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Newsroom - Clients - MCYPF
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
Musicrypt Inc.
Cohen Independent Research Group Recommends Musicrypt as Buy
Wall Street's #1 Independent Research Firm Reports Target Price Range of $1.02 to $1.12
TORONTO--(MARKET WIRE)--Jan 19, 2006 -- Musicrypt Inc. (Vancouver:MCT.V - News) (Other OTC:MCYPF.PK - News), the industry's leading digital music distribution company, today announced that it has received a buy recommendation in a report issued by Cohen Independent Research Group (CIRG), Wall Street's number one independent research firm. This is the first of a series of four research reports on Musicrypt and its Digital Media Distribution System (DMDS) that CIRG will be providing this year.
The purpose of the report is to provide the investment community throughout North America with research coverage on Musicrypt Inc. The entire report can be viewed on CIRG's website at: www.cohenresearch.com.
"At Cohen Research, we very carefully scrutinize the companies we choose to provide research on, and Musicrypt is just the kind of company we look for," said Paul Cohen, President of Cohen Independent Research Group. "The potential for growth is substantial and the timing could not be better for a technology company focused on security in the entertainment and advertising industries."
Musicrypt's Digital Media Distribution System (DMDS) has delivered over 3,000 songs to over 2 million destinations, clearly making it the dominant secure digital delivery system in North America. Musicrypt is partnered in the U.S. with industry leader, Billboard Radio Monitor and endorsed by Clear Channel Radio and XM Satellite Radio.
"We are very pleased to have Cohen Independent Research, after their 70-page detailed analysis of our company, recommend Musicrypt as a buy," said John Heaven, President and CEO of Musicrypt. "This thorough report will provide the financial sector in the United States and Canada with valuable insight into the opportunities that Musicrypt has before it."
About Cohen Independent Research Group:
Cohen Independent Research Group is Wall Street's number one independent research firm. CIRG provides and distributes Wall Street research-analyst coverage for a select group of companies with outstanding business models. CIRG is considered to be the gold standard of small cap Wall Street research in the United States.
The stock performance on all companies that have received written research coverage from CIRG between November 2002 and January 2006 has been:
Marked to market: +46.5%
Within 30 days after initiate coverage: +44.6%
Report date to high price during time period: +195.3%
About Musicrypt:
Musicrypt's patented Digital Media Distribution System (DMDS) is the leading secure B2B digital delivery solution for the music industry. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. The first application of DMDS replaces the physical distribution of new musical recordings by record companies from the studio, internally, and to radio stations with more secure, more effective and less costly digital distribution of broadcast quality media via the Internet. Musicrypt trades on the TSX Venture Exchange (TSX-V) under the symbol MCT and in the U.S. under (Other OTC:MCYPF.PK - News). For more information on Musicrypt, please visit www.musicrypt.com
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
PR Contact for Musicrypt:
Sarah Miller
Axis marketing & PR
(323) 653-7800
smiller@axismarketingpr.com
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