DALLAS, March 16, 2005 (PRIMEZONE) -- Immediatek (OTCBB:ITEK) announced today that its DiscLive unit will be recording several bands for MTV2's special promotional CD entitled "SXSW 2005 Live." The acts being recorded during the festival at various 6th Street venues in Austin, Texas are Bloc Party, The Bravery, Death from Above 1979, The Kills and The Soundtrack of Our Lives. The limited edition, individually numbered CD will be distributed by MTV2 on Saturday, March 19th at SXSW.
According to Zach Bair, CEO of Immediatek and DiscLive, the company will be running multiple recording rigs and recording simultaneously on the nights of Thursday and Friday, March 17th and March 18th.
"DiscLive will be recording tracks from these great bands, which will then be assembled on the MTV2 SXSW 2005 Live CD, and on Saturday morning, our custom mobile duplication rig will crank out the 2000 CDs. Soon thereafter, SXSW attendees and fans will be enjoying one killer disc!" said Bair.
"And, as in keeping with our NetBurn Secure rollout last year at SXSW," added Bair, "we are very happy to be working with and supporting emerging artists in new and innovative ways. MTV2 is certainly a leader in this type of thinking."
SXSW is an annual music festival and conference held in Austin, dubbed "the live music capital of Texas." For a full performance schedule of the bands appearing March 16th-19th, please visit http://www.sxsw.com.
Immediatek (OTCBB:ITEK) is the parent company of DiscLive, and is the developer of NetBurn Secure(TM) (www.netburncd.com), the only "single-click CD download and burn" software product on the market that helps record labels, artists, and content providers curb Internet piracy and protect their revenues by providing copy control even after digital music has been burned to disc, and which provides a new paradigm in digital delivery through the NetBurn Portal System. Immediatek is combining technologies to create new and exciting product offerings, all geared for creating new revenue streams for artists and labels, and implementing copy management to help reduce illegal file-sharing activity. Immediatek was founded by CEO and musician Zach Bair, who also founded venture-backed Voyence (www.voyence.com) as PowerUp Networks in 2000. NetBurn Secure(TM) also employs technology by third parties such as Microsoft (Nasdaq: MSFT) and includes security components by SunnComm International (SCMI). Immediatek's company website is www.immediatek.com.
DiscLive (www.disclive.com) is a pioneer and the leader in the new business of recording concerts and distributing mass CDs immediately after the show. The company is expanding its business rapidly as the live disc phenomena continues to grow. The company has completed tours from Vermont to California as well as in Canada and the United Kingdom, with its state-of-the-art mobile recording and production facilities that can produce 1,000 high quality CDs in less than 20 minutes. The company is headed by CEO and musician Zach Bair. A May 2, 2004, headline in The New York Times dubbed the DiscLive offer of legal, high-quality CDs made available immediately after the concert "Rock's Best New Souvenir."
Safe Harbor Statement: This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors, including but not limited to, changes in the retail market place, changes in underwriting results affected by economic conditions and other factors described from time to time in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10KSB for the year ended December 31, 2002. All forward-looking statements made in this press release are based on information presently available to management of the Company. The Company assumes no obligation to update any forward-looking statements.