SEATTLE, July 8, 2005 (PRIMEZONE) -- NetMusic Entertainment Corporation (Pink Sheets:NTMT) announced today the company's recent alignment of focus towards the delivery of wholesale digital media and services is being well received in the marketplace.
The company is in negotiations with several parties including certain large manufacturers of digital media devices to provide content and media delivery services for these manufacturers and their customers. The completion of these negotiations, which are in the contract stage, will provide NetMusic with positioning in a number of the nation's largest retailers. In conjunction with these negotiations, the company has re-engineered its website and content delivery platform to better serve its wholesale clients.
According to Chairman and CEO, Glen Starchman, "In the past weeks we took a hard look at where this industry is going, and coincidently, the answers to that question are directly in line with the vast majority opportunities that are coming to NetMusic on a daily basis. We have focused heavily on solidifying our offerings to service these customers' requirements and closing those opportunities already on the table. Included in these efforts is a major overhaul of our technology base so that our websites and core infrastructure will better handle the unique needs of the wholesale marketplace."
The company has also been entertaining a number of wholesale opportunities being developed in conjunction with its marketing partners. Included among these are large consumer products companies seeking to use media to add to the value of their own brands, and certain large terrestrial radio operators looking to use digital media delivery to add to their bottom lines. The company expects strong revenues from these efforts while expending a fraction of the marketing costs similar revenue in the retail environment would necessitate.
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.