SAN DIEGO, Calif., May 11, 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 is in discussions with myphonefiles.com (www.myphonefiles.com), a leading provider of cellular phone ringtone download services. Agent155.com has proposed providing ringtone download functionality for its membership and is currently in the pre-planning phases for implementation of the technology on the website.
According to a TechNewsWorld (www.TechNewsWorld.com) article published May 9, 2005, "The ringtone market is already a $400 million segment of the mobile content industry." And, according to Ovum Research, projections indicate the market will grow to $1.4 billion by 2010. In 2004, Sprint reported that in 2003 its customers downloaded 20 million ringtones and screensavers. In addition, a September 2003 Yankee Group Mobile User survey found that 18 percent of subscribers are somewhat or very interested in downloadable ringtones.
"This is a perfect segue for our members into this lucrative market," stated Christopher Martinez, CEO of Agent155 Media Group. "Just the other day, Napster and Dwango announced they will begin selling ringtones. This is a tremendous validation of the market, from a leading player in the downloadable content business." He added, "With Agent155.com's proprietary member content available as a ringtone, our talent membership has the opportunity to create new, dynamic revenue streams, which will also benefit Agent155 through a revenue-sharing arrangement."
Plans for the service will be discussed as details become available. Partnership discussions with myphonefiles.com indicate that members will be able to create and send Realtone Ringtones from ANY digital audio file; send picture messages from ANY digital picture file (from a website, application or file folder); broadcast text and/or picture messages to an audience, including complete buddy list functionality for group memberships; send video clips to video-enabled cell phones; and manage wireless content from their own Personal Lockers on the Agent155.com Wireless Portal.
For more information, please visit the Agent155 Web site at www.agent155.com.
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.