MIAMI, March 8, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: NetMusic Entertainment Corporation (Pink Sheets:NTMT), Juniper Networks, Inc. (NASDAQ:JNPR), Intel Corporation (NASDAQ:INTC) and Cell Therapeutics, Inc. (NASDAQ:CTIC).
NetMusic Entertainment Corporation (Pink Sheets:NTMT) issued a press release that may get investor's attention. Late yesterday afternoon, the company provided an update of its planned launch of its Video-On-Demand service. The launch, occurring on March 16th, 2005 at 6PM EST and running until March 17th, 2005 at 6PM EST, will demonstrate NetMusic's ability to bring to the public entertainment that traditional distribution models have made unavailable. Before the news was released, the company's stock closed at fifty cents a share.
This press release stated that for the first time ever, the movie "Dead Girl" -- starring Val Kilmer, Anne Parillaud, Adam Coleman Howard, and Amanda Plummer, featuring Famke Jensen and Teri Hatcher, and written and produced by Philippe Caland -- will be available exclusively through NetMusic.com.
This unique release is purposely timed in conjunction with the March 18th NY release of Hollywood Buddha, Philippe Caland's new highly engaging satire about an independent producer's obsession with getting his movie ("Dead Girl") sold and distributed.
"This represents the ultimate intersection of entertainment and democracy, creativity and capitalism," explains NetMusic Chairman and CEO, Glen Starchman. "At NetMusic, our vision is nothing short of creating the entertainment marketplace for the 21st century, complete with the transparency that is otherwise absent within current distribution models."
Starchman adds, "Traditionally, an independent film production company would be thrilled to have thousands of consumers watching its movie on any given day. Of course, this is impossible if you don't have distribution deals covering movie theaters, but practically speaking there are so few of them available. NetMusic will take entertainment directly to consumers anywhere in the world, anytime. NetMusic will build this model through the indie film community, and then seek out the major studios and production companies. This is the same growth plan we have employed in building our industry leading music catalogue, and we shall leverage that experience and success to build the world's largest visual entertainment catalogue as well."
NetMusic is developing several strategic relationships to further its entry into Video-On-Demand. The company has announced content development and distribution partnerships with Zamek Worldwide and KlikVU, Inc.
Edmonds, Washington-based NetMusic Entertainment 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 also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4000 plus labels. Recently, the company announced plans for the acquisitioning of licensing to the catalogues of the largest recording companies in the industry.
Other Stocks of interest yesterday were: Juniper Networks, Inc. (NASDAQ:JNPR) up 8.1% on 18.3 million shares traded, Intel Corporation (NASDAQ:INTC) up 1.7% on 88.2 million shares traded and Cell Therapeutics, Inc. (NASDAQ:CTIC) down 47.5% on 33.5 million shares traded.
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