ENTI's MusicMatrix Signs With Major Music Company for Interactive Content
22 Julho 2010 - 11:45AM
Marketwired
Encounter Technologies, Inc. (PINKSHEETS: ENTI) CEO Rick Dibiase is
pleased to announce that ENTI's music video wunderkind,
www.MusicMatrix.com, has finalized an agreement through their
relationship with Medianet with the third-largest recorded music
business and third-largest music publishing business on the planet,
to sell and feature select material toward additional content and
potential revenues.
Music Matrix considers this a big win. The new agreement is with
a global leader in national and international content. "It's not
just a label, but a home to some of the best-known labels in the
recorded music industry," states Dibiase. In addition to its U.S.
labels, the music company operates through numerous affiliates and
licensees in more than 50 countries. "We see a good opportunity in
harvesting a progressive relationship with the group which features
an artist services business, offering artist management,
merchandising, touring, fan clubs, VIP ticketing, sponsorships and
brand endorsements, and numerous third-party solutions that
facilitate the sale of music-based content directly to consumers. I
feel this would be great fodder for tie-ins down the road for
MusicMatrix." The company's primary music publishing business is
one of the world's leading music publishers, with a catalog of more
than one million songs from more than 65,000 songwriters.
MusicMatrix currently features a highly interactive platform
which allows the user to upload, edit and share music videos. The
deal furthers the company's capabilities to capture revenue through
the e-commerce platform on the site, receiving a percentage of
sales for each and every mp3 and music video that is purchased on
MusicMatrix. As well, the expanded content offerings should prove
attractive to users with the ability to play with videos from
today's hottest stars and the industry's respected legends alike.
This, in turn, the company feels will increase its potential to
gain premium subscribers.
"This is a tremendous success for MusicMatrix and ENTI
executives, partners and shareholders," states Dibiase. "It's great
because it's demonstrative of the site's capacity to be
ever-evolving. It's important for shareholders to recognize the
tremendous headway we've made in these developmental stages, with
the ability to secure revenues alongside additional updates and
features all the while, including ancillary components such as the
MusicMatrix iphone app."
Digital Music sales were more than $2.9 billion last year and
continue to increase. As legislature continues to tighten against
piracy, those numbers are predicted to increase exponentially over
the next few years, with digital music sales overall surpassing CD
sales by 2011, conservatively.
MusicMatrix will continue to expand its catalog and video
editing capabilities as it nears announcement of the company's
celebrity spokesperson in line with the MusicMatrix national Dish
Network campaign.
Don't forget to tune in tomorrow for Encounter Technologies
weekly recap. This week's call will address the latest news for
MusicMatrix.com. The new call update will be available at 10:00am
EDT on Friday, July 23rd, 2010. The call can easily be accessed by
dialing the toll-free number, 800-642-1687, in the US and Canada or
706-645-9291 for international calls. Simply dial in the new
conference code, 78255017, when prompted. The Call-In Update is
conducted by Sheri Cook, Marketing Representative for Encounter
Technologies, Inc. The message can be accessed for one week, and a
new message will be updated each Friday at 10:00am EDT with a new
conference code.
About MusicMatrix.com On MusicMatrix.com, users are able to
participate in music video editing competitions in order to win
prizes and recognition. Encounter Technologies, Inc. (PINKSHEETS:
ENTI) has developed a cutting edge, innovative and simple to use
platform for MusicMatrix.com which facilitates the video uploading,
editing, sharing and viewing experiences. By creating an
environment which rewards both innovation and creativity, users are
given the incentive to implement their own unique online marketing
campaigns in order to expose a particular artist or song to
populations and demographics not typically reached through standard
mass campaigns.
About Encounter Technologies (PINKSHEETS: ENTI)
Encounter Technologies, Inc. provides end-to-end technology and
online marketing services, including design, build, hosting and
online marketing support. We specialize in social media, video
technology and online entertainment web solutions. Encounter
Technologies, Inc. utilizes pre-built applications to provide the
platforms in which to base solutions for businesses looking to
utilize video technology to increase online collaboration and
interaction. Our goal is to provide our clients with the best
methods to increase user value and achieve desired business
results. Simply put, Encounter Technologies, Inc. transforms ideas
into revenues. For more information about Encounter Technologies,
Inc. visit www.encountertech.com.
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause
future circumstances, events or results to differ materially from
those projected in the forward-looking statements as a result of
various factors and other risks. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place under reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
Encounter Technologies, Inc. under take no obligation to update
such statements.
Contact: Sheri Cook Marketing Representative Encounter
Technologies, Inc. press@encountertech.com
Encounter Technologies (CE) (USOTC:ENTI)
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