SEATTLE, Jan. 31, 2005 (PRIMEZONE) -- NetMusic Entertainment (Pink Sheets:NTMT) is pleased to announce that it is seeking to graduate from the Pink Sheets to a listing on a major stock exchange. Currently the company is consulting with both counsel and market advisors to prepare the company for a move to either the AMEX or NASDAQ. The company is preparing all necessary documentation to satisfy the regulatory requirements necessary for the move.
"In the best interest of the company and its shareholders the time to move is now," said Glen Starchman, NetMusic's CEO. "NetMusic is already seeking to become a fully reporting issue; a listing on a higher exchange just makes sense. By seeking a listing on a major exchange, we are opening the doors to new business alliances as well as streamlined access to expansion capital."
Edmonds, Washington-based NetMusic Entertainment Corporation (Pink Sheets:NTMT) (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 1 million tracks, incorporating 4,000-plus labels.
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.