HENDERSON, Nev., Oct. 24, 2007 (PRIME NEWSWIRE) -- Burned Media Ltd. (Pink Sheets:BUNM), a Digital Music and Media company, has responded to recent market activity by stating that the fundamentals of the business remain extremely positive.
The company in the past 8 months has successfully launched and grown the Hypster.com music discovery property and Freshtunes.com music download store. The company is in the process of finalizing a Facebook extension of its properties, and has announced the impending launch of its own online event ticketing property which will also be integrated with Hypster.com.
Hypster.com continues to gain user acceptance growing to well over 100,000 users, at month over month growth rates of 35-40%. The company also continues to sign new digital music artists and it can be expected that the company will announce up to 5 new Platinum Artist agreements in the next week. The company has also continued to promote more live music events including its most recent DJ night at the Boulevard Room with Lock3Down, successful shows with Sunday Detox, and upcoming music showcases and artist release parties.
There has been no material change in the fundamentals of the business and the company asserts it is currently extremely undervalued given its assets and prospects for continued growth in 2008.
About Burned Media Ltd.
Burned Media Ltd. is focused upon the sales of digital music and related digital products and services via various online and offline sales channels.
Forward-Looking Statement
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.