awareness campaign.

Fabolous will also design a Bespoke Air Force 1 in honor of the event to be auctioned off with proceeds benefitting (RED).

Additionally one lucky raffle winner will receive the shoe in the style designed by Fabolous in his/her size at the concert.

“I wanna Thank everyone at Island Records/DefJam for their faith in me and making me Executive Vice President of Island Records. Thank you to my team..my manager Mark Stewart & my attorney Aaron Rosenberg for getting this 1st step of a goal accomplished. Thanks to Judy. Thank you to my partner Tricky Stewart and the RadioKilla & RedZone Staff. LA Reid, Karen Kwak, Steve Bartels, Joe Barino. Steve Gotlieb and Thank you, Universal Chairman, Doug Morris. I look forward to the challenge of rebuilding music for not only Island Records, But for Universal Records as a whole. Today I'm humbled and blessed. Terius "The-Dream"

RadioKilla is taking over the position previously held by Chris Hicks, who took over the position after the untimely death of Def Jam executive, Shakir Stewart. Now L.A. Reid and the Def Jam family are passing the reigns to one of their own by giving the position to The Dream. The Dream also made sure to give a special shoutout to his fiancé, singer Christina Milian and her family for their support.

“Oh yeah thank you Christina for your wonderful belief in me i love you! also i want to thank the entire Nash family and Milian family for the Super Support you Give! this doesnt mean i have extra money it means i have extra bills LOL.”

His third album, which he says will be his last, is entitled Love King and due for release later this year. He is also featured on Fabolous's hit single “Throw It In The Bag” and Shawty Lo's “Atlanta, GA” featuring fellow ATL music runners Ludacris and Gucci Mane.