Musicrypt Issues Shares for Debt - :: News at Empire Relations Group

	Wensday, Aug 24, 2005

Empire Relations Group is a Premier Investor Relations Organization representing publicly-traded companies in their communications programs with existing shareholders and potential investors.


		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 Issues Shares for Debt TSX-V: MCT OTCBB: MCYPF TORONTO, Aug. 29 /CNW/ - Musicrypt Inc. ("Musicrypt" or "the Company"), today announced that it has reached agreement, subject to regulatory approval, to settle $40,000 in debt with the issuance of 91,000 shares valued at the price of $0.44 per share. 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. For more information on Musicrypt, please visit www.musicrypt.com The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. 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. For further information Musicrypt Inc., John Heaven, Chief Executive Officer, (905) 763-3553 jheaven@musicrypt.com
		Top of Page \| E-mail This Page \| Back to Newsroom

About Musicrypt Inc.

Muiscrypt developed and now markets a patented Digital Media Distribution System (DMDS), the leading secure B2B digital delivery solution for the music industry.

To link to corporate profiles in our members area click here (You must be a registered member to see profile).

What Our Visitors Say . . .
"I am very impressed with your Advisory Panel" - Dave Oppenheim - Senior Vice President, Westrock Advisors