SANTA MONICA, Calif., Nov. 1, 2005 (PRIMEZONE) -- Digsound, Inc. (www.vrdigsound.com) (Pink Sheets:DGSU) announced that it has entered into a license agreement with 5 Alarm Music (www.5alarmmusic.com). Under the terms of the license, DIGSOUND has acquired the exclusive rights to watermark and distribute the 5 Alarm Music libraries throughout Television markets in North America.
"We are very pleased with this partnership," said Paul Martin president and founder of DIGSOUND. "5 Alarm's high quality and vast content, coupled with our web based licensing platform, VR24/7, will enable DIGSOUND to facilitate the new process of licensing music to a large number of broadcasters."
"DIGSOUND's technology is the future of music licensing. This agreement positions 5 Alarm as a leader putting them in the forefront of the change coming to the B2B music industry," according to Cassie Lord, general manager of 5 Alarm Music.
About 5 Alarm Music
With clients such as CBS, Cinemax, Fox Movie Channel, FX, NBC and the WB as well as many local stations, 5 Alarm Music (the music library division of DMI Music and Media Solutions -- formerly Disc Marketing) has emerged as the largest independent music library in North America. With the acquisition of the entire ProMusic catalog and client base, 5 Alarm now offers 2400 CDs, Music Supervision, Custom Music, Music Editing, Song Replacement and access to over 100 independent artists.
About DIGSOUND
Using cutting-edge technologies, Digsound Inc. has created a web-based software (VR24/7) that allows music providers an online interface enabling more efficient methods for distributing and monitoring content usage. DIGSOUND will leverage VR24/7 to create a vast distribution hub cutting out costly middle men. It also provides broadcasters who use outdated industry procedures the ability to automate and manage the process of licensing music.
"Safe-Harbor" Statement
This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in Digsound, Inc.'s periodic filings with the U.S. Securities and Exchange Commission.
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