SEATTLE, Feb. 7, 2005 (PRIMEZONE) -- NetMusic Entertainment Corporation (Pink Sheets:NTMT) announced today that during a Special Meeting of the Board of Directors the Company approved a 4 for 1 stock split, in the form of a stock dividend, of the Company's common stock. The stock dividend will be paid on Monday, 21 February 2005 to stockholders of record at the close of business on Friday, 18 February 2005. Stockholders will be entitled to three shares of common stock for each share of common stock held on that date. The proposed stock split is subject to regulatory approval.
"This forward stock split is intended to provide for the anticipated growth of the Company," said Glen Starchman, NetMusic's CEO. "It is also part of our ongoing efforts to improve trading liquidity, broaden ownership and enhance shareholder value."
About NetMusic:
Edmonds, Washington-based NetMusic Entertainment (http://www.netmusic.com/) is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4000 plus labels.
Investors interested in obtaining more information about the company are invited to visit: http://www.netmusic.com/corp/.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although NetMusic Entertainment Corporation believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by NetMusic Entertainment Corporation or any other person that the objective and plans of NetMusic Entertainment Corporation will be achieved.