Rick Ross held a Maybach Music Group press conference at the Eventi Hotel in New York City on Wednesday (May 2), and he certainly had some big news to deliver.

In addition to announcing that his much-anticipated fifth LP, God Forgives, I Don't, is set for release on July 31, Rozay also confirmed that R&B singer Omarion is the latest addition to MMG. Special press-conference guests Swizz Beatz, Diddy and Lyor Cohen all turned up to share glowing words about MTV News' 2012 Hottest MC in the Game, who also brought Wale, Meek Mill and French Montana out to join him on the panel.

Ross served up his album release date early, explaining that the extensive delayGod Forgives, I Don't was originally expected at the end of 2011— will result in a project that his patient fans can truly appreciate.

"I'm extremely excited: The verses, the tracks, the production, the ad-libs, everything is just in the right place," he said. "Just the overall meaning, the story that's being told — they gonna really appreciate the title."

In reply to a question about dealing with mounting expectations surrounding the album, Ross remained Zen. "I zone all of that out," he said. "I just know I'm seeking perfection as an artist when I critique my music, so regardless of how long it takes, I think everybody will appreciate it."

God Forgives, I Don't will drop in July, but expect plenty of MMG action both before and after that. Maybach Music's Self Made Vol. 2 will debut on June 26, French Montana follows with Excuse My French on July 17 and Meek Mill rounds things out with Dreams and Nightmares on August 28.

Project release dates aside, the biggest news at the press conference was that Ross has officially signed Omarion to MMG. The former B2K singer appeared near the end of the session to announce his new deal. "First and foremost, I wanna thank everybody for coming out, not only for this special moment in my career, but for this special day in music," he told the crowd. "To Rozay, it's a pleasure. Today, I become a made man." (Queue the MMG drop.)

Ross then took the mic to give some additional details on how the deal came about.

"I flew him down to Miami and he played me maybe a dozen records and I was amazed by the music that he put together, the music he was working on, the music he was writing," Rozay explained. "His dancing is incredible, he's an actor, he's a writer — I just thought it would be a great move for both of us. I've been looking at going into the arena of R&B records and I felt he was the best artist to kick the doors open with. I think his work ethic and his project is gonna speak for itself."

In response to all of the other rumors that Ross might sign artists like Nipsey Hussle and Dom Kennedy, he only had this to say: "We're a dream team when it comes to making records and making big records, so I just let the rumors circulate."

What do you think of Ross signing Omarion to MMG? Tell us in the comments!