SEATTLE, Aug. 19, 2005 (PRIMEZONE) -- NetMusic Entertainment Corporation (Pink Sheets:NTMT) is pleased to announce that it has begun to see revenue from former competitors by supplying them with content and delivery services -- a move initiated earlier this year when the Company chose to switch its focus toward a wholesale model.
In July, NetMusic Entertainment completed the NetMusic Delivery Platform, a turnkey solution for rapidly creating and operating digital media retail sites. The creation of the NetMusic Delivery Platform was a direct response to the changing digital media marketplace and customer requests. The Platform has undergone extensive testing and is now being deployed to customers. The first two users are OEM manufacturers of portable media players seeking content and media delivery solutions.
"We are very excited about this launch and anticipate great success as we bring more and more customers on-board. One of the largest expenses of a company, particularly an entertainment company, is advertising and promotion. As NetMusic transitions into a wholesale media company it is able to shift these expenses to our platform customers. This significantly affects our bottom line -- in a very positive way," said NetMusic Entertainment Chairman and CEO, Glen Starchman.
"We believe that NetMusic is ahead of the rest of the pack by moving into the wholesale space. The industry is changing very rapidly. New players continue to enter the digital music service space. Rather than compete with them, we'd like to supply them. NetMusic offers software and content for them to operate; and we get to grow our business by generating revenue from the very companies that used to be our competitors," continued Starchman.
The NetMusic Delivery Platform is designed to allow customers to quickly and easily establish a digital music service (DMS) using an Application Service Provider (ASP) model, hosted model, or source code licensing. The platform utilizes an open component architecture that allows maximum choice for the client including running on either Windows or Unix servers. Pricing for the NetMusic Delivery Platform will depend on the configuration chosen by the customer. Interested parties should contact platform@netmusic.com for further information.
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.