NEW YORK, April 3, 2006 (PRIMEZONE) -- Advanced Technology Industries, Inc. (OTCBB:AVDI) and TVT Records today announced a joint agreement making TVT's entire catalog available through AVDI's Qtrax legal Peer-2-Peer music download service. The deal makes hit recordings from such Gold and Platinum artists as Lil Jon & The East Side Boyz, Default, Ying Yang Twins, Sevendust and Pitbull available on the soon-to-be-launched Qtrax service.
Qtrax is an ad-supported legal P2P service that marries the power of Peer-2-Peer and quality Internet advertising to provide improved value to the consumer. Qtrax will provide users with a legal file-sharing venue designed to prevent the unlawful distribution and/or reproduction of unlicensed copyrighted content and provide for the protection of intellectual property owners' rights, as well as their compensation. Files authorized for sharing by content owners will be freely transferred via the Qtrax P2P network and supported via Audible Magic content filtering technology.
Said TVT Records President and founder Steve Gottlieb, "Fans want to share files and sample new music in the most economical way, and artists and record companies deserve compensation. Both interests are realized through the Qtrax ad-supported model. The prospect of monetizing the power and appeal of P2P is extremely appetizing."
"Having TVT records embrace our model so enthusiastically is a wonderful affirmation of the viability of the Qtrax ad-supported music distribution model," said Allan Klepfisz, CEO of ATI. "Qtrax protects both intellectual property values and the desire of music enthusiasts to access, explore and listen to a wide musical spectrum. TVT's rich catalog will open a wide spectrum of musical experience for Qtrax users."
About TVT Records
The nation's No. 1 independent label for the fourth consecutive year as cited by industry authorities Billboard Magazine and SoundScan, TVT Records recently celebrated its 20th year of discovering and breaking some of the most revolutionary recording artists and exciting trends in music.
TVT Records is a pioneer in digital music distribution as the first label to make its entire catalog available for download when it launched its digital store in November 1999 from TVTrecords.com. The company was also the first to make its entire repertoire of music videos available for streaming. The label has been at the forefront of the evolving music market online through strategic partnerships with Microsoft, Yahoo!, Real Networks, Napster and others. In the massive Ringtones market, TVT often tops the charts. In 2005 two of the top 10 Mastertones and four of the top 10 polyphonic tones and were TVT recordings.
About ATI
Advanced Technology Industries, Inc. is a technology holding company devoted to technology identification and acquisition, as well as research and development leading to commercialization of innovative products, including proprietary technologies. Through its subsidiary, LTDnetwork, Inc. ("LTD"), the Company owns a range of cutting-edge proprietary software products developed by LTD that are designed to facilitate and enhance the purchasing experience of both its own customers and those of leading Internet companies that will utilize the products under joint venture or licensing arrangements. The Company is currently focusing on the launch of LTD's innovative P2P file sharing service, Qtrax. The Company has offices in New York, New York and Melbourne, Australia.
Safe Harbor
This announcement contains express or implied forward-looking statements which involve known and unknown risks and uncertainties that could cause actual results to differ materially from those suggested, including but not limited to risks identified and discussed in company filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof and future results may differ materially from expectations and the company disclaims any obligation to update them except as required by law.