SEATTLE, July 29, 2005 (PRIMEZONE) -- NetMusic Entertainment Corporation (Pink Sheets:NTMT) announced today that it has completed its revamping of the company's Media Delivery Platform for the wholesale market and that it is executing contracts with OEMs to deliver personalized DMS and Media Delivery solutions for portable digital devices. As per agreement with the two OEMs, participants will be announced in conjunction with the product and service launch expected during this quarter - 3Q '05.
According to Chairman and CEO, Glen Starchman, "We are very pleased with the solid forward progress both on the technology and sales side of this new initiative. Everyone is very excited about the revenue potential of this initiative. Our sales efforts have also expanded beyond hardware manufacturers. We are in serious discussions with a revolutionary consumer products and services organization that is looking to us to support content distribution services to its platform. In line with our projections, we are seeing the advantage of tying our initiative to strong players whose own sales and marketing efforts should significantly benefit NetMusic without taxing the company's own resources."
The NetMusic Delivery Platform, the culmination of nearly two years of research and development, allows customers to create digital music stores (DMS) and similar media delivery systems in a rapid and cost-effective manner while allowing for maximum flexibility and scalability. Customers interested in licensing the NetMusic Delivery Platform should contact platform@netmusic.com.
About NetMusic:
Edmonds, Washington-based NetMusic Entertainment (http://www.netmusic.com/) is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic focuses on providing media distribution opportunities in both audio and audiovisual spaces for third party brands seeking to engage consumers with media. Recently, the company announced plans for the acquisitioning of licensing to the catalogues of the largest recording companies in the industry as well as plans to launch a video-on-demand service. Investors interested in obtaining more information about the company are invited to visit: (http://www.netmusic.com/corp/).
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although NetMusic Entertainment Corporation believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by NetMusic Entertainment Corporation or any other person that the objective and plans of NetMusic Entertainment Corporation will be achieved.