GlobalMedia And Loudeye Sign Customer Referral And Encoding Agreement
GlobalMedia teams with Loudeye to provide top quality encoding services and expand both company's markets
VANCOUVER, May 25 /CNW-PRN/ - GlobalMedia.com (Nasdaq: GLMC - news), an award-winning Internet company focused on providing Internet e-commerce and streaming media solutions, today announced its signing of an agreement with Seattle based Loudeye Technologies, Inc. (Nasdaq: LOUD - news), in a move that significantly increases the product and service offerings of both companies.
Under the terms of the agreement, Loudeye will be referring clients to GlobalMedia to offer GlobalMedia's integrated commerce, content and broadcast solution. Loudeye's current clients include marquee names such as CNN, ABC, Disney, EMI, BMG and others. GlobalMedia will now be able to enhance its offerings to include the high quality encoding and digital media services of Loudeye to both GlobalMedia's audio and video clients.
GlobalMedia president Jeff Mandelbaum commented, ``GlobalMedia is proud to partner with an industry leader such as Loudeye. The potential of this partnership in terms of expanding both companies is incredible. The complimentary nature of GlobalMedia's services are an excellent fit for Loudeye's impressive client list.''
``GlobalMedia is a long standing international customer and this agreement solidifies our relationship,'' said Martin Tobias, CEO and founder, minister of order and reason, Loudeye Technologies, Inc. ``Our digital media services play a pivotal role in meeting the demands of their customers who desire high quality digital media content.''
About GlobalMedia.com
Winner of the prestigious Linux Journal award for the ``Best Overall Linux Solution'' at Comdex Fall '99, GlobalMedia provides Internet e-commerce and streaming tools to companies that are looking to leverage their existing brand names and customer base to the Internet. GlobalMedia's streaming media and e-commerce infrastructure focuses on providing businesses with a totally integrated, private branded solution: interactive stimulating audio and video, banner and rich media advertising, and e-commerce.
GlobalMedia trades on the Nasdaq National Market tier of the Nasdaq Stock Market, under the symbol GLMC. The Company has established important relationships with RealNetworks (Nasdaq: RNWK - news), Liquid Audio (Nasdaq: LQID - news), MCI/Worldcom (Nasdaq: WCOM - news), L90 (Nasdaq: LNTY - news) and Muze.
This press release may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including technological and operational challenges, changes in consumer preferences and developments affecting the Internet.
SOURCE: GlobalMedia.com |
