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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 Inc. And Pando Networks Inc. Enter Media Distribution Partnership
DMDS to Provide Secure Delivery of Large Media Files, Music Video and TV Commercials
TORONTO, July 19 /CNW/ - Musicrypt Inc. (TSX-V: MCT, OTCBB: MCYPF), the industry's leading and most secure digital media distribution company, today announced a partnership with Pando Networks, Inc. based in New York City. Musicrypt will become the "Media Distribution Design Partner" for Pando, and this new relationship, combining Musicrypt's patented Digital Media Distribution System (DMDS) and Pando's revolutionary technology, will give users the ability to deliver large media files, including music videos and television commercials quickly, securely and inexpensively to destinations worldwide using the internet.
"We are excited about this new technology collaboration and partnership with Musicrypt. Their DMDS will provide media industry users with more security, faster file delivery and better quality, which are important when porting large files of this type," said Robert Levitan, CEO of Pando Networks, Inc. "Musicrypt's leadership in digital media distribution will provide the media industry with an advanced delivery system that's more effective, secure, and user friendly than present alternatives."
Featuring a highly intuitive, drag, drop and send interface, Pando combines the best aspects of peer-to-peer technology with the send-and-forget paradigm of email. Using Pando Networks' expanded BitTorrent technology, Pando bypasses the email server to transport "Pando Packages," a combination of files and/or folders, which are then downloaded directly from the Pando network to the recipient's computer. This technology is scalable and capable of delivering the HD quality files required by broadcast networks.
"Pando is an exciting new company with great collaborative opportunities for Musicrypt's DMDS, giving us a clearer and stronger market leadership position," said John Heaven, President and CEO of Musicrypt. "Our partnership with Pando will create attractive opportunities for both companies that should lead to increased value for our current and future customers as well as Musicrypt stakeholders."
Musicrypt's DMDS is used exclusively by every major broadcaster and record label group in Canada, and is making a significant impact in the U.S., partnered with Billboard Information Group and Nielsen BDS. The company has ended its second quarter with revenue increases, additional funding, an increase in market share within the digital media and music industry, and has released the most comprehensive Mac application available. Musicrypt's DMDS has delivered thousands of songs from over 40 record labels to millions of destinations including radio stations representing more than 35 broadcast chains in the U.S.
About Pando Networks, Inc.:
Pando Networks is a privately held company that provides the transport for today's large personal media. The company offers a free, simple to use consumer application with an underlying peer-to-peer network architecture. Based in New York City, Pando Networks is led by CEO Robert Levitan, who previously co-founded iVillage. The company is funded by Intel Capital, BRM Capital and Wheatley Partners. For more information, please visit www.pando.com.
About Musicrypt Inc.:
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 OTC: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.
PR Contact For Musicrypt: Sarah Miller, Axis Marketing & PR, Tel: (323) 653-7800, smiller@axismarketingpr.com
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