SEATTLE, Jan. 5, 2005 (PRIMEZONE) -- NetMusic Entertainment (Pink Sheets:NTMT), boasting the world biggest independent digital music catalogue via its wholly owned subsidiary Audio Lunchbox (http://www.audiolunchbox.com/) and experts in digital music services (DMS), was spotlighted on CNBC's "Closing Bell" when Glen Starchman, NetMusic's CEO was interviewed as a featured commentator.
The segment, which aired live yesterday afternoon, January 4th, was rebroadcast again this morning on "Morning Bell". In the interview, when asked about the independent music marketplace, Mr. Starchman was quoted "...up to 60% of all digital music sales are independent artists... ."
Starchman also pointed out that digital music services like NetMusic.com (http://www.netmusic.com/) give the independent artist national and even global exposure that would not be available to them trough traditional distribution markets.
About NetMusic:
Edmonds, Washington-based NetMusic Entertainment (http://www.netmusic.com/) 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 4000 plus labels.
About Audio Lunchbox:
Los Angeles, California-based Audio Lunchbox (http://www.audiolunchbox.com/) is a wholly owned subsidiary of NetMusic Entertainment and operates the premier digital music service for independent music. The company was originally founded with a common vision: to increase exposure and availability of great independent music. Audio Lunchbox is cross-platform and entirely web-based.
Investors interested in obtaining more information about the company are invited to visit: http://www.netmusic.com/corp/.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although NetMusic Entertainment Corporation believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by NetMusic Entertainment Corporation or any other person that the objective and plans of NetMusic Entertainment Corporation will be achieved.