MONTREAL, July 26, 2005 (PRIMEZONE) -- A.G. Media Group, Inc. (Pink Sheets:AMGJ) announced today that web traffic on its GospelCity.com web property has increased approximately 10% per month since April 2005 and now exceeds 25 million hits per month. This continued increase in traffic is forecasted to add about $2 million to the company's revenues. Over half of all US households are now on the Internet and can access the G-Player multimedia streaming feature on GospelCity.com. G-Player is a customized media player which streams audio and video content for users to hear and see their favorite music artists. Advertisers use streaming technology to stream rich media ads.
GospelCity also enables other sites, including the Company's content partner, AOL Black Voices, and artist websites, to link to the G-Player to display content to their audiences without users downloading or copying the content.
A.G. Media's president, Pierre Redding, stated, "We are extremely pleased with the performance of our G-Player. Web traffic growth is currently trending 10% per month, which will add up to about 2 million dollars in growing revenues. The G-Player improves the Company's ability to reach a more diverse group of advertisers and is critical in streaming rich media advertising in full audio and video. Advertisers seek new media to reach their customers using an interactive and dynamic interface like G-Player. A recent report from eMarketer showed that rich media ad spending is growing at 25% per year and that the rich media ad market is becoming increasingly valuable for advertisers. Also stated in the report was streaming rich media advertising gets an average of a 3.0% click-through rate, some six times more effective than more traditional banner ads. Streaming video alone is projected to generate nearly $400 million in revenue this year and $3.3 billion in 2007 (Source: In-Stat/MDR Research).
The G-Player has been used extensively by new and established artists to provide a closer reach with their audience through exclusive and premium content such as music videos, interviews, new music previews and samples. This provides the company with another advertising revenue stream and adds an important component of advertising inventory to existing banner ads on the site. This interactive feature allows the distribution of television commercials and radio spots through the player to reach Christian and family-friendly consumers online. GospelCity is the only web property targeted to the Urban Christian audience regularly presenting audio and video content through a customized player.
The G-Player can be viewed throughout GospelCity at: www.gospelcity.com.
About A.G. Media Group, Inc.
A.G. Media Group (http://www.agmediagrp.com) was established to become a leading Christian media holding company comprising Christian-based Internet, print, radio and television related content properties and technology development services. A.G. Media is also focused on the development of valuable, high demand content for distribution through multiple media outlets and through its continually growing audience base.
About GospelCity GospelCity, part of A.G. Media Group's Internet and New Media Division, utilizes new media technologies and services to provide access and exposure to Christian music and entertainment. GospelCity produces GospelCity.com, recognized as the leading web destination for Urban/Gospel Christian music fans and consumers who desire to access Christian music, artist information, inspirational content, community exchange and spiritual programming online. GospelCity.com offers an easy and enjoyable means to connect consumers with the Christian music industry and with other Christian music fans and consumers.
Safe Harbor Statement
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