MIAMI, Feb. 24, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: NetMusic Entertainment Corporation (Pink Sheets:NTMT), Sun Microsystems, Inc. (Nasdaq:SUNW), Ciena Corporation (Nasdaq:CIEN) and Yahoo! Inc. (Nasdaq:YHOO).
Having issued several important press releases yesterday, NetMusic Entertainment Corporation (Pink Sheets:NTMT) should have investors' full attention. Late yesterday afternoon, the company announced that it has reached an agreement to be represented by Paul Zamek, President and CEO of Zamek World Marketing, for engaging senior entertainment industry leaders. This agreement brings to the NetMusic team an individual who has operated at the highest echelons in this sphere. Before the news was released, the company's stock closed at around fifty-nine cents a share.
This press release stated that following a long and successful career in the recording industry, Zamek and Zamek World Marketing have served a who's who list of clients including the late Frank Sinatra, Elton John, Stevie Wonder, Paul Simon, and Tina Turner. Current and recent clients and business relationships include Ringo Starr, Kenny Rogers, Coolio, and the estates of Elvis Presley, John Denver, and Roy Orbison. Please read yesterday's press release for additional details.
Early yesterday morning, the company also reissued a previous press release stating that it has finalized its plans to acquire the music catalogues of all the major record labels, creating the World's Largest Digital Music Catalogue.
Finally, the company also announced mid-morning that all of the company's shareholders of record at close of market on Friday, February 18, 2005 were paid a dividend payment of 3 new shares for every one they owned. Yesterday the stock price was adjusted to reflect the company's stock split.
Edmonds, Washington-based NetMusic Entertainment 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 4,000 plus labels. Recently, the company announced plans for the acquisitioning of licensing to the catalogues of the largest recording companies in the industry.
Other stocks of interest yesterday were: Sun Microsystems, Inc. (Nasdaq:SUNW) up 1.9% on 39.6 million shares traded, Ciena Corporation (Nasdaq:CIEN) down 12.7% on 38.9 million shares traded and Yahoo! Inc. (Nasdaq:YHOO) down 2% on 34.6 million shares traded.
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