Wall Street News Alert's Market Alert for Wednesday! March 2, 2005


WESTON, Fla., March 2, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: NetMusic Entertainment (Pink Sheets:NTMT), Sprint Corporation (NYSE:FON), Nokia Corporation (NYSE:NOK) and General Motors Corporation (NYSE:GM).

Aggressive investors and traders will once again be watching NetMusic Entertainment Corporation (Pink Sheets:NTMT)! Recently the company issued a press release announcing that it has reached an agreement with KlikVU, Inc., to provide NetMusic the industry's finest quality video and audio distribution over IP platforms and offer significant cost savings in all of NetMusic's content streaming requirements.

This could be huge news for investors! The two companies will coordinate on the distribution of NetMusic's previously announced one day Internet screening of the feature film, "Dead Girl" written and produced by Philippe Caland and starring Val Kilmer, Anne Parillaud, Adam Howard, Amanda Plummer and featuring Teri Hatcher and Famke Jensen.

According to the press release, 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.

Keep your eyes open for future developments! Last week the company announced a deal with a third party, that when completed, will allow NetMusic.com to become the largest DMS catalogue on the planet, besting iTunes and the rest combined, by allowing it access to all of the digital music archives of: EMI, Sony BMG, Universal Music Group and Warner Music Group.

For more in-depth coverage of NetMusic, visit http://216.63.242.254/NTMT0301.htm

The stock closed yesterday at fifty-four cents a share.

In case you are not familiar with the companies: Based in Edmonds, Washington, 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.

New York, New York based KlikVU, Inc. 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. Its customers include TV networks and affiliates, as well as individual channels and broadcast services.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Sprint Corporation (NYSE:FON) up 1.9% on 13.1 million shares traded, Nokia Corporation (NYSE:NOK) up 0.6% on 10.4 million shares traded and General Motors Corporation (NYSE:GM) up 0.9% on 10.2 million shares traded.

Commentary:

"The Commerce Department announced that spending on construction activity rose 0.7 percent in January. This was better than the 0.5 percent expected," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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