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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.
Former Vivendi Universal MP3.com exec joins Musicrypt Inc.
Addition of Chris Montgomery further strengthens US market position
TORONTO, March 28 /CNW/ - Musicrypt Inc., (TSX-V: MCT, OTCBB:MCYPF), the industry's leading secure digital media distribution provider, is pleased to announce that Chris Montgomery, former CEO of Vivendi Universal MP3.com Europe and senior executive at MP3.com Inc. (San Diego) will be joining the company as Executive Vice President Marketing and Product Management. Overseeing marketing and product development, Montgomery will continue the expansion in the US market as well as generate new revenue streams for the company.
Chris Montgomery said, "The opportunity that lies before Musicrypt is significant. They have clearly demonstrated the value they create to their music industry clients in Canada and have made great strides in the US market. It is my desire to help them achieve the same level of success in the US that they have achieved in Canada." He also stated, "The DMDS technology is transferable to other sectors of the entertainment and media industries and this will create new revenue streams for the company as well as transform other long-standing business models."
Musicrypt's DMDS technology plays a vital role in the delivery of promotional music and audio files from content owners to their final destination - radio and television stations, reviewers, and even internally at record labels. The revenue opportunity is estimated to be in excess of $100 million.
Commenting on the announcement, John Heaven, President and CEO of Musicrypt said, "Chris' extensive background in the digital entertainment sector will add tremendous value to our efforts to dominate the US market and expand into Europe. He understands the traditional music industry as well as the ever-fluid digital world that we live in. We are confident that he will help take the company to new heights."
Prior to joining Musicrypt, Montgomery spent four years at Vivendi Universal / MP3.com in the US and Europe, where he served as CEO, MP3.com Europe; CMO, Vivendi Universal Net; SVP, Digital Media Management Vivendi Universal and VP of Subscription Services, MP3.com. Montgomery was the driving force behind MP3.com's launch of the first on-demand subscription model on the Internet. Montgomery, who achieved an MBA from the University of Edinburgh, also spent four years at BMG Entertainment and held positions at Diamond Multimedia and RioPort.com. He has earned degrees from the University of Western Ontario and the University of Toronto, and an MBA from the University of Edinburgh (UK) where he is currently a Visiting Professor of business.
About Musicrypt:
Musicrypt is the leading digital music distribution company, having delivered thousands of tracks to more than 2.5 million destinations.
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 OTCBB:MCYPF. 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.
Sarah Miller, Axis Marketing & PR,
smiller@axismarketingpr.com, (323) 653-7800
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