Pete Yorn, the Wallflowers' Rami Jaffee, and Los Angeles musician Marc Dauer have launched Trampoline Records with "Greatest Hits Vol. 1," an 18-track compilation that features previously unreleased tunes from all three principals, a number of songs from up-and-coming artists, and tracks from such former major-label artists as Minibar, Phil Cody, Peter Himmelman, and Pete Droge.

"It's really us and our friends," says Yorn of the Sept. 3 release. "I moved [to L.A.] six years ago, and Marc was responsible for hooking me up with every musician I knew in town. It became a group that toured together and played together. This record's really about exposing a lot of bands whom we love."

Dauer, who was formerly in MCA band Five Easy Pieces and is now in Jukebox Junkie (as well as being an emergency room doctor) says the plan is to continue releasing compilations, but the label would also like to put out full-length releases from his band, Minibar, and Gingersol. He notes, "They all have records ready to go."

Trampoline is looking for a long-term distributor. For now, a number of the set's acts -- who provided their tracks for free in exchange for a share of the earnings -- will play Oct. 29 at the House of Blues in Los Angeles, which Yorn hopes will lead to a Trampoline tour.