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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.
Musicrypt Advances to Tier One Listing on TSX Venture Exchange
Exchange Recognizes Company's Growth
TORONTO, April 19 /CNW/ - Musicrypt Inc. (TSX-V: MCT, OTC: MCYPF), the leader in secure digital media distribution, today announced that it had successfully applied for and received approval to be listed as a Tier 1 company on the TSX Venture Exchange. Tier 1 is the most senior level on the TSX Venture Exchange, providing listed companies with the benefits of regulations and governance that are similar to those of the Toronto Stock Exchange.
"We are very pleased that the Exchange has acknowledged the progress Musicrypt has made and expect that this more senior listing will add to the confidence the investment community has in us," said John Heaven, President and CEO of Musicrypt.
Musicrypt is powering the changes occurring in the digital music industry with its patented DMDS technology. Musicrypt's DMDS has delivered over 7,500 different songs from more than 150 record labels to destinations which include radio stations representing over 35 U.S. broadcast chains. Musicrypt is partnered in the U.S. with Billboard, R&R and Nielsen BDS; in the UK, Europe and Australia with Adstream Ltd; and is marketed to the U.S. advertising industry by AWE, a division of Omnicom, and The Gary Group. DMDS is the only digital delivery system that can deliver music throughout the U.S., Canada and the UK.
About Musicrypt Inc.:
Musicrypt's patented Digital Media Distribution System (DMDS) is the leading secure B2B digital media 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. DMDS replaces the physical distribution of musical recordings and advertising to radio, media, retailers and other authorized recipients with more accountable, effective and far less costly digital delivery 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
PR Contact for Musicrypt Inc.: Sarah Miller, Axis Marketing & PR, 139 S. Beverly Drive, Suite 203, Beverly Hills, CA, 90212, Tel: (310) 276-2220, smiller@axismarketingpr.com
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