SAN DIEGO, Feb. 4, 2005 (PRIMEZONE) -- Agent155 Media Group, Inc. (Pink Sheets:AGMG), a provider of multi-media content management tools providing exposure, networking and collaboration opportunities to models, performers, artists, athletes, musicians, filmmakers and agencies worldwide, today announced it has begun development of its music download service.
According to a recent Apple press release, its iTunes Music Store is currently selling over a million songs per day. "Clearly, downloading music legally is now in the mainstream," commented Christopher Martinez, CEO of Agent155 Media Group, Inc. "The success of the iPod and similar devices has launched a new era of music distribution."
Musicians will soon be able to upload and offer licensed downloads of their music to fans worldwide for a per-download fee of around .79 cents per song. The revenue will be split between the artist and Agent155, with the musician to receive approximately 50%. "Musicians who have not yet been discovered have an enormous opportunity to get their songs out there and start creating a real buzz and generate sales," stated Martinez. "We're all about a new digital revolution. There are multitudes of sites selling music, the problem is it's all the same stuff. New, undiscovered, talented musicians lacked digital distribution until now."
According to The International Federation of the Phonographic Industry (IFPI), individuals in the U.S. and Europe legally downloaded more than 200 million tracks in 2004, up almost tenfold over 2003. IFPI estimates that digital music revenues were around $330 million in 2004, up sixfold from the previous year.
"Putting the power into the musician's hands, that is our goal," added Martinez.
For more information, please visit the Agent155 Web site at www.agent155.com or call 619-374-7119.
About Agent155 Media Group, Inc.
Agent155 Media Group Inc. is based in San Diego where its Web site (Agent155.com) and related services are produced for worldwide distribution. The company offers an affordable, high-quality online presence for the global artistic and athletic communities through its website, Agent155.com. Agent155.com offers models, performers, artists, athletes, musicians, filmmakers and agencies a multi-media content management solution, enabling the creative world a collaborative forum to network and develop. Agent155.com provides talent agencies, agents, producers, directors, and recording companies a one-stop location to search and view the profiles and work of emerging talent. Agent155 Media Group Inc. also re-distributes member content through traditional media channels like TV, radio, film and print,. Agent155 Media Group Inc., produces films, music tours, commercials, and various events using talent exclusively from Agent155.com
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Agent155 Media Group, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Agent155 Media Group, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when promised, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.