HITS: "Musicmaker.com Custom CD Shipments Exceed 900,000 in First Quarter 2000"
NEW YORK, March 30 /PRNewswire/ -- Musicmaker.com (Nasdaq: HITS) today announced that for the first quarter 2000 they produced and shipped more than 900,000 custom CDs -- soaring more than 3000% from fourth quarter 1999. This increase in volume is a jump of over 2000% compared with the full year 1999.
"The numbers obviously speak for themselves," said Larry Lieberman, musicmaker.com's President of Global Marketing. "Exclusive custom CD promotions with Jimmy Page and The Black Crowes, Beastie Boys, as well as business-to-business events have fueled our growth."
About musicmaker.com
Musicmaker.com, with offices in New York City and Reston, Virginia, is a leading custom compilation and secure digital download music retailer on the Internet. Musicmaker.com offers music lovers the opportunity to build their own CDs by selecting and organizing songs from a library of tracks from over 165 labels in a variety of music genres. Tracks can be sampled before selection. CDs include up to 20 tracks or 70 minutes of music and can be personalized with unique labels as well as imprints on the jewel boxes. The musicmaker.com site also offers over 100,000 songs for download in MP3 and Microsoft Windows Media formats.
In addition to EMI Recorded Music and Zomba Music Group, musicmaker.com currently has exclusive marketing agreements with Columbia House (jointly owned by Sony Music and Warner Music Group), Audio Book Club, Platinum Entertainment, and Woodstock.com, as well as marketing agreements with AOL (and their Netscape Netcenter, Spinner, Winamp and ICQ brands), Musicland, Transworld Entertainment, Wherehouse Music, and others.
Musicmaker.com's statement of its goal to be at the forefront of the music industry and to provide exclusive music and innovative products are forward- looking statements. There are a number of uncertainties, risks and other factors, which may cause the actual results, performance, or achievements expressed or implied by such forward-looking statements to materially differ. Factors that could cause actual events or results to differ materially include, among others, our ability to predict trends and preferences in the changing music industry, our ability to obtain exclusive music rights and to obtain such rights to music that is in demand by music consumers, particularly that class of music consumers who use the internet, the fact that our competitors, current and future, including some of the record labels themselves, may be able to obtain exclusive rights to music or that we may be unable to obtain such rights ourselves as well as the risks set forth in the Company's Registration Statement filed on Form S-1 dated as of July 7, 1999 as filed with the Securities and Exchange Commission ("Filings") and risk factors listed from time to time in subsequent Filings.
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