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Musicrypt Reports 500% Growth in U.S. Song Deliveries
Deliveries via DMDS to U.S. destinations increase 500% in Q4 over Q1 2006
Toronto, Canada, (Billboard Publicity Wire) February 14, 2007 - Musicrypt Inc. (TSX-V: MCT, OTC: MCYPF), the leader in secure digital media distribution, reports that deliveries of music tracks using its Digital Media Distribution System (DMDS) in the US increased 500% from the first quarter of 2006 to over 219,000 deliveries in the fourth quarter of 2006. This rapid growth is attributed to the widespread adoption of DMDS by radio stations and major and independent labels throughout the US. In 2006 DMDS delivered songs from superstar artists such as American Idol winner Taylor Hicks, Beyonce, Neil Young, U2, Ludacris, Norah Jones, Dixie Chicks, Tony Bennett, Red Hot Chili Peppers, and hundreds more.
"The rate of growth in the US is quite remarkable and is continuing to accelerate into 2007," said Chris Montgomery, Executive VP Marketing for Musicrypt. "This increase is primarily driven by major label artist releases and we have begun marketing our service to the independent music sector. We expect this expansion to continue in the US as well as the UK, Europe and Canada."
Musicrypt's patented DMDS has delivered over 7,000 different songs from more than 150 record labels to destinations which include radio stations representing over 35 US broadcast chains such as CBS/Infinity, Citadel, Clear Channel, Cox, Cumulus, Emmis, EntreVision, Entercom, Federated Media, Sirius, Journal, DMX, Jones Radio, AOL, Music Choice, Radio One, Salem Communications, Univision, Westwood One, Regent, Premiere Radio, Next Media, XM Satellite Radio, Waitt Media and many others. DMDS is the only digital delivery system that can deliver music throughout the US, Canada and the UK.
Musicrypt is partnered in the US with Billboard, R&R and Nielsen BDS, in the UK, Europe and Australia with Adstream Ltd., and is marketed to the US advertising industry by AWE, a division of Omnicom, and The Gary Group.
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. 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
Tel: 323 653-7800
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