MIAMI, March 1, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: NetMusic Entertainment Corporation (Pink Sheets:NTMT), Apple Computer, Inc. (Nasdaq:AAPL), Best Buy Co., Inc. (NYSE:BBY) and Nortel Networks Corporation (NYSE:NT).
NetMusic Entertainment Corporation (Pink Sheets:NTMT) issued a press release that may get investor's attention. Late yesterday afternoon, the company announced that it has reached an agreement with KlikVU, Inc. KlikVU will provide NetMusic with the industry's finest quality Internet video and audio distribution and offer significant cost savings for all of NetMusic's content streaming requirements. Before the news was released, the company's stock closed at fifty three cents a share.
This press release stated that the two companies will coordinate on the distribution NetMusic's previously announced one day Internet screening of the feature film, "Dead Girl" written and produced by Philippe Caland, starring Val Kilmer, and featuring Teri Hatcher. This event marks the launch of NetMusic's Video-On-Demand service. NetMusic, owner of the largest catalogue of independent music available online, intends to build a similarly impressive offering of independent feature films.
NetMusic and KlikVU will expand their relationship through a series of joint technology development and content licensing initiatives. These efforts will provide NetMusic with the unique combination of the highest quality service offering and extremely aggressive cost savings.
"In KlikVU, NetMusic has found a partner that represents the same superiority in the technological space that we represent in the content acquisition space," says NetMusic's CEO, Glen Starchman.
Lowell Feuer, CEO of KlikVU added, "We are excited to match KlikVU's industry leading technology with NetMusic's ever growing catalogue of music and film products. The consumer is the real winner in this joining of forces."
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 4000 plus labels. Recently, the company announced plans for the acquisitioning of licensing to the catalogues of the largest recording companies in the industry.
New York, New York based KlikVU, Inc. (http://www.klikvu.com) streams video to any WM player device, at the best quality and the lowest cost, guaranteed. Streaming at a quality that will impress viewers worldwide yet can cost them fractions of other services' prices. KlikVU's infrastructure division, ClearLine Streaming Services, offers low-cost video encoding, hosting, and streaming to websites around the world. Its customers include TV networks and affiliates, as well as individual channels and broadcast services.
The ClearLine server farm resides in a prime location at the intersection of the major backbones of the Internet, and is monitored 24/7 by experts in network performance. KlikVU syndication, including e-commerce and DRM, are world-class services at the lowest possible cost.
Other Stocks of interest yesterday were: Apple Computer, Inc. (Nasdaq:AAPL) up 0.5% on 23.2 million shares traded, Best Buy Co., Inc. (NYSE:BBY) up 4.5% on 5.8 million shares traded and Nortel Networks Corporation (NYSE:NT) down 4.6% on 4.7 million shares traded.
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