Cormark Securities Issues Buy Recommendation on Musicrypt
Musicrypt Inc. has received a Buy recommendation with a target price of $1.00 in a research report issued by Cormark Securities Inc.
Toronto, Canada (Billboard Publicity Wire) April 12, 2007 -- Musicrypt Inc. (TSX-V: MCT, OTC: MCYPF), the leader in secure digital media distribution, today announced that it has received a Buy recommendation with a target price of $1.00 in a research report issued by Cormark Securities Inc. (formerly known as Sprott Securities Inc.). The purpose of the report is to initiate research coverage on Musicrypt for the institutional investment community.
"We are very pleased to receive this endorsement from a highly regarded firm such as Cormark," said John Heaven, President and CEO of Musicrypt. "Cormark's in-depth due diligence has given them a solid understanding of the substantial business opportunity that Musicrypt has before it."
Musicrypt's mission is to be the global standard for secure B2B digital media delivery. Musicrypt's patented Digital Media Distribution System (DMDS) has delivered over 7,500 different songs from more than 150 record labels to radio stations representing over 35 U.S. broadcast chains which include: 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, as well as print media, press outlets and many others. 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 platform that can deliver entertainment and advertising media 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 outlets, retailers and other authorized recipients with more accountable, effective and 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
smiller @ axismarketingpr.com
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